Gaming Industry Execs Secure Licenses from Nevada Gaming Commission

High-ranking officials employed by gambling operators across the United States often require licenses to hold specific roles. Such licenses are usually issued by the state’s gambling regulator and individuals that require licensing undergo an evaluation and assessment by the regulator. This evaluation includes compliance with the state and federal laws, as well as scrutiny when it comes to finances and other regulations.

Earlier this month, David Jennings, FanDuel’s chief financial officer, appeared in front of the Nevada Gaming Control Board for a licensing hearing. He was reportedly unanimously recommended for the licensing, allowing the process to continue before a final approval from the Nevada Gaming Commission.

Similarly, Ryan Walker, Legends Bay Casino’s general manager, was also recommended for approval earlier this month. In Walker’s case, a federal tax liability issue arose regarding a 2021 bonus, which is why he was recommended for a limited license.

Licenses Approved by the Nevada Gaming Commission

At the latest Nevada Gaming Control meeting, the two executives had their licenses approved, as announced by CDC Gaming Reports. The meeting, organized on Thursday, saw Jennings secure a license, although the gambling watchdog discussed a concerning case regarding a rival betting operator.

Commissioner Brian Krolicki spoke about a worrying story regarding a person that attempted to stop gambling but was brought back with lucrative bonuses. He asked Jennings about FanDuel’s responsible gaming policy, questioning how the operator discontinues promotions for customers who have decided to stop gambling. “There’s a fine line between providing entertainment, value, and the joy of it all and coaxing the dark side by encouraging activities that wouldn’t otherwise happen if not for encouragement through mobile activities,” said Krolicki.

Jennings responded that FanDuel is dedicated to offering responsible entertainment, adding that an ongoing goal for the company is to encourage the use of responsible gambling tools among its customer base. Moreover, he said that FanDuel has set a goal for 2030 to see some 75% of its player base using responsible gaming tools.

On the other hand, the Commission scrutinized Walker for the aforementioned tax liability in excess of $35,000. It found out that the required payment was settled with the IRS by Walker last week, ahead of the licensing meeting. In his defense, Walker said that he was surprised that he owed balance to the IRS.

Commissioner Oganna Brown said: “These are serious issues and with your leadership position, it’s important to keep your house in order, but it’s not sufficient for me to have a concern going forward that would require a limited licensure.” She added that she expects no further issues of such sort.

Besides Jennings and Walker, the Commission approved a license for David Horn, the general manager and VP of Durango Casino and Resort.