The Nevada Gaming Control Board has issued its preliminary approval to New York-based GameCo LLC for what GameCo calls the “Video Game Casino,” a portfolio of the supplier’s skill-based “video-game gambling machines,” or VGMs.
GameCo’s skill games, which use controllers and other means to recreate the experience of home and arcade video games, were first launched in New Jersey. The gaming board approval is actually a recommendation of approval on the series of licenses. The applications now go to the Nevada Gaming Commission for final approval, which is expected this Thursday, February 28.
Licenses recommended for approval were for CEO Blaine Graboyes (his legal last name on the state application is Goldman), board Chairman Robert Montgomery, Director Seth Schorr and Mash3 Separate Property Trust as GameCo shareholders. The board also approved licensing of dozens of non-voting shareholders with less than 5 percent company control.
It was recommended that Graboyes’ individual licensing be conditioned for two years after board members questioned his treatment of tax liabilities from years ago and his failure to report lawsuits and liens resulting from those liabilities during his licensing suitability investigation.
