Gilbert L. Brooks

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Gilbert L. Brooks practices in the areas of litigation, gaming law, criminal law, regulatory law and employment law.

Mr. Brooks is a 1985 graduate of Widener Law School, Delaware and a graduate of Swarthmore College.

Areas of Practice

  • Commercial Litigation

Representative Matters

  • Represented Prepaid Network Inc. in obtaining an approval from the New Jersey Division of Gaming Enforcement for the launch of a product known as WYRZ, a virtual Visa card used for funding iGaming accounts.
  • Represented Tropicana Entertainment Inc. in entering into a Management Agreement pursuant to which it would manage the Trump Taj Mahal Casino Hotel and provide consulting services relating to the former Plaza Hotel and Casino in Atlantic City, New Jersey. Representation also includes formation of TEI Management Services LLC and the pursuit of required gaming regulatory approvals.
  • Represented NYX Gaming Group Limited in a $105 million financing, with the net proceeds from the offering, as well as a concurrent U.S. Private Placement, being used to fund a previously announced acquisition of all the shares of Amaya (Alberta) (f/k/a Chartwell Technology) and Cryptologic Limited.
  • Represented NYX Gaming Group Limited in its acquisition of the entire issued share capital of Game360 Srl, an Italian internet gaming company.
  • Obtained on behalf of Resorts Casino Hotel, in partnership with SNG Interactive, the necessary approvals to launch an online casino - www.ResortsCasino.com - on an innovative iGaming platform compatible with mobile devices and desktops.
  • Represented secured lender, as the debtor-in-possession lender, in obtaining Bankruptcy Court approval and funding of a property tax settlement agreement by the Revel Casino Hotel with the City of Atlantic City, which resulted in a tax payment of $26 million to the City, but a savings to Revel, and ultimately the client as the first lien holder, of over $7 million.
  • Represented NYX Gaming Group in its acquisition of OnGame Network Limited and OnGame Services AB from Amaya Gaming Group. The acquisition provides NYX Gaming Group with a poker platform and gives them an amplified presence in the New Jersey Internet gaming market.
  • Represented NYX Gaming Group in its initial public offering on the Toronto Stock Exchange, including handling all gaming regulatory due diligence and authoring both a gaming regulatory opinion letter and a corporate opinion letter.
  • Represented Sportech-NYX Gaming, LLC, a joint venture between an indirect wholly owned subsidiary of Sportech PLC and a subsidiary of NYX Gaming Group Limited, in negotiating an agreement to provide a new online gaming platform to the Atlantic City-based Resorts Casino Hotel.
  • Represent Sportech PLC in joint venture with NYX Gaming Group Limited to provide online products and services in the United States for social and pay-to-play gaming. As gaming regulation evolves, the joint venture will be able to offer a full suite of gaming products including bingo, casino, poker, slots and other games to potential licensees using the NYX platform. These include Sportech’s racetrack and casino partners across the United States.
  • Represented Scientific Games Corporation in its acquisition of WMS Industries Inc., combining leading businesses offering lottery games, gaming machines and game content, systems, sports betting technology, and social, mobile and interactive content and services.
  • Represents RIH Acquisitions NJ, LLC, which owns and trades as the Atlantic Club Casino Hotel, as special counsel for gaming regulatory matters, in the casino operator’s Chapter 11 bankruptcy proceedings.
  • Represented Sportech PLC in the acquisition of eBet Online Inc. by its wholly-owned subsidiary, Sportech, Inc.
  • Represented the effective owners of the Atlantic Club Casino Hotel in obtaining a dissolution of an ex parte temporary restraining order (TRO) concerning a Membership Interest Purchase Agreement involving an entity affiliated with a company that does business as PokerStars.
  • RIH Acquisitions NJ, LLC v. City of Atlantic City - Obtained on behalf of Atlantic Club Casino Hotel a tax credit in the approximate amount of $19.44 million in the settlement of a tax assessment litigation case.
  • Handled on behalf of Icahn Partners LP, for its first-lien financing of multiple casino properties in New Jersey, all of the real-estate elements of the plan of reorganization in the chapter 11 proceedings of Trump Entertainment Resorts, Inc.
  • Represented Icahn Partners LP, as plan proponent and first-lien lender, in a chapter 11 proceeding and related adversarial matters involving Trump Entertainment Resorts, Inc. The proceedings, which also involved needed gaming regulatory approvals, culminated in a global settlement that resolved all outstanding disputes involving Icahn Partners LP and provided it with a $125 million pay-down of the existing first-lien debt, an increase in the amount of the restated first-lien debt by $12.5 million to $346.5 million at an interest rate of 12 percent, and $15 million in fees.

Admissions

  • New Jersey

Education

  • Widener University School of Law, Delaware, J.D., 1985
  • Swarthmore College, B.A., 1979

Professional Activities

  • New Jersey State Bar Association
    - Environmental Law Section
    - Land Use Planning Section
    - Antitrust Law Section
    - Casino Law Section
  • Camden County Bar Association
  • Association of Trial Lawyers of America
  • National Association of Criminal Defense Lawyers
  • International Association of Gaming Advisors
    - Member, Regulator Relations Committee

Honors and Awards

  • Listed in Super Lawyers, Corporate Counsel Edition, 2010
  • Strathmore's Who's Who Registry of Business Leaders, 1996-1997

No aspect of these rankings has been approved by the Supreme Court of New Jersey. Further information on methodologies is available via these links.

Civic and Charitable Activities

  • Who's Who in the Republican Party
    - Charter Member
  • American Football Coaches Association
    - Allied Member
  • New Jersey Policemen's Benevolent Association
    - Honorary Lifetime Member

Selected Publications

Selected Speaking Engagements

  • Speaker, "AIRA's 31st Annual Bankruptcy & Restructuring Conference: Industries to Watch," Association of Insolvency & Restructuring (AIRA), June 5, 2015
  • Speaker, "Casino Law 2010: Game On!" New Jersey Institute for Continuing Legal Education's 2010 South CLEfest, Atlantic City, New Jersey, August 20, 2010