In 1976, New Jersey voters passed a referendum to legalize casino gaming in Atlantic City. In 1977, the New Jersey Casino Control Act was signed into law, which approved casino gaming in Atlantic City.
In 1977, Bally’s was interviewing law firms to be its outside legal counsel. This Firm won the “beauty contest” (Clive Cummis and Stanley Tannenbaum appearing) to represent Bally’s. At the time, Bally’s was only interested in interviewing law firms with 25 or more attorneys. The Firm had exactly 25 attorneys. The Firm represented Bally’s in becoming a licensed casino operator in Atlantic City; the casino was known as Park Place and, after Resorts International, it was the second casino licensed to operate in Atlantic City.
Winning the Bally’s beauty contest was a watershed event for the Firm. The Firm continued growth in a number of practices afterward including real estate, corporate, gaming and more.
For several decades, the Firm has been involved in all aspects of the gaming industry, including representation in becoming a licensed casino operator, drafting amendments to the New Jersey Casino Control Act, structuring ground leases for casinos, obtaining regulatory approvals for financial restructurings and preparing SEC disclosure documents, among others. From 1998 to 2002, Clive Cummis also served as Vice President and General Counsel of Bally’s Park Place in Atlantic City and Las Vegas.
Since its founding, the Firm has operated at the intersection of law, public policy, business and government.