Gaming

Munger, Tolles & Olson provides companies in the gaming industry with trusted advice and counsel in their corporate transactions and high-stakes litigation. Our attorneys work closely with casinos and their owners and investors, using a sophisticated and comprehensive approach to tackling their most important legal issues.

Examples of our recent representations in this field include representing:

  • Fertitta Entertainment in its joint venture with the former lenders to Station Casinos to purchase Station’s gaming properties and land holdings out of bankruptcy in a deal valued at $4 billion.
  • Cannery Casino Resorts in:
    • negotiation of credit facilities aggregating $895 million.
    • its groundbreaking acquisition of “The Meadows” racetrack and casino in Pennsylvania.
    • its sale of an interest to Crown Ltd.
  • Phillip G. Ruffin in the acquisition of Treasure Island Hotel & Casino from MGM Mirage for $775 million.
  • MGM Resorts International in connection with its interest in the City Center joint venture and in securities class actions and shareholder derivative suits in Nevada.
  • Sands China, a majority-owned subsidiary of Las Vegas Sands Corp., in a lawsuit brought by the company’s former CEO, who alleged that he was terminated without cause.
  • The Estate of Craig H. Neilsen in a $457 million stock purchase agreement with Ameristar Casinos, Inc.
  • Oaktree Capital Management in its acquisition of an interest in Cannery Casino Resorts.
  • Hollywood Casino Shreveport as the debtor in a pre-packaged bankruptcy in which the senior bondholders of the company converted their debt into equity of the reorganized debtor.
  • Co-investors in the acquisition of Harrah’s Entertainment by Texas Pacific Group and Apollo Management. 
  • California’s Native American tribes in the California Supreme Court litigation challenging an initiative approving tribal gaming.
  • Moelis & Co. as financial adviser in the acquisition of:
    • Fontainebleau Las Vegas and Fontainebleau Miami Beach.
    • Tropicana in New Jersey.

Contact:
Mark H. Kim (213) 683-9144
Brett J. Rodda (213) 683-9161