Nevada Gaming Commission to Modify or Eliminate 24 Regulations

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Las Vegas Review-Journal reports that the Nevada Gaming Commission unanimously designated two lists of gaming regulations subject to modification or elimination in the forthcoming period. Tuesday’s session of the Commission also marked the final meeting attendance of  Steven Cohen as a commissioner after the four-year service.

Withdrawal and Appointments:

Appointed to the Commission in 2019 by former Gov. Steve Sisolak, Cohen reportedly announced withdrawal from the position after his mandate expires at the of this month. Steve Cohen, a founding partner of the law firm Cohen Johnson Parker Edwards, reportedly declined the possibility to serve another four-year term and told the Board that someone new should step in his place.

The new member of the Nevada Gaming Control Board will be appointed by Gov. Joe Lombardo, who already made the first appointment in January when the governor’s decision brought former State Treasurer and Lt. Gov. Brian Krolicki to the five-person board. However, Cohen’s withdrawal now requests another inclusion in the Board entitled to final decision-making actions as far as licensing recommendations are concerned.

Nevada Gaming Commission to Modify or Eliminate 24 Regulations

Gaming Regulations Review:

The last Cohen’s meeting as a commissioner featured the vote on two lists of gaming regulations as to whether these outdated lists need modifications or elimination from the regulatory scope. The vote followed the executive order of Gov. Lombardo to have the existing gaming regulations reviewed by all the executive agencies, commissions, and boards in the state industry. The measure also requested that the outdated regulations be ranked and considered for either update or exclusion by May 1.

Targeted Regulations Served:

As the source reports, Jose Torres, Control Board Senior Research Specialist, and Tiffany Breinig, Deputy Attorney General, have come up with a list of eight regulations that may need further modifications and the other one with 16 rules that may be eliminated from the legislature. Rules designated for possible modifications or exclusions reportedly refer to casino operations, accounting, security measures, parimutuel wagering, and card room money transactions.

But, according to Las Vegas Review-Journal, most of these changes will not affect consumers. Torres reportedly said that the board and commission would now use the list of regulations targeted for change to determine the way in which the changes would be made.

The meeting additionally included the license approval of two established gaming executives in new roles. Therefore sports betting leader Joe Asher was approved as President of PlaySports, an IGT sports wagering subsidiary, while the former CFO of Aristocrat Leisure Ltd, Julie Cameron-Doe was approved as Chief Financial Officer of Wynn Resorts Ltd.

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