1 STATE OF NEW JERSEY 2 CASINO CONTROL COMMISSION 8 … · 3 Public Hearing No. 17-10-11 October...

1 STATE OF NEW JERSEY

2 CASINO CONTROL COMMISSION

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5 PUBLIC MEETING NO. 17-10-11

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9 Wednesday, October 11, 2017

10 Atlantic City Commission Offices

11 Joseph P. Lordi Public Meeting Room - First Floor

12 Tennessee Avenue and Boardwalk

13 Atlantic City, New Jersey 08401

14 10:39 a.m. to 11:04 a.m.

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17 Certified Court Reporter: Darlene Sillitoe

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19 GUY J. RENZI & ASSOCIATES, INC.

20 CERTIFIED COURT REPORTERS & VIDEOGRAPHERS

21 GOLDEN CREST CORPORATE CENTER

22 2277 STATE HIGHWAY #33, SUITE 410

23 TRENTON, NEW JERSEY 08690

24 TEL: (609) 989-9199 TOLL FREE: (800) 368-7652

25 www.renziassociates.com

2Public Hearing No. 17-10-11 October 11, 2017

www.renziassociates.comGuy J. Renzi & Associates (609) 989-9199

1 B E F O R E :

2 CASINO CONTROL COMMISSION: MATTHEW B. LEVINSON, CHAIR

3 SHARON ANNE HARRINGTON, VICE CHAIR ALISA COOPER, COMMISSIONER

4PRESENT FOR THE CASINO CONTROL COMMISSION:

5 DARYL W. NANCE, ADMINISTRATIVE ANALYST DANIEL J. HENEGHAN, PUBLIC INFORMATION OFFICER

6OFFICE OF THE GENERAL COUNSEL:

7 DIANNA W. FAUNTLEROY, GENERAL COUNSEL/EXECUTIVE SECRETARY

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9 OFFICE OF REGULATORY AFFAIRS: GLENN T. MacFADDEN, SUPERVISOR, LICENSING

10DIVISION OF GAMING ENFORCEMENT:

11 DEPUTY ATTORNEYS GENERAL TRACY E. RICHARDSON, DEPUTY ATTORNEY GENERAL

12 BRIAN C. BISCIEGLIA, DEPUTY ATTORNEY GENERAL SARA BEN-DAVID, DEPUTY ATTORNEY GENERAL

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1 A P P E A R A N C E S :

2 ITEM NO. 9 DIANNA W. FAUNTLEROY, GENERAL COUNSEL TRACY E. RICHARDSON, DEPUTY ATTORNEY

3 GENERAL FOX ROTHSCHILD, LP

4 BY: PATRICK MADAMBA, JR., ESQ. FOR: MGM RESORTS INTERNATIONAL

5ITEM NO. 10 DIANNA W. FAUNTLEROY, GENERAL COUNSEL

6 TRACY E. RICHARDSON, DEPUTY ATTORNEY GENERAL

7 FOX ROTHSCHILD, LP BY: PATRICK MADAMBA, JR., ESQ.

8 FOR: MGM RESORTS INTERNATIONAL

9 ITEM NO. 11 DIANNA W. FAUNTLEROY, GENERAL COUNSEL TRACY E. RICHARDSON, DEPUTY ATTORNEY

10 GENERAL FOX ROTHSCHILD, LP

11 BY: PATRICK MADAMBA, JR., ESQ. FOR: MGM RESORTS INTERNATIONAL

12ITEM NO. 12 DIANNA W. FAUNTLEROY, GENERAL COUNSEL

13 SARA BEN-DAVID, DEPUTY ATTORNEY GENERAL

14 BROWNSTEIN, HYATT, FARBER, SCHRECK PACIFICO AGNELLINI, ESQ.

15 FOR: MGM RESORTS INTERNATIONAL

16 ITEM NO. 13 DIANNA W. FAUNTLEROY, GENERAL COUNSEL DAVID M. LOLLI, DEPUTY ATTORNEY GENERAL

17 COOPER, LEVENSON, APRIL, NIEDELMAN & WAGENHEIM, PA

18 LYNNE LEVIN KAUFMAN, ESQ. FOR: DGMB CASINO, LLC, RESORTS

19 DIGITAL, LLC, AND THEIR HOLDING COMPANIES

20 BROWNSTEIN, HYATT, FARBER SCHRECK

21 PACIFICO AGNELLINI, ESQ.

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1 AGENDA PUBLIC MEETING NO. 17-10-11

2 OCTOBER 11, 2017, 10:39 a.m.3 ITEM PAGE VOTE4 1 Ratification of the minutes of the 7 8 September 13, 2017, public meeting

5 2 Application of Michael J. Schultz for an 8 9 initial casino key employee license

6 3 Applications for resubmitted casino key employee licenses:

7 a) Marianne E. Beich 9 10 b) Stephen M. Korchan, Jr. 9 10

8 c) Anthony Reo, Jr. adj. d) Nu Tu Su 9 10

9 e) John R. Teti 9 10 f) Gerald M. Tkachyk 9 10

10 4 Application for Steven S. Scheinthal for 10 13 a casino key employee license and for

11 qualification5 Approvals through Delegation of Authority 13

12 between September 11, 2017, and October 9, 2017, pursuant to Resolution No.

13 17-01-11-11-C6 Requests for inactivation of casino key 14 15

14 employee licenses: a) Philip D. Babilino, Jr.

15 b) Thomas N. Battista c) Christina F. Broome

16 d) John DiJosie e) Julie L. Grabowski

17 f) Nadine L. Guzman g) Donald G. Horbelt

18 h) Victor Jacalone, III i) Stevenson M. Jackson

19 j) Richard Kot k) Gerald M. Lee

20 l) Jerome V. Page m) Eva L. Santiago

21 n) John D. Vaughn, Jr. o) Andrea L. Ward

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1 CONTINUED AGENDA2 PUBLIC MEETING NO. 17-10-11

OCTOBER 11, 2017, 10:39 a.m.3

ITEM PAGE VOTE4 7 Consideration of the lapse of casino 15 16

key employee licenses:5 a) Donald R. Browne

b) Daniel J. Cummings6 c) Adam J. Faris

d) Anthony C. Grover7 e) Calvin K. Jones

f) John L. Katapodis8 g) Peter I. Laspisa

h) Delora J. Loduca9 i) William J. Perry

j) Martin I. Stephens10 8 Consideration of the initial 17 18

application of Brian T. DeWitt for a11 casino key employee license

(DKT-17-0015-CK)12 9 Consideration of the plenary 19 21

qualification of Andrew G. Hagopian,13 III, to serve as Chief Corporate

Counsel of MGM Resorts International14 10 Consideration of the plenary 21 23

qualification of Uri L. Clinton to15 serve as Senior Vice President, Legal

Counsel of MGM Resorts International16 11 Consideration of the plenary 24 25

qualification of John B. Kilroy, Jr.,17 to serve as Director of MGM Resorts

International18 12 Petition of Tropicana Atlantic City 25 30

Corp., for qualification of new holding19 companies and natural person qualifiers

of Tropicana Atlantic City Corp., and20 other relief pursuant to NJSA 5:12-1,

et seq. (PRN 2651701)21 13 Amended and Restate Petition of DGMB 30 34

Casino, LLC, Resorts Digital, LLC, and22 their holding companies for

qualification pursuant to NJSA23 5:12-85-1 and approval pursuant to NJSA

5:12-105f (PRN 2411702)2425

Public Hearing No. 17-10-11 October 11, 2017


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1 (Public Meeting 17-10-11 was commenced2 at 10:39 a.m.)3 MR. NANCE: Good morning. I'd like to4 read an opening statement:5 This is to advise the general public6 that in compliance with Chapter 231 of the7 public laws of 1975 entitled "Senator Bryon M.8 Baer Open Public Meeting Act," the New Jersey9 Casino Control Commission on December 8th,

10 2016, filed with the Secretary of State at the11 State House in Trenton an annual meeting12 schedule. On December 9, 2016, copies were13 mailed to subscribers.14 Members of the press will be permitted15 to take photographs. We ask this be done in a16 manner which is not distracting to the17 Commission.18 The use of cell phones in the public19 meeting room is prohibited.20 Any member of the public who wish to21 address the Commission will be given the22 opportunity to do so before the Commission23 adjourns for the day.24 Please stand for the Pledge of25 Allegiance.

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1 ITEM NO. 12 (The Flag Salute was recited.)3 MS. FAUNTLEROY: Good morning, everyone.4 Please answer when I call your name for5 the record, please.6 MS. FAUNTLEROY: Commissioner Cooper?7 COMMISSIONER COOPER: Here.8 MS. FAUNTLEROY: Vice Chair Harrington?9 VICE CHAIR HARRINGTON: Here.

10 MS. FAUNTLEROY: And Chairman Levinson?11 CHAIR LEVINSON: Here.12 MS. FAUNTLEROY: Thank you.13 Matters discussed in closed session this14 morning included key license application15 matters as well as approval of the16 closed-session minutes of the September 13,17 2017, closed session.18 Item No. 1 for your consideration on the19 agenda is the ratification of the minutes of20 the public portion of September 13, 2017,21 meeting.22 CHAIR LEVINSON: Thank you.23 Can I have a motion on the ratification24 of the minutes?25 VICE CHAIR HARRINGTON: I move that we

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1 ITEM NO. 22 ratify the minutes of September 13th, 2017.3 CHAIR LEVINSON: Thank you.4 A second?5 COMMISSIONER COOPER: I'll second that.6 CHAIR LEVINSON: All those in favor?7 (Ayes.)8 CHAIR LEVINSON: Opposed?9 (No response.)

10 CHAIR LEVINSON: Motion carries.11 MS. FAUNTLEROY: Thank you.12 Item No. 2 is the application of Michael13 J. Schultz for an initial casino key employee14 license.15 Mr. Schultz received his temporary key16 on April 24, 2017. The Division favorably17 reported on October 2, 2017.18 And we've reviewed that recommendation19 for a grant. And we all concur and recommend20 that you do grant the initial application.21 CHAIR LEVINSON: Thank you.22 Commissioners, any questions for counsel23 before the motion?24 (No response.)25 CHAIR LEVINSON: Hearing none, I'll

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1 ITEM NO. 32 entertain a motion.3 COMMISSIONER COOPER: Mr. Chairman, I4 move to grant Michael J. Schultz's initial5 casino key employee license.6 CHAIR LEVINSON: Thank you.7 Is there a second.8 VICE CHAIR HARRINGTON: Second.9 CHAIR LEVINSON: All those in favor?

10 (Ayes.)11 CHAIR LEVINSON: Opposed?12 (No response.)13 CHAIR LEVINSON: Motion carries.14 MS. FAUNTLEROY: Thank you.15 Item No. 3, applications for resubmitted16 casino key employee licenses.17 Prior to calling the matters, I will18 indicate that Item 3c has been adjourned.19 The remaining items identified as A20 through F with the exclusion of C have all been21 reviewed, favorably reported on by the22 Division, and staff recommends that the23 remaining five be granted.24 CHAIR LEVINSON: Thank you.25 Commissioners, any individual questions



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1 ITEM NO. 42 on A through F? Minus C?3 (No response.)4 CHAIR LEVINSON: Hearing none, I'll5 entertain a motion.6 VICE CHAIR HARRINGTON: I move to grant7 the five resubmitted casino key employee8 licenses.9 CHAIR LEVINSON: Thank you.

10 A second?11 COMMISSIONER COOPER: I'll second that.12 CHAIR LEVINSON: All those in favor?13 (Ayes.)14 CHAIR LEVINSON: Opposed?15 (No response.)16 CHAIR LEVINSON: Motion carries.17 MS. FAUNTLEROY: Thank you.18 Item No. 4 is the application of Steven19 S. Scheinthal for a casino key employee license20 and for qualification.21 This matter was presented by the22 Division letter request of October 4 that the23 matter be considered at this meeting agenda.24 We have Pat Agnellini, counsel for Mr.25 Scheinthal, and Tracy Richardson, counsel for

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1 ITEM NO. 42 the Division.3 CHAIR LEVINSON: Thank you.4 Mr. Agnellini?5 MR. AGNELLINI: Good morning, Chairman,6 members of the Commission.7 CHAIR LEVINSON: Good morning.8 MR. AGNELLINI: Pacifico Agnellini on9 behalf of the Applicant.

10 MS. RICHARDSON: Good morning, Chairman11 and Commissioners. Tracy Richardson, Deputy12 Attorney General, for the Division of Gaming13 Enforcement.14 CHAIR LEVINSON: Thank you.15 Mr. Agnellini?16 MR. AGNELLINI: Mr. Chairman, before you17 is the resubmission application of Mr.18 Scheinthal and for a key employee licensure and19 qualification.20 We have reviewed the proposed21 stipulation and have no issues, no objections,22 and ask that it be approved.23 CHAIR LEVINSON: Thank you.24 MR. AGNELLINI: Thank you.25 CHAIR LEVINSON: Miss Richardson?

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1 ITEM NO. 42 MS. RICHARDSON: You have before you a3 signed stipulation regarding Mr. Scheinthal's4 resubmission for his qualification as well as5 his key employee license, and we ask that you6 approve it as submitted.7 Thank you.8 CHAIR LEVINSON: Thank you.9 Commissioners, any questions on Item No.

10 4?11 (No response.)12 CHAIR LEVINSON: Hearing none, I'll13 entertain a motion.14 COMMISSIONER COOPER: Mr. Chairman, I15 move to approve the 2017 amended and restated16 stipulation of settlement between the Division17 and Steven S. Scheinthal and find that Mr.18 Scheinthal continues to make the meet the19 requirements for key licensure and20 qualification, subject to compliance with the21 conditions contained in the stipulation.22 CHAIR LEVINSON: Thank you.23 Is there a second?24 VICE CHAIR HARRINGTON: Second.25 CHAIR LEVINSON: Any further questions

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1 ITEM NO. 52 or discussion?3 (No response.)4 CHAIR LEVINSON: This is a roll call5 vote.6 MS. FAUNTLEROY: Commissioner Cooper?7 COMMISSIONER COOPER: Yes.8 MS. FAUNTLEROY: Vice Chair Harrington?9 VICE CHAIR HARRINGTON: Yes.

10 MS. FAUNTLEROY: And Chairman Levinson?11 CHAIR LEVINSON: Yes.12 MR. AGNELLINI: Thank you.13 MS. RICHARDSON: Thank you.14 MS. FAUNTLEROY: Item No. 5 are15 approvals through Delegation of Authority16 between September 11, 2017, and October 9,17 2017.18 Glen MacFadden will review those matters19 with you; however, no action is required at20 this time.21 CHAIR LEVINSON: Thank you.22 MR. MacFADDEN: Good morning, Mr.23 Chairman and Commissioners.24 CHAIR LEVINSON: Good morning.25 MR. MacFADDEN: Item 5 consists of three



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1 ITEM NO. 62 individuals who were issued a temporary casino3 key license via Delegated Authority subsequent4 to the September 13, 2017, public meeting.5 They are: Imran Khan, Liz E. Quinones,6 and Christian Roman.7 CHAIR LEVINSON: Thank you.8 MS. FAUNTLEROY: Item No. 6 are requests9 for inactivation of casino key employee

10 licenses. They are identified on the agenda as11 Items 6a through o.12 Again, Mr. MacFadden will review those13 matters for you.14 MR. MacFADDEN: Thank you.15 Item 6 consists of 15 individuals who,16 in lieu of filing a resubmission application,17 have been requested to be placed on the18 inactivation list, not to exceed five years.19 Staff recommends granting their20 requested relief.21 CHAIR LEVINSON: Thank you.22 Commissioners, any questions on any of23 these?24 (No response.)25 CHAIR LEVINSON: I'll entertain a

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1 ITEM NO. 72 motion.3 VICE CHAIR HARRINGTON: I move we grant4 the requested relief and grant that the 155 casino key employee licenses be inactivated.6 CHAIR LEVINSON: Thank you.7 Is there a second?8 COMMISSIONER COOPER: I'll second that.9 CHAIR LEVINSON: All those in favor?

10 (Ayes.)11 CHAIR LEVINSON: Opposed?12 (No response.)13 CHAIR LEVINSON: Motion carries.14 MS. FAUNTLEROY: Thank you.15 Item No. 7 for your consideration are16 the lapsing of casino key employee licenses17 identified as Items 7a through j.18 Mr. MacFadden will again review those19 with you.20 MR. MacFADDEN: Thank you.21 Item 7 consists of ten individuals whose22 casino key employee review deadline has passed23 and have neither filed the resubmission24 paperwork nor requested to be placed on the25 inactive list.

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1 ITEM NO. 72 Those individuals are: Donald R.3 Browne, Daniel J. Cummings, Adam J. Faris,4 Anthony C. Grover, Calvin K. Jones, John L.5 Katapodis, Peter I. Laspisa, Delora J. Loduca,6 William J. Perry, and Martin I. Stephens.7 Consequently, staff recommends that the8 casino key employee license of these ten9 individuals be allowed to lapse.

10 CHAIR LEVINSON: Thank you.11 Commissioners, any questions regarding12 any of these individuals?13 (No response.)14 CHAIR LEVINSON: Is there a motion?15 COMMISSIONER COOPER: Mr. Chairman, I16 move to find that the ten casino key employee17 licenses lapse pursuant to NJAC 19:41A-6.1(f)18 of the regulation.19 CHAIR LEVINSON: Thank you.20 Is there a second?21 VICE CHAIR HARRINGTON: Second.22 CHAIR LEVINSON: All those in favor?23 (Ayes.)24 CHAIR LEVINSON: Opposed?25 (No response.)

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1 ITEM NO. 72 CHAIR LEVINSON: Motion carries.3 MR. MacFADDEN: Thank you.4 MS. FAUNTLEROY: Thank you, Glenn.5 CHAIR LEVINSON: Thank you.6 MS. FAUNTLEROY: Item No. 8 is the7 consideration of the initial application of8 Brian T. DeWitt for a casino key employee9 license.

10 Mr. DeWitt was issued a temporary key11 license on March 1, 2017. The matter was12 remanded by the Commission at its August 913 public meeting. Thereafter, a prehearing14 conference was held on August 23, at which time15 the Division withdrew its objection based on a16 satisfactory prehearing conference. And a17 supplemental report recommending licensure be18 granted has been filed.19 The matter is before you today for your20 consideration. Staff does concur and21 recommends that the license be granted.22 Mr. Biscieglia is here for the Division.23 CHAIR LEVINSON: Thank you.24 MR. BISCIEGLIA: Good morning, Chairman25 and Commissioners.



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1 ITEM NO. 72 CHAIR LEVINSON: Good morning.3 MR. BISCIEGLIA: Brian Biscieglia for4 the Division.5 As showed in our September 20th amended6 letter report, the Petitioner, Mr. DeWitt, has7 satisfied the outstanding financial obligations8 that caused the Division to request a9 conference in this matter. There are no

10 further outstanding licensure issues.11 The Division will answer any questions12 you may have.13 Thank you.14 CHAIR LEVINSON: Thank you.15 Commissioners, any questions?16 (No response.)17 CHAIR LEVINSON: Is there a motion?18 VICE CHAIR HARRINGTON: I move that we19 grant the initial application of Brian T.20 DeWitt for a casino key employee license.21 CHAIR LEVINSON: Thank you.22 Is there a second?23 COMMISSIONER COOPER: I'll second that.24 CHAIR LEVINSON: All those in favor?25 (Ayes.)

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1 ITEM NO. 92 CHAIR LEVINSON: Opposed?3 (No response.)4 CHAIR LEVINSON: Motion carries.5 MS. FAUNTLEROY: Item No. 9 is the6 plenary qualification of Andrew G. Hagopian,7 III, to serve as Chief Corporate Counsel of MGM8 Resorts International.9 Mr. Hagopian was granted temporary

10 qualification by the Commission at its March 8,11 2017, meeting and now before you for plenary12 qualification.13 I'll have counsel enter their14 appearances.15 MR. MADAMBA: Good morning, Chairman16 Levinson, members of the Commission. Patrick17 Madamba. I'm Vice President and Legal Counsel18 of Destron, Inc., which is a subsidiary of MGM19 Resorts international, on behalf of Mr.20 Hagopian and the company.21 CHAIR LEVINSON: Thank you.22 MS. RICHARDSON: Good morning again.23 Tracy Richardson for the Division of Gaming24 Enforcement.25 CHAIR LEVINSON: Thank you.

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1 ITEM NO. 92 Proceed.3 MR. MADAMBA: We've read the draft4 resolution, and we agree upon it in form and5 substance.6 Also, this is for all the marbles since7 Mr. Hagopian is my new boss.8 (Laughter.)9 CHAIR LEVINSON: Miss Richardson?

10 MS. RICHARDSON: You have our letter11 report recommending the plenary qualification12 of Mr. Hagopian.13 We've also reviewed the draft resolution14 and have no objections.15 Thank you.16 CHAIR LEVINSON: Thank you.17 Commissioners, any question for either18 counsel?19 (No response.)20 CHAIR LEVINSON: Hearing none, I'll21 entertain a motion.22 COMMISSIONER COOPER: Mr. Chairman, I23 move to adopt the draft resolution and find24 Andrew G. Hagopian, III, qualified to serve as25 Chief Corporate Counsel of MGM Resorts

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1 ITEM NO. 102 International subject to the conditions3 contained in NJSA 5:12-85.1c and d, NJSA4 5:12-89b(1) and (2), and NJAC 13:69C-2.7.5 CHAIR LEVINSON: Thank you.6 Is there a second?7 VICE CHAIR HARRINGTON: Second.8 CHAIR LEVINSON: Any other discussion?9 (No response.)

10 CHAIR LEVINSON: This is a roll call11 vote.12 MS. FAUNTLEROY: Commissioner Cooper?13 COMMISSIONER COOPER: Yes.14 MS. FAUNTLEROY: Vice Chair Harrington?15 VICE CHAIR HARRINGTON: Yes.16 MS. FAUNTLEROY: And Chairman Levinson?17 CHAIR LEVINSON: Yes.18 MS. FAUNTLEROY: I totally gave him a19 southern pronunciation of his name.20 MR. MADAMBA: I'm just glad I get paid21 again this Friday.22 (Laughter.)23 MS. FAUNTLEROY: Item No. 10 is the24 plenary qualification of Uri Clinton to serve25 as Senior Vice President, Legal Counsel of MGM



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1 ITEM NO. 10

2 Resorts International.

3 Mr. Clinton was granted temporary

4 qualification by the Commission at its March 8

5 meeting, and the matter now is for your plenary

6 qualification.

7 For the record again.

8 MR. MADAMBA: Good morning. Pat Madamba

9 on behalf of Mr. Clinton and the company.

10 We've read the draft resolution, and

11 it's acceptable in form and substance.

12 CHAIR LEVINSON: Thank you.

13 Miss Richardson?

14 MS. RICHARDSON: Thank you again.

15 Tracy Richardson for the Division of

16 Gaming Enforcement.

17 You have our report recommending Mr.

18 Clinton's plenary qualification. We've also

19 reviewed the draft resolution and have no

20 objections.

21 Thank you.

22 CHAIR LEVINSON: Thank you.

23 Commissioners, any question for counsel?

24 (No response.)

25 CHAIR LEVINSON: Entertain a motion.

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1 ITEM NO. 102 VICE CHAIR HARRINGTON: I move that we3 draft -- that we adopt the draft resolution and4 find Uri L. Clinton qualified to serve as5 Senior Vice President, Legal Counsel of MGM6 Resorts International subject to the conditions7 contained in NJSA 5:12-85.1c and d, NJSA8 5:12-89b(1) and (2), and NJAC 13:69-2.7.9 CHAIR LEVINSON: 69C.

10 VICE CHAIR HARRINGTON: 69C-2.7.11 CHAIR LEVINSON: Thank you.12 Is there a second?13 COMMISSIONER COOPER: I'll second that.14 CHAIR LEVINSON: Any questions or15 comments?16 VICE CHAIR HARRINGTON: Thank you.17 CHAIR LEVINSON: This is a roll call18 vote.19 MS. FAUNTLEROY: Commissioner Cooper?20 COMMISSIONER COOPER: Yes.21 MS. FAUNTLEROY: Vice Chair Harrington?22 VICE CHAIR HARRINGTON: Yes.23 MS. FAUNTLEROY: And Chairman Levinson?24 CHAIR LEVINSON: Yes.25 MS. FAUNTLEROY: Thank you.

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1 ITEM NO. 112 And the last MGM matter is that of3 Joseph B. Kilroy to serve as Director of MGM4 Resorts International.5 Again, Mr. Kilroy to serve as Director6 of MGM Resorts International. Again, Mr.7 Kilroy was temp qualified at the March 8, 2017,8 meeting and now before you as a plenary9 qualification.

10 Same counsel of record.11 CHAIR LEVINSON: Thank you.12 MR. MADAMBA: Good morning.13 We've read the resolution, and it's fine14 in form and substance.15 Thank you.16 CHAIR LEVINSON: Thank you.17 Miss Richardson?18 MS. RICHARDSON: Thank you.19 We've also recommended the plenary20 qualification of Mr. Kilroy, and we've reviewed21 the draft resolution and have no objections.22 Thank you.23 CHAIR LEVINSON: Thank you.24 Commissioners, questions for either25 counsel?

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1 ITEM NO. 112 (No response.)3 CHAIR LEVINSON: Entertain a motion.4 COMMISSIONER COOPER: Mr. Chairman, I5 move to adopt the draft resolution and find6 John B. Kilroy, Jr., qualified to serve as7 Director of MGM Resorts International subject8 to the conditions contained in NJSA 5:12-85.1c9 and d, NJSA 5:12-89b(1) and (2), and NJAC

10 13:69C-2.7.11 CHAIR LEVINSON: Is there a second?12 VICE CHAIR HARRINGTON: Second.13 CHAIR LEVINSON: This is a roll call14 vote.15 MS. FAUNTLEROY: Commissioner Cooper?16 COMMISSIONER COOPER: Yes.17 MS. FAUNTLEROY: Vice Chair Harrington?18 VICE CHAIR HARRINGTON: Yes.19 MS. FAUNTLEROY: And Chairman Levinson?20 CHAIR LEVINSON: Yes.21 MS. FAUNTLEROY: Thank you.22 MR. MADAMBA: Thank you.23 MS. RICHARDSON: Thank you.24 CHAIR LEVINSON: Thank you.25 MS. FAUNTLEROY: Item No. 12 is the



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1 ITEM NO. 122 Petition of Tropicana Atlantic City Corp. for3 qualification of new holding companies and4 national -- natural person qualifiers of5 Tropicana Atlantic City Corp. and other relief6 pursuant to NJSA 5:12-85.1.7 This matter came to you by way of8 Petition filed on September 22 by Tropicana9 Atlantic City Corp. seeking a ruling, finding

10 certain holding companies and several natural11 person qualifiers qualified in connection with12 the transfer of securities as was detailed in13 the Petitioner's Petition.14 Through separate petition filed same15 date, the Petitioners sought a ruling from the16 Division Director designating the necessary17 holding companies and natural persons18 qualifiers required in connection with that19 transaction.20 Pursuant to that authority, the21 designated holding company qualifies are22 American Entertainment Property Corp. and Ichan23 Building, LLC. And designating Keith Cozza and24 SungHwan Cho as natural person qualifiers.25 Before you are counsel to address the

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1 ITEM NO. 122 relief requested.3 CHAIR LEVINSON: Please enter your4 appearance.5 MR. AGNELLINI: Good morning, Mr.6 Chairman, members of the Commission. Pacifico7 Agnellini on behalf of Tropicana Atlantic City8 Corp.9 CHAIR LEVINSON: Thank you.

10 MS. BEN-DAVID: Good morning, Chairman11 and Commissioners. Sara Ben-David appearing on12 behalf of the Division of Gaming Enforcement.13 CHAIR LEVINSON: Thank you.14 Mr. Agnellini?15 MR. AGNELLINI: Good morning. Before16 you is a petition seeking qualification of new17 holding companies and natural person qualifiers18 in connection with the reconfiguration of the19 ownership of the Tropicana. Basically what Mr.20 Icahn has done is, he's taken his ownership of21 Tropicana and moved it from one string of22 entities over to another string of entities.23 The entities that are now the holding companies24 and the natural person qualifiers of those25 entities were all previously qualified in

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1 ITEM NO. 122 connection with his ownership of Trump Taj3 Mahal. So this is just moving that interest4 from basically one side of this organizational5 chart over to another to previously qualified6 entities.7 We've reviewed the resolution, and we8 would ask that you approve that transfer of the9 new company and national person qualifiers.

10 CHAIR LEVINSON: Thank you.11 MS. BEN-DAVID: Well, as has been12 reviewed by Counsel, on September 28th, the13 Division filed a letter report recommending14 that the Commission find American Entertainment15 Properties Corp. and Icahn Building, LLC,16 qualified as the new holding companies for17 Tropicana.18 Again, as has been reviewed already,19 these companies are new to Tropicana Atlantic20 City Corp. but they are not new the Commission.21 They've been previously qualified by the22 Division as holding companies for another23 corporate casino licensee, Trump Taj Mahal24 Associates, LLC. Mr. Cozza and Mr. Cho are not25 new at all. They are currently qualifiers for

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1 ITEM NO. 122 Tropicana.3 The Division recommends that you find4 these companies and that you recognize the5 natural persons qualifiers remain qualified.6 I've reviewed the draft resolution in7 this matter and have no objection.8 CHAIR LEVINSON: Thank you.9 Commissioners, any questions for either

10 counsel?11 (No response.)12 CHAIR LEVINSON: I'll entertain a13 motion.14 VICE CHAIR HARRINGTON: Mr. Chairman, I15 move that we adopt the draft resolution and16 grant the relief requested in the Petition and17 find American Entertainment Properties Corp.18 and Ichan Building, LLC, qualified as new19 holding companies of Tropicana Atlantic City20 Corp. pursuant to NJSA 5:12-85.1(a); and21 further find that Keith Cozza and SungHwan Cho,22 individual qualifiers of the two new holding23 companies, have previously been found24 qualified, remain qualified.25 CHAIR LEVINSON: Thank you.



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1 ITEM NO. 132 Is there a second?3 COMMISSIONER COOPER: I'll second that.4 CHAIR LEVINSON: This is a roll call5 vote.6 MS. FAUNTLEROY: Commissioner Cooper?7 COMMISSIONER COOPER: Yes.8 MS. FAUNTLEROY: Vice Chair Harrington?9 VICE CHAIR HARRINGTON: Yes.

10 MS. FAUNTLEROY: And Chairman Levinson?11 CHAIR LEVINSON: Yes.12 MS. FAUNTLEROY: Thank you.13 MR. AGNELLINI: Thank you.14 MS. BEN-DAVID: Thank you.15 CHAIR LEVINSON: Thank you.16 MS. FAUNTLEROY: Item No. 13 is the17 Amended and Restated Petition of DGMB Casino18 LLC, Resorts International, LLC, and their19 holding companies for qualification pursuant to20 NJSA 5:12-85.1 and approval pursuant to NJSA21 5:12-105f.22 This matter came to your attention23 through a petition filed on August 29, 2017,24 which was amended and restated on September 29,25 2017, by casino licensees DGMB, also known as

31

1 ITEM NO. 132 Resorts, and Resorts Digital, seeking rulings3 from the Commission approving the transfer of4 an ownership interest in holding company JEMB5 Resorts held by two Bailey Family 20106 Grandchildren's Trust to the Bailey Family,7 1998 Grandchildren's Trust, and to further find8 the 1998 Trust qualified as a new entity9 qualifier and find Ester Jerome qualified as a

10 trustee of the 1998 Trust.11 Counsel is here to present the matter to12 you.13 CHAIR LEVINSON: Thank you.14 MS. KAUFMAN: Good morning. Lynne15 Kaufman, Cooper Levenson, on behalf of the DGMB16 and Resorts Digital.17 As mentioned by the General Counsel, as18 you are aware, certain interests in DGMB and19 Resorts Digital are indirectly held by certain20 Bailey Family Trust. The petition that was21 filed -- and therefore, the Bailey Family Trust22 and their trustees are currently qualified.23 The Petition before you seeks approval24 to transfer the majority of the interests of --25 indirect interest of DGMB and Resorts Digital

32

1 ITEM NO. 132 from a current 2010 Trust to a 1998 Trust.3 Therefore, the 1998 Trust and the trustee are4 required to be qualified.5 The Division has investigated the 19986 Trust and the trustee and has not objected to7 their qualification. Therefore, we're asking8 for approval for the transfer.9 Thank you.

10 CHAIR LEVINSON: Thank you.11 MR. LOLLI: Good morning, Chairman,12 Commissioners. David Lolli, Deputy Attorney13 General, on behalf of the Division of Gaming14 Enforcement.15 The Division has reviewed the Petition16 and the Amended Petition and the relief sought.17 The Director of the Division determined that18 the 1998 Bailey Family Trust be designated as19 an entity qualifier and Ester Jerome be20 designated as a qualifier of the trust.21 The Division has completed its22 investigation in this matter and submitted two23 reports dated October 23rd, 2017, one regarding24 the Trust itself and one recording the Ester25 Jerome. As set forth in those reports, our

33

1 ITEM NO. 132 recommendation is to grant the relief3 requested.4 Thank you.5 CHAIR LEVINSON: Thank you.6 I'm sorry. My sideways -- my whole7 agenda turned sideways on my computer so --8 (Laughter.)9 MS. KAUFMAN: I thought it was too short

10 for you to read.11 CHAIR LEVINSON: I'm sorry. It's hard12 to read. I don't know how to get it back up.13 So, commissioners, any questions for14 counsel?15 VICE CHAIR HARRINGTON: No.16 CHAIR LEVINSON: Is there a motion?17 COMMISSIONER COOPER: Mr. Chairman, I18 move to adopt the draft resolution and grant19 the relief requested in the Petition and find20 the Bailey Family 1998 Grandchildren's Trust21 qualified as an entity qualifier of DGMB22 Casino, LLC, and Resorts Digital, LLC, pursuant23 to NJSA 5:12-85.1a; and further find Ester24 Jerome qualified as a trustee of the Bailey25 Family 1998 Grandchildren's Trust pursuant to



34

1 ITEM NO. 132 NJSA 5:12-89.1(a) and (c); and further approval3 the transfer of the two Bailey Family 20104 Grandchildren's Trust membership interest in5 holding company JEMB Resorts, LLC, to the6 Bailey Family 1998 Grandchildren's Trust in7 accordance with NJSA 5:12-105f.8 CHAIR LEVINSON: Thank you.9 Is there a second?

10 VICE CHAIR HARRINGTON: Second.11 MS. FAUNTLEROY: There was -- there's a12 correction on the citation in the second -- as13 to Jerome's qualification, 85.1. Commissioner14 Cooper said "89."15 CHAIR LEVINSON: Okay. So make that16 correction? 85?17 MS. FAUNTLEROY: Uh-hum. 85.1a.18 COMMISSIONER COOPER: Sorry.19 MS. FAUNTLEROY: That's okay.20 CHAIR LEVINSON: Any discussions?21 (No response.)22 CHAIR LEVINSON: This is a roll call23 vote.24 MS. FAUNTLEROY: Commissioner Cooper?25 COMMISSIONER COOPER: Yes.

35

1 ITEM NO. 132 MS. FAUNTLEROY: Vice Chair Harrington?3 VICE CHAIR HARRINGTON: Yes.4 MS. FAUNTLEROY: And Chairman Levinson?5 CHAIR LEVINSON: Yes.6 I couldn't see that. I was going7 sideways.8 (Laughter.)9 VICE CHAIR HARRINGTON: That's why

10 sometimes it's good to have the old-fashioned11 paper.12 CHAIR LEVINSON: We're going13 computerized. We're getting digital.14 MS. FAUNTLEROY: You guys are done.15 MS. KAUFMAN: Thank you.16 And I do also -- I know that it might17 not look that I waited to see if you actually18 approved it, but I do want to thank the19 Division and the Commission on behalf of Mr.20 Bailey for their cooperation. There was a21 short time frame to get everything done, and we22 very much appreciate it.23 CHAIR LEVINSON: Thank you.24 MR. LOLLI: Thank you.25 MS. FAUNTLEROY: In accordance with

36

12 Resolution 16-12-07-03, the next closed session3 will be held on Wednesday, November 1, 2017, at4 9:30 a.m. in the Commission offices.5 CHAIR LEVINSON: Thank you.6 This is the public participation part of7 the meeting. Anyone from the public wish to be8 heard?9 (No response.)

10 CHAIR LEVINSON: Seeing none, this part11 is now closed.12 Is there a motion to adjourn?13 VICE CHAIR HARRINGTON: So moved.14 CHAIR LEVINSON: Second.15 COMMISSIONER COOPER: I'll second that.16 CHAIR LEVINSON: All those in favor?17 (Ayes.)18 CHAIR LEVINSON: Opposed?19 (No response.)20 CHAIR LEVINSON: Meeting adjourned.21 Thank you very much. Enjoy the week.22 (Public meeting 17-10-11 was adjourned23 at 11:04 a.m.)2425

37

1 C E R T I F I C A T E23 I, DARLENE SILLITOE, a Certified Court4 Reporter and Notary Public of the State of New Jersey,5 certify that the foregoing is a true and accurate6 transcript of the proceedings.7 I further certify that I am neither8 attorney, of counsel for, nor related to or employed9 by any of the parties to the action; further that I am

10 not a relative or employee of any attorney or counsel11 employed in this case; nor am I financially interested12 in the action.131415161718 ------------------------19 DARLENE SILLITOE, CCR20 License No 30XI01023002122 Dated: October 16 , 201723 My Notary Commission Expires24 December 9, 201925 ID No 50006932


Page 38


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part36:6,10participation36:6

parties 37:9passed 15:22Pat10:24 22:8Patrick 3:4,73:11 19:16

permitted 6:14Perry 5:9 16:6person 5:1926:4,11,2427:17,2428:9

persons 26:1729:5

Peter 5:8 16:5petition 5:185:21 26:2,8

26:13,1427:16 29:1630:17,2331:20,2332:15,1633:19

Petitioner18:6

Petitioner's26:13

Petitioners26:15

Philip 4:14phones 6:18photographs6:15

placed 14:1715:24

please 6:247:4,5 27:3

Pledge 6:24plenary 5:125:14,16 19:619:11 20:1121:24 22:522:18 24:824:19

portion 7:20prehearing17:13,16

present 2:431:11

presented10:21

President 5:1519:17 21:2523:5

press 6:14previously27:25 28:528:21 29:23

Prior 9:17PRN5:20,23Proceed 20:2proceedings37:6

prohibited6:19

pronunciation21:19

Properties28:15 29:17

Property 26:22proposed 11:20public 1:5,112:5 4:1,45:2 6:1,5,76:8,18,207:20 14:417:13 36:6,736:22 37:4

pursuant 4:125:20,22,2316:17 26:626:20 29:2030:19,2033:22,25

Qqualification4:11 5:12,145:16,18,2210:20 11:1912:4,20 19:619:10,1220:11 21:2422:4,6,1824:9,20 26:327:16 30:1932:7 34:13

qualified20:24 23:424:7 25:626:11 27:2528:5,16,2129:5,18,2429:24 31:8,931:22 32:433:21,24

qualifier 31:932:19,2033:21

qualifiers5:19 26:4,1126:18,2427:17,2428:9,25 29:529:22

qualifies26:21

question 20:1722:23

questions 8:229:25 12:9,2514:22 16:1118:11,1523:14 24:2429:9 33:13

Quinones 14:5

RR2:1 3:1 4:95:5 16:237:1

ratification4:4 7:19,23

ratify 8:2read6:4 20:322:10 24:1333:10,12

received 8:15recited 7:2recognize 29:4recommend 8:19recommenda...8:18 33:2

recommended24:19

recommending17:17 20:1122:17 28:13

recommends9:22 14:1916:7 17:2129:3

reconfigur...27:18

record 7:5


22:7 24:10recording32:24

regarding 12:316:11 32:23

regulation16:18

REGULATORY 2:9related 37:8relative 37:10relief 5:2014:20 15:426:5 27:229:16 32:1633:2,19

remain 29:5,24remaining 9:199:23

remanded 17:12RENZI 1:19Reo4:8report 17:1718:6 20:1122:17 28:13

reported 8:179:21

Reporter 1:1737:4

REPORTERS 1:20reports 32:2332:25

request 10:2218:8

requested14:17,2015:4,24 27:229:16 33:333:19

requests 4:1314:8

required 13:1926:18 32:4

requirements12:19

resolution4:12 20:4,13

20:23 22:1022:19 23:324:13,2125:5 28:729:6,1533:18 36:2

Resorts 3:4,83:11,15,185:13,15,175:21 19:8,1920:25 22:223:6 24:4,625:7 30:1831:2,2,5,1631:19,2533:22 34:5

response 8:98:24 9:1210:3,1512:11 13:314:24 15:1216:13,2518:16 19:320:19 21:922:24 25:229:11 34:2136:9,19

Restate 5:21restated 12:1530:17,24

resubmission11:17 12:414:16 15:23

resubmitted4:6 9:1510:7

review 13:1814:12 15:1815:22

reviewed 8:189:21 11:2020:13 22:1924:20 28:728:12,1829:6 32:15

Richard 4:19

Richardson2:11 3:2,6,910:25 11:1011:11,2512:2 13:1319:22,2320:9,1022:13,14,1524:17,1825:23

roll13:421:10 23:1725:13 30:434:22

Roman 14:6room1:11 6:19ROTHSCHILD 3:33:7,10

ruling 26:9,15rulings 31:2

SS3:1 4:1010:19 12:17

Salute 7:2Santiago 4:20Sara2:12 3:1327:11

satisfactory17:16

satisfied 18:7schedule 6:12Scheinthal4:10 10:1910:25 11:1812:17,18

Scheinthal's12:3

SCHRECK 3:143:20

Schultz 4:58:13,15

Schultz's 9:4second 8:4,59:7,8 10:1010:11 12:23

12:24 15:7,816:20,2118:22,2321:6,7 23:1223:13 25:1125:12 30:2,334:9,10,1236:14,15

Secretary 2:76:10

securities26:12

see35:6,17Seeing 36:10seeking 26:927:16 31:2

seeks 31:23Senator 6:7Senior 5:1521:25 23:5

separate 26:14September 4:44:12 7:16,208:2 13:1614:4 18:526:8 28:1230:24

seq5:20serve 5:13,155:17 19:720:24 21:2423:4 24:3,525:6

session 7:137:17 36:2

set32:25settlement12:16

SHARON 2:3short 33:935:21

showed 18:5side28:4sideways 33:633:7 35:7

signed 12:3


Sillitoe 1:1737:3,19

sorry 33:6,1134:18

sought 26:1532:16

southern 21:19staff 9:2214:19 16:717:20

stand 6:24State 1:1,226:10,11 37:4

statement 6:4Stephen 4:7Stephens 5:916:6

Steven 4:1010:18 12:17

Stevenson 4:18stipulation11:21 12:312:16,21

string 27:2127:22

Su4:8subject 12:2021:2 23:625:7

submitted 12:632:22

subscribers6:13

subsequent14:3

subsidiary19:18

substance 20:522:11 24:14

SUITE 1:22SungHwan 26:2429:21

SUPERVISOR 2:9supplemental17:17

TT2:9 5:1017:8 18:1937:1,1

Taj28:2,23take6:15taken 27:20TEL1:24temp24:7temporary 8:1514:2 17:1019:9 22:3

ten15:21 16:816:16

Tennessee 1:12Teti4:9thank 7:12,228:3,11,219:6,14,2410:9,17 11:311:14,23,2412:7,8,2213:12,13,2114:7,14,2115:6,14,2016:10,1917:3,4,5,2318:13,14,2119:21,2520:15,1621:5 22:1222:14,21,2223:11,16,2524:11,15,1624:18,22,2325:21,22,2325:24 27:927:13 28:1029:8,2530:12,13,1430:15 31:1332:9,10 33:433:5 34:835:15,18,2335:24 36:536:21

Thomas 4:15thought 33:9three 13:25time13:2017:14 35:21

Tkachyk 4:9today 17:19TOLL1:24totally 21:18Tracy 2:11 3:23:6,9 10:2511:11 19:2322:15

transaction26:19

transcript37:6

transfer 26:1228:8 31:3,2432:8 34:3

Trenton 1:236:11

Tropicana 5:185:19 26:2,526:8 27:7,1927:21 28:1728:19 29:229:19

true37:5Trump 28:2,23trust 31:6,7,831:10,20,2132:2,2,3,632:18,20,2433:20,2534:4,6

trustee 31:1032:3,6 33:24

trustees 31:22Tu4:8turned 33:7two29:22 31:532:22 34:3

UUh-hum 34:17

Uri5:14 21:2423:4

use6:18

VV4:20Vaughn 4:21Vice2:3 5:157:8,9,25 9:810:6 12:2413:8,9 15:316:21 18:1819:17 21:721:14,15,2523:2,5,10,1623:21,2225:12,17,1829:14 30:8,933:15 34:1035:2,3,936:13

Victor 4:18VIDEOGRAPHERS1:20

vote4:3 5:313:5 21:1123:18 25:1430:5 34:23

WW2:5,7 3:2,53:9,12,16

WAGENHEIM 3:17waited 35:17want35:18Ward4:21way26:7we're 32:735:12,13

we've 8:1820:3,1322:10,1824:13,19,2028:7

Wednesday 1:936:3


week36:21William 5:916:6

wish6:20 36:7withdrew 17:15www.renzia...1:25

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1 STATE OF NEW JERSEY 2 CASINO CONTROL COMMISSION 8 … · 3 Public Hearing No. 17-10-11 October...

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Transcript of 1 STATE OF NEW JERSEY 2 CASINO CONTROL COMMISSION 8 … · 3 Public Hearing No. 17-10-11 October...