Gaming law encompasses all those laws and regulations pertaining to gambling. It’s a combination of constitutional law, business law, contract law, and criminal law. Gaming lawyers represent casino enterprises, casino suppliers, businesses, state and local governments, non-profit organizations, tribal governments, and others.
Casino gambling is a $50 billion dollar a year business. Nevada has the highest state gambling revenue at about $10 billion dollars a year. One third of all of Nevada’s general tax revenues come from state gambling. Nevada, which re-legalized gambling in 1931, gets one third of its general state tax revenue from taxes on gambling.
The state allows a broad range of gaming activities including a myriad of casino games, pari-mutuel betting, sports betting, and event betting. "The gaming industry is vitally important to the economy of the state and the general welfare of the inhabitants" (Nev. Rev. Stat. § 463.0129).
Navigating the complex regulations, laws and history of gaming, gaming lawyers help casinos and suppliers, including internet gambling virtual venues, apply for licenses, permits, and approvals. Determining corporate structure, governance, planning and operations also falls within the gaming attorney’s realm of expertise, as does compliance with gaming regulations and laws.
In addition, gaming attorneys helps shape gaming laws and regulations, litigate matters of dispute that arise in the operation of a gaming business, secure financing for gaming businesses through both public offerings and private equity offerings, provide legal advice regarding the construction and development of casinos (including transactional projects, zoning issues, real estate deals, construction contracts, and state and federal environmental permits.)