massachusetts gaming commission report investigative report re: east boston suffolk downs casino

7/27/2019 Massachusetts Gaming Commission Report Investigative Report Re: East Boston Suffolk Downs casino

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Entity Gaming-License Investigation: Sterling Suffolk Racecourse LLC 1

INVESTIGATIVE REPORT

FOR THE

MASSACHUSETTS GAMING

COMMISSION

APPLICANT:

Sterling Suffolk Racecourse, LLC

PRINCIPALS:

Joseph ODonnell

Richard Fields

October 18, 2013

Category 1 Gaming License


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Executive Summary

On January 15, 2013, Sterling Suffolk Racecourse, LLC (Applicant or SSR) filed an

application for a Category 1 gaming license with the Massachusetts Gaming Commission

(Commission). The proposed casino would be at the site of the Suffolk Downs racetrack in

East Boston. SSR and its affiliated entities submitted the requisite entity disclosure forms. A

table of organization for the Applicant and its various affiliates relating to the casino project is

attached as an exhibit to this report (Exhibit 1). In addition, numerous individuals submitted

Personal History Disclosure Forms as qualifiers of the Applicant and were subject to a thorough

background investigation. The reports on their individual qualifications are included herein.

The principal entity members of SSR include the Coastal Development Ownership Group

( ) and the ODonnell Group of Ownership Companies ( ). Caesars

Entertainment Corporation (Caesars or Company) holds a minority interest in the Applicant

through a subsidiary company, Caesars Massachusetts Investment Company LLC ( ),

and is engaged as the prospective manager and operator of the proposed casino project through

another subsidiary, Caesars Massachusetts Management Company LLC. Vornado Suffolk LLC,

a subsidiary of Vornado Realty Trust (Vornado), holds a membership interest inthe Applicant, but following its decision not to submit to regulatory filing requirements, Vornado

was required by the Commissions Investigations and Enforcement Bureau (IEB) to place its

entire interest in the Applicant into a divestiture trust. Upon divestiture, Vornado was deemed by

the Commission to no longer be a qualifying entity of the Applicant, however the trustee, Steven

Kidder was deemed to be a qualifier and required to submit to the background check process.

The entity members of the Applicant are:

Coastal Group Ownership ( )

o Coastal Development SSR LLC ( )

o Suffolk CCF LLC ( )

o Fisher WWCD Investors LLC ( )

o Sterling Racecourse Inc. ( )

ODonnell Group Ownership of


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o CS SSR Investor LLC ( )

o JJO Sterling Suffolk Inc. ( )

o Sixth Street Sterling LLC ( )

Dreamport Suffolk Corporation ( )

Ruane Family Trusts ( )o SSR Investment Trust I ( )

o SSR Investment Trust II ( )

Caesars Massachusetts Investment Company LLC ( )

MAR Suffolk LLC ( )

Hall Racecourse Properties, Inc. ( )

Vornado Suffolk LLC ( , held in trust by trustee Stephen Kidder, a Bostonattorney).

The IEB waived the qualification requirements for the non-voting entity members: SSR

Investment Trust I, SSR Investment Trust II, Dreamport Suffolk Corp., Hall Racecourse

Properties, and MAR Suffolk, all of which hold or less interest in the Applicant.

When the Applicant submitted its Business Entity Disclosure Form and table of

organization with its application on December 6, 2012, Suffolk CCF LLC, which is a member of

the Applicant, was owned by Coastal Development SSR and by Fisher

WWCD Investors LLC (Fisher). As a result of its ownership interest, Fisher was initially

designated as a qualifier of the Applicant, as were the individual owners of Fisher. On January

10, 2013, the Applicant advised the IEB that the structure of Suffolk CCF LLC had changed,

whereby that entity is now solely owned by Coastal Development SSR. Thus, Fisher is no longer

an owner of Suffolk CCF LLC, and therefore, was no longer required to qualify. As a result of

the restructuring, Fisher now is a direct owner of the Applicant. The holdings of

Suffolk CCF LLC in the Applicant were correspondingly reduced from to the current

interest. Significantly, Fisher does not appoint any members of the Board of the

Applicant.

In light of this restructuring, and Fishers minimal holdings below of the

Applicant, the IEB waived the qualification requirements for Fisher and removed the entity from

the list of qualifiers. Fisher is owned by members of the Fisher family and non-family members

of Fisher Brothers, a New York-based real estate and financial investment company. The IEB


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also waived the owners of Fisher, namely: Arnold Fisher, Kenneth Fisher, Steven Fisher,

Winston Fisher, Emily Landau, and 3MB Associates LLC.

The Applicant has a Board of Managers that serves in much the same way as a traditional

Board of Directors of a corporation. The individual board members are appointed by the votingmember entities that comprise the Applicant. The seven current managers and their respective

appointing entities are: William Mulrow, Chair, appointed by Sterling Racecourse Inc. (Coastal);

Joseph ODonnell, appointed by Sixth Street Sterling LLC (ODonnell); John Payne, appointed

by Caesars Massachusetts Investment Company (Caesars); Charles Morneau, appointed by a

plurality vote of the Major Members (ODonnell Group, Coastal Group and Vornado); John L.

Hall II, appointed by Coastal Development SSR LLC (Coastal); Robert Vincent, appointed by

Cambridge Suffolk LLC (ODonnell); and Stephen Kidder, the trustee of the Vornado divestiture

trust who replaced Clifford Broser, formerly the Vornado appointee to the Board of Managers,

on April 26, 2013. The officers of the Applicant are: John L. Hall II, President; Paul M. Chip

Tuttle, Chief Operating Officer; John Rizzo, Treasurer and Chief Financial Officer; and Charles

Baker, Secretary.

The Commission retained Spectrum Gaming Group LLC (Spectrum) to conduct a

suitability background investigation of the Applicant and its qualifiers. Spectrum acted as an

agent of the Commission for purposes of conducting the background investigations. Spectrum

conducted this examination in conjunction with the Massachusetts State Police and the

Commissions Investigations and Enforcement Bureau (IEB). Hereafter, the term

Investigators will be used for this collaborative effort.

In the course of this license investigation, the Investigators requested the production of

voluminous records and documents from SSR and its affiliates. Such requests for relevant

information were necessary in order to conduct the requisite, thorough background review. In all

respects, SSR was cooperative and compliant, dutifully providing updated information upon

request as the investigation progressed. Notably, the examination of the Applicants books and

records revealed no irregularities or improprieties. Moreover, all of the natural person qualifiers

were cooperative during this investigative process.

The following report is the result of the Investigators investigation of the Applicant and

its affiliated entities and natural person qualifiers. It includes an evaluation of the parent


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companies of Caesars, Apollo Global Management and TPG Capital LP. The review

encompassed an evaluation of the statutory licensing criteria, including good character, honesty

and integrity of the Applicant and the various qualifiers, as well as an evaluation of their

financial stability, integrity and responsibility.

The Investigators report expounds on four significant regulatory issues pertaining to

Caesars suitability:

A license agreement with Gansevoort Hotel Group

Engaging Mitchell Garber to head Caesars Interactive Entertainment

The Watanabe matter involving a high roller

Caesars present financial status

In addition, as detailed in the individual qualifier report section, there is concern relating

to Richard Fields ability to demonstrate his financial stability as a principal of the Coastal

Group. The issue relates to the fact that his net worth valuation is contingent upon the successful

awarding of a license to SSR. Apart from Fields, the investigation did not reveal any significant

derogatory information relating to any individual qualifiers or other entity qualifiers.

The first significant issue involves a licensing agreement which Caesars entered into,

through a subsidiary, Corner Investment Company LLC, with Las VegasGansevoort LLC, a subsidiary of Gansevoort Hotel Group (Gansevoort). One of the principals

of Gansevoort, Arik Kislin, has been the subject of considerable media and law enforcement

scrutiny over the past several years for alleged ties to Russian organized crime. Despite these

serious allegations, as revealed during Caesars due diligence review of the proposed transaction

and Kislins suitability, Caesars Compliance Committee approved the transaction and Caesars

ultimately determined to proceed with the license agreement. This issue is addressed in detail in

this investigative report.

The second significant issue pertains to the hiring of Garber to be the head of Caesars

Interactive Entertainment, Caesars subsidiary involved in the expanding world of Internet

gambling (or online gaming). Garber previously headed two companies, PartyGaming LLC

and Optimal Payments LLC, each of which entered into a non-prosecution agreement with the

United States Attorneys Office for the Southern District of New York. The non-prosecution


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agreements called for the forfeiture of substantial sums by each company. In turn, the USAO

agreed not to prosecute the companies for any crimes related to their internet gambling

businesses with U.S. customers.

The third significant issue involves Caesars conduct with respect to Terrance Watanabe,a high roller patron at Caesars Las Vegas properties who accrued millions of dollars in unpaid

markers in 2006-2007. Watanabe was charged criminally for the unpaid debt, and he sued

Caesars civilly, claiming Caesars encouraged him to gamble while intoxicated. The civil suit

ultimately settled, and the criminal case was dismissed. The episode touches on numerous

concerns, including the lengths to which casino operators will go to cater to high rollers and

problem gaming. The episode caused Caesars to review and revise its Compliance Program, as

described below.

The fourth significant issue relates to Caesars financial stability. As the Company

acknowledges, it is an extremely highly leveraged entity, with a current debt burden of $23.7

billion. The interest payments on that debt consume virtually of the Companys

current cash flow. Caesars is currently meeting its debt covenant requirements. However, should

the economy fail to recover sufficiently or if another downturn occurs, it could become difficult

for Caesars to meet its debt service and covenant requirements. Caesars has stated that if cash

flows and capital resources are insufficient to service their indebtedness, it may reduce or delay

capital expenditures, sell assets, seek additional capital, restructure, or refinance its indebtedness.

In an effort to address its financial situation, Caesars announced plans to transfer certain assets to

a new publicly traded company known as Caesars Growth Venture Partners. Financial analysts

have expressed concerns about this component of Caesars future operations.


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Contents

EXECUTIVE SUMMARY .................................................................................... 2

CONTENTS ....................................................................................................... 7

I. INTRODUCTION .......................................................................................... 23

II. SCOPE AND METHODOLOGY ................................................................... 26

III. APPLICANT STERLING SUFFOLK RACECOURSE LLC ............................... 32A. Corporate History ............................................................................................ 32

B. Ownership Structure ........................................................................................ 34

C. Regulatory History ........................................................................................... 36

D. Compliance ..................................................................................................... 37

1. Employee Code of Conduct............................................................................ 37

E. Litigation ......................................................................................................... 38

F. Wonderland Greyhound Park ............................................................................ 40G. Media Coverage .............................................................................................. 41

H. Financial Suitability .......................................................................................... 41

1. Financial Operating Results ......................................................................... 41a. Revenues and Income............................................................................................ 41b. Ratio Analysis ........................................................................................................ 41c. Cash Flows ............................................................................................................. 41d. Balance Sheet ........................................................................................................ 42e. Casino Project and the Forecasted Construction Budget .................................... 42

2. Conclusion as to Financial Stability .............................................................. 43

I. Natural Person Qualifiers ................................................................................... 44

1. Charles Aloysius Baker III ........................................................................... 45a. Qualifiers Name and Verified Information......................................................... 45b. Employment History .............................................................................................. 45c. Criminal Record .................................................................................................... 45d. Education ............................................................................................................... 46e. Professional and Gaming Licenses ....................................................................... 46f. Directorships and Stockholdings ........................................................................... 46g. Civil Litigation Records ......................................................................................... 47h. Bankruptcy ............................................................................................................ 47i. Property Ownership ................................................................................................ 47j. Financial Suitability Evaluation ............................................................................ 47k. Political Contributions .......................................................................................... 51l. Significant Investigative Issues .............................................................................. 52

m. References ............................................................................................................. 52n. Media Coverage ..................................................................................................... 52o. Conclusion ............................................................................................................. 52

2. John Loomer Hall II ....................................................................................... 53a. Qualifiers Name and Verified Information......................................................... 53b. Employment History .............................................................................................. 53c. Criminal Record .................................................................................................... 53d. Education ............................................................................................................... 54


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e. Professional and Gaming Licenses ....................................................................... 54f. Directorships and Stockholdings ........................................................................... 54g. Civil Litigation Records ......................................................................................... 56h. Bankruptcy ............................................................................................................ 59i. Property Ownership ................................................................................................ 59j. Financial Suitability Evaluation ............................................................................ 60

k. Political Contributions .......................................................................................... 64l. Significant Investigative Issues .............................................................................. 64m. References ............................................................................................................ 64n. Media Coverage .................................................................................................... 64o. Conclusion ............................................................................................................. 64

3. William Joseph Mulrow ................................................................................. 65a. Qualifiers Name and Verified Information......................................................... 65b. Employment History .............................................................................................. 65c. Criminal Record .................................................................................................... 66d. Education ............................................................................................................... 66e. Professional and Gaming Licenses ....................................................................... 66f. Directorships and Stockholdings ........................................................................... 66

g. Civil Litigation Records ......................................................................................... 67h. Bankruptcy ............................................................................................................ 68i. Property Ownership ................................................................................................ 68j. Financial Suitability Evaluation ............................................................................ 69k. Political Contributions .......................................................................................... 72l. Significant Investigative Issues .............................................................................. 72m. References ............................................................................................................. 72n. Media Coverage ..................................................................................................... 73o. Conclusion ............................................................................................................. 73

4. John Francis Rizzo.......................................................................................... 74a. Qualifiers Name and Verified Information......................................................... 74b. Employment History .............................................................................................. 74

c. Criminal Record .................................................................................................... 75d. Education ............................................................................................................... 75e. Professional and Gaming Licenses ....................................................................... 75f. Directorships and Stockholdings ........................................................................... 75g. Civil Litigation Records ......................................................................................... 76h. Bankruptcy ............................................................................................................ 77i. Property Ownership ................................................................................................ 77j. Financial Suitability Evaluation ............................................................................ 78k. Political Contributions .......................................................................................... 81l. Significant Investigative Issues .............................................................................. 81m. References............................................................................................................. 81n. Media Coverage ..................................................................................................... 81

o. Conclusion ............................................................................................................. 825. Paul Michael Tuttle, Jr. .........................................................................................83

a. Qualifiers Name and Verified Information......................................................... 83b. Employment History .............................................................................................. 83c. Criminal Record .................................................................................................... 83d. Education ............................................................................................................... 84e. Professional and Gaming Licenses ....................................................................... 84f. Directorships and Stockholdings ........................................................................... 84g. Civil Litigation Records ......................................................................................... 85


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h. Bankruptcy ............................................................................................................ 85i. Property Ownership ................................................................................................ 85j. Financial Suitability Evaluation ............................................................................ 85k. Political Contributions .......................................................................................... 88l. Significant Investigative Issues .............................................................................. 88m. References ............................................................................................................. 88

n. Media Coverage ..................................................................................................... 89o. Conclusion ............................................................................................................. 89

6. Robert Kenneth Vincent................................................................................. 90a. Qualifiers Name and Verified Information......................................................... 90b. Employment History .............................................................................................. 90c. Criminal Records ................................................................................................... 91d. Education ............................................................................................................... 91e. Professional and Gaming Licenses ....................................................................... 91f. Directorships and Stockholdings ........................................................................... 91g. Civil Litigation Records ......................................................................................... 92h. Bankruptcy ............................................................................................................ 92i. Property Ownership ................................................................................................ 92

j. Financial Suitability Evaluation ............................................................................ 93k. Political Contributions .......................................................................................... 96l. Significant Investigative Issues .............................................................................. 96m. References ............................................................................................................. 96n. Media Coverage ..................................................................................................... 96o. Conclusion ............................................................................................................. 96

7. Steven W. Kidder ..................................................................................................... 97

a. Qualifiers Name and Verified Information......................................................... 97b. Employment History .............................................................................................. 97c. Criminal Record .................................................................................................... 98d. Education ............................................................................................................... 98e. Professional and Gaming Licenses ....................................................................... 98

f. Directorships and Stockholdings ........................................................................... 98g. Civil Litigation Records ......................................................................................... 99h. Bankruptcy ............................................................................................................ 99i. Property Ownership ................................................................................................ 99j. Financial Suitability Evaluation .......................................................................... 100k. Political Contributions ........................................................................................ 104l. Significant Investigative Issues ............................................................................ 104m. References ........................................................................................................... 104n. Media Coverage ................................................................................................... 104o. Conclusion ........................................................................................................... 105

8. John William Randolph Payne ............................................................................. 106a. Qualifiers Name and Verified Information....................................................... 106

b. Employment History ............................................................................................ 106c. Criminal Record .................................................................................................. 106d. Education ............................................................................................................. 107e. Professional and Gaming Licenses ..................................................................... 107f. Directorships and Stockholdings ......................................................................... 107g. Civil Litigation Records ....................................................................................... 108h. Bankruptcy .......................................................................................................... 109i. Property Ownership .............................................................................................. 109j. Financial Suitability Evaluation .......................................................................... 110


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k. Political Contributions ........................................................................................ 114l. Significant Investigative Issues ............................................................................ 114m. References ........................................................................................................... 114n. Media Coverage ................................................................................................... 114o. Conclusion ........................................................................................................... 114

9. Charles Edward Morneau............................................................................ 115

a. Qualifiers Name and Verified Information....................................................... 115b. Employment History ............................................................................................ 115c. Criminal Record .................................................................................................. 116d. Education ............................................................................................................. 116e. Professional and Gaming Licenses ..................................................................... 116f. Directorships and Stockholdings ......................................................................... 116g. Civil Litigation Records ....................................................................................... 119h. Bankruptcy .......................................................................................................... 121i. Property Ownership .............................................................................................. 121j. Financial Suitability Evaluation .......................................................................... 122k. Political Contributions ........................................................................................ 125l. Significant Investigative Issues ............................................................................ 125

m. References........................................................................................................... 126n. Media Coverage ................................................................................................... 126o. Conclusion ........................................................................................................... 126

IV. COASTAL GROUP ................................................................................... 127A. Coastal Development LLC ....................................................................... 127

1. Introduction ................................................................................................. 1272. Corporate History and Organization.......................................................... 1273. Recent Developments .................................................................................... 1284. Compliance .................................................................................................... 128

B. Coastal Development SSR LLC ......................................................................... 129

C. Coastal Development Massachusetts LLC ......................................................... 130

D. Coastal Development Suffolk LLC .................................................................... 131

E. CSTL Holdings LLC ........................................................................................... 131

1. Regulatory History ...................................................................................... 132

F. Sterling Racecourse Inc. .................................................................................. 132

G. Suffolk CCF LLC .............................................................................................. 133

H. Natural Person Qualifier ................................................................................. 133

1. Richard T. Fields ......................................................................................... 133a. Qualifiers Name and Verified Information....................................................... 133b. Employment History ............................................................................................ 134c. Criminal Record .................................................................................................. 134d. Education ............................................................................................................. 134

e. Professional and Gaming Licenses ..................................................................... 134f. Directorships and Stockholdings ......................................................................... 135g. Civil Litigation Records ....................................................................................... 139h. Bankruptcy .......................................................................................................... 144i. Property Ownership .............................................................................................. 144j. Financial Suitability Evaluation .......................................................................... 145k. Political Contributions ........................................................................................ 150l. Significant Investigative Issues ............................................................................ 151


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m. References ........................................................................................................... 151n. Media Coverage ................................................................................................... 151o. Conclusion ........................................................................................................... 151

V. ODONNELL OWNERSHIP GROUP .......................................................... 152A. Introduction .......................................................................................... 152

B. CS SSR Investor LLC......................................................................................... 152C. CS/NED SSR Holdings LLC ................................................................................ 152

D. Cambridge Suffolk LLC .................................................................................... 153

E. CS Sixth Street LLC .......................................................................................... 154

F. JJO Sterling Suffolk Inc. ................................................................................... 154

G. Sixth Street Sterling LLC .................................................................................. 155

H. Natural Person Qualifier ................................................................................. 156

1. Joseph James ODonnell ............................................................................. 156a. Qualifiers Name and Verified Information....................................................... 156b. Employment History ............................................................................................ 156c. Criminal Record .................................................................................................. 156

d. Education ............................................................................................................. 157e. Professional and Gaming Licenses ..................................................................... 157f. Directorships and Stockholdings ......................................................................... 157g. Civil Litigation Records ....................................................................................... 159h. Bankruptcy .......................................................................................................... 162i. Property Ownership .............................................................................................. 162j. Financial Suitability Evaluation .......................................................................... 162k. Political Contributions ........................................................................................ 167l. Significant Investigative Issues ............................................................................ 167m. References ........................................................................................................... 167n. Media Coverage ................................................................................................... 168o. Conclusion ........................................................................................................... 168

VI. VORNADO SUFFOLK LLC ........................................................................ 168VII. CAESARS MASSACHUSETTS INVESTMENT COMPANY LLC ................ 170

VIII. CAESARS MASSACHUSETTS ACQUISITION COMPANY LLC ............... 170

IX. CAESARS MASSACHUSETTS MANAGEMENT COMPANY LLC ............... 171

X. CAESARS ENTERTAINMENT OPERATING COMPANY ............................. 171

XI. CAESARS ENTERTAINMENT CORPORATION ........................................ 172A.Corporate History .......................................................................................... 172

B. Current Ownership ......................................................................................... 175

C. Gaming Facilities ........................................................................................... 178

D. Compliance ................................................................................................... 182

1. Compliance Plan and Corporate Governance .......................................... 182a. Compliance Committee ....................................................................................... 182b.Revisions to Compliance Program Following the Watanabe Matter.186c. Other Committees of Board of Directors ............................................................ 188d. Other Compliance Procedures ............................................................................ 189

2. Operations Review ........................................................................................ 190a. Prevention and Detection of Money Laundering ............................................... 192


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b. Foreign Branch Offices ...................................................................................... 199c. Gaming Credit ...................................................................................................... 202

3. ....................................................................................... 203a. Introduction ......................................................................................................... 203b. Alliance Program ................................................................................................ 204c. Inspection of Operation ....................................................................................... 205

d. Conclusion ........................................................................................................... 2074. Compliance History ...................................................................................... 207

a. Illinois .................................................................................................................. 208b. Indiana ................................................................................................................. 208c. Louisiana ............................................................................................................. 209d. Mississippi ............................................................................................................ 209e. Missouri ............................................................................................................... 209f. Nevada .................................................................................................................. 212g. New Jersey ........................................................................................................... 212h. North Carolina .................................................................................................... 214i. Ohio....................................................................................................................... 214j. Pennsylvania ......................................................................................................... 215

k. Egypt .................................................................................................................... 2155. Litigation........................................................................................................ 215

a. Bahamas Development ........................................................................................ 215b. Nevada Tax Dispute ............................................................................................ 217c. Gaming-Equipment Patent Dispute .................................................................... 218d. Ohio Gaming Legalization .................................................................................. 219

6. Responsible Gaming Program ..................................................................... 219

E. Significant Investigative Issues......................................................................... 219

1. Gansevoort License Agreement.................................................................. 2192. Mitchell Garber............................................................................................ 2403 . Watanabe Incident....................................................................................... 247

F. Recent Events and Developments .................................................................. 2501. Ohio................................................................................................................. 2502. Maryland ........................................................................................................ 2513. Nevada ........................................................................................................... 2514. Caesars Growth Venture Partners.................................................................. 2525. Caesars Interactive Entertainment ................................................................. 2536. Acquisition of Playtika Ltd. ............................................................................ 2537. Buffalo Studios, LLC ................................................................................... 2548. Chester Downs .............................................................................................. 2549.Windsor Casino Limited .................................................................................. 25410. Sale of Harrah's St. Louis Casino ................................................................. 254

11. Conrad Punta Del Este Resort and Casino .................................................... 25412. South Korea-Lippo........................................................................................ 25513.G&L Group Ltd. ............................................................................................ 25514.Acquisition by Apollo and TPG .................................................................... 25615.Initial Public Offering .................................................................................... 25716.Sale of Caesars Common Stock..................................................................... 25817.CEOC Bond Offering .................................................................................... 25918.Project Renewal ............................................................................................. 259


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19.Transactions with Rock Gaming ................................................................... 25920.Macau Golf Course ........................................................................................ 26021. Proposed Debt Refinancing and Sale of Stock ............................................. 262

G. Media Coverage ........................................................................................... 264

H. Financial Suitability Evaluation ..................................................................... 264

1. Caesars Massachusetts Investment Company LLC ........................................ 2642. Caesars Massachusetts Acquisition Company LLC ....................................... 2643. Caesars Entertainment Corporation ................................................................ 265

a. Financial Background ........................................................................................ 265b. Financing Transactions ...................................................................................... 266c. Financial Operating Results ............................................................................... 272d. Capital Resources ................................................................................................ 276e. Key Ratios ............................................................................................................ 288f. Company Forecasts and Projections ................................................................... 289g. Subsequent Events ............................................................................................... 290h. Conclusion ........................................................................................................... 290

I. Natural Person Qualifiers ................................................................................. 292

1. Jeffrey Tod Housenbold ................................................................................ 292a. Qualifiers Name and Verified Information....................................................... 292b. Employment History ............................................................................................ 292c. Criminal Record .................................................................................................. 293d. Education ............................................................................................................. 293e. Professional and Gaming Licenses ..................................................................... 293f. Directorships and Stockholdings ......................................................................... 293g. Civil Litigation Records ....................................................................................... 294h. Bankruptcy .......................................................................................................... 296i. Property Ownership .............................................................................................. 296j. Financial Suitability Evaluation .......................................................................... 297k. Political Contributions ........................................................................................ 300

l. Significant Investigative Issues ............................................................................ 300m. References........................................................................................................... 300n. Media Coverage ................................................................................................... 300o. Conclusion ........................................................................................................... 301

2. Gary William Loveman............................................................................... 301a. Qualifiers Name and Verified Information....................................................... 301b. Employment History ............................................................................................ 301c. Criminal Record .................................................................................................. 302d. Education ............................................................................................................. 302e. Professional and Gaming Licenses ..................................................................... 302f. Directorships and Stockholdings ......................................................................... 302g. Civil Litigation Records ....................................................................................... 303

h. Bankruptcy .......................................................................................................... 304i. Property Ownership .............................................................................................. 304j. Financial Suitability Evaluation .......................................................................... 304k. Political Contributions ........................................................................................ 310l. Significant Investigative Issues ............................................................................ 310m. References........................................................................................................... 310n. Media Coverage ................................................................................................... 311o. Conclusion ........................................................................................................... 311


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3. Cheryl Ann Kondra..................................................................................... 312a. Qualifiers Name and Verified Information....................................................... 312b. Employment History ............................................................................................ 312c. Criminal Record .................................................................................................. 313d. Education ............................................................................................................. 313e. Professional and Gaming Licenses ..................................................................... 313

f. Directorships and Stockholdings ......................................................................... 313g. Civil Litigation Records ....................................................................................... 314h. Bankruptcy .......................................................................................................... 314i. Property Ownership .............................................................................................. 314j. Financial Suitability Evaluation .......................................................................... 314k. Political Contributions ........................................................................................ 318l. Significant Investigative Issues ............................................................................ 318m. References ........................................................................................................... 318n. Media Coverage ................................................................................................... 318o. Conclusion ........................................................................................................... 319

4. Diane Elizabeth Wilfong ............................................................................. 319a. Qualifiers Name and Verified Information....................................................... 319

b. Employment History ............................................................................................ 319c. Criminal Record .................................................................................................. 320d. Education ............................................................................................................. 320e. Professional and Gaming Licenses ..................................................................... 320f. Directorships and Stockholdings ......................................................................... 321g. Civil Litigation Records ....................................................................................... 321h. Bankruptcy .......................................................................................................... 321i. Property Ownership .............................................................................................. 321j. Financial Suitability Evaluation .......................................................................... 321k. Political Contributions ........................................................................................ 324l. Significant Investigative Issues ............................................................................ 324m. References ........................................................................................................... 324

n. Media Coverage ................................................................................................... 325o. Conclusion ........................................................................................................... 325

5. Timothy Richard Donovan ......................................................................... 326a. Qualifiers Name and Verified Information....................................................... 326b. Employment History ............................................................................................ 326c. Criminal Record .................................................................................................. 327d. Education ............................................................................................................. 327e. Professional and Gaming Licenses ..................................................................... 328f. Directorships and Stockholdings ......................................................................... 328g. Civil Litigation Records ....................................................................................... 329h. Bankruptcy .......................................................................................................... 329i. Property Ownership .............................................................................................. 329

j. Financial Suitability Evaluation .......................................................................... 330k. Political Contributions ........................................................................................ 335l. Significant Investigative Issues ............................................................................ 335m. References ........................................................................................................... 335n. Media Coverage ................................................................................................... 335o. Conclusion ........................................................................................................... 336

6. Joshua Jordan Harris.................................................................................. 336a. Qualifiers Name and Verified Information....................................................... 336


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b. Employment History ............................................................................................ 336c. Criminal Record .................................................................................................. 336d. Education ............................................................................................................. 337e. Professional and Gaming Licenses ..................................................................... 337f. Directorships and Stockholdings ......................................................................... 337g. Civil Litigation Records ....................................................................................... 339

h. Bankruptcy .......................................................................................................... 340i. Property Ownership .............................................................................................. 340j. Financial Suitability Evaluation .......................................................................... 341k. Political Contributions ........................................................................................ 346l. Significant Investigative Issues ............................................................................ 346n. Media Coverage ................................................................................................... 347o. Conclusion ........................................................................................................... 347

7. Leon David Black......................................................................................... 348a. Qualifiers Name and Verified Information....................................................... 348b. Employment History ............................................................................................ 348c. Criminal Record .................................................................................................. 348d. Education ............................................................................................................. 349

e. Professional and Gaming Licenses ..................................................................... 349f. Directorships and Stockholdings ......................................................................... 349g. Civil Litigation Records ....................................................................................... 351h. Bankruptcy .......................................................................................................... 352i. Property Ownership .............................................................................................. 352j. Financial Suitability Evaluation .......................................................................... 353k. Political Contributions ........................................................................................ 358l. Significant Investigative Issues ............................................................................ 358m. References ........................................................................................................... 358n. Media Coverage ................................................................................................... 359o. Conclusion ........................................................................................................... 359

8. Mary Helena Thomas .................................................................................. 360



9. James George Coulter ................................................................................. 368a. Qualifiers Name and Verified Information....................................................... 368b. Employment History ............................................................................................ 368c. Criminal Record .................................................................................................. 368d. Education ............................................................................................................. 369


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e. Professional and Gaming Licenses ..................................................................... 369f. Directorships and Stockholdings ......................................................................... 369g. Civil Litigation Records ....................................................................................... 370h. Bankruptcy .......................................................................................................... 370i. Property Ownership .............................................................................................. 370j. Financial Suitability Evaluation .......................................................................... 371


10.Christopher Judson Williams..................................................................... 379a. Qualifiers Name and Verified Information....................................................... 379b. Employment History ............................................................................................ 379c. Criminal Record .................................................................................................. 379d. Education ............................................................................................................. 380e. Professional and Gaming Licenses ..................................................................... 380f. Directorships and Stockholdings ......................................................................... 381

g. Civil Litigation Records ....................................................................................... 381h. Bankruptcy .......................................................................................................... 382i. Property Ownership .............................................................................................. 382j. Financial Suitability Evaluation .......................................................................... 382k. Political Contributions ........................................................................................ 387l. Significant Investigative Issues ............................................................................ 387m. References ........................................................................................................... 387n. Media Coverage ................................................................................................... 387o. Conclusion ........................................................................................................... 388

11.Lynn Curtis Swann...................................................................................... 389a. Qualifiers Name and Verified Information....................................................... 389b. Employment History ............................................................................................ 389

c. Criminal Record .................................................................................................. 390d. Education ............................................................................................................. 390e. Professional and Gaming Licenses ..................................................................... 390f. Directorships and Stockholdings ......................................................................... 390g. Civil Litigation Records ....................................................................................... 391h. Bankruptcy .......................................................................................................... 393i. Property Ownership .............................................................................................. 393j. Financial Suitability Evaluation .......................................................................... 393k. Political Contributions ....................................................................................... 397l. Significant Investigative Issues ............................................................................ 397m. References .......................................................................................................... 397n. Media Coverage ................................................................................................... 397

o. Conclusion ........................................................................................................... 39712.Janis L. Jones ............................................................................................... 398

a. Qualifiers Name and Verified Information....................................................... 398b. Employment History ............................................................................................ 398c. Criminal Record .................................................................................................. 398d. Education ............................................................................................................. 399e. Professional and Gaming Licenses ..................................................................... 399f. Directorships and Stockholdings ......................................................................... 399


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g. Civil Litigation Records ....................................................................................... 400h. Bankruptcy .......................................................................................................... 402i. Property Ownership .............................................................................................. 402j. Financial Suitability Evaluation .......................................................................... 403k. Political Contributions ........................................................................................ 407l. Significant Investigative Issues ............................................................................ 407

m. References........................................................................................................... 407n. Media Coverage ................................................................................................... 408o. Conclusion ........................................................................................................... 408

13.David Benjamin Sambur............................................................................. 409a. Qualifiers Name and Verified Information....................................................... 409b. Employment History ............................................................................................ 409c. Criminal Record .................................................................................................. 409d. Education ............................................................................................................. 410e. Professional and Gaming Licenses ..................................................................... 410f. Directorships and Stockholdings ......................................................................... 410g. Civil Litigation Records ....................................................................................... 411h. Bankruptcy .......................................................................................................... 411

i. Property Ownership .............................................................................................. 411j. Financial Suitability Evaluation .......................................................................... 411k. Political Contributions ........................................................................................ 415l. Significant Investigative Issues ............................................................................ 415m. References........................................................................................................... 415n. Media Coverage ................................................................................................... 415o. Conclusion ........................................................................................................... 415

14.Marc Jeffrey Rowan.................................................................................... 416a. Qualifiers Name and Verified Information....................................................... 416b. Employment History ............................................................................................ 416c. Criminal Record .................................................................................................. 416d. Education ............................................................................................................. 417

e. Professional and Gaming Licenses ..................................................................... 417f. Directorships and Stockholdings ......................................................................... 417g. Civil Litigation Records ....................................................................................... 418h. Bankruptcy .......................................................................................................... 418i. Property Ownership .............................................................................................. 418j. Financial Suitability Evaluation .......................................................................... 419k. Political Contributions ........................................................................................ 423l. Significant Investigative Issues ............................................................................ 423m. References ........................................................................................................... 423n. Media Coverage ................................................................................................... 424o. Conclusion ........................................................................................................... 424

15.Jeffrey David Benjamin .............................................................................. 425

a. Qualifiers Name and Verified Information....................................................... 425b. Employment History ............................................................................................ 425c. Criminal Record .................................................................................................. 426d. Education ............................................................................................................. 426e. Professional and Gaming Licenses ..................................................................... 426f. Directorships and Stockholdings ......................................................................... 426g. Civil Litigation Records ....................................................................................... 427h. Bankruptcy .......................................................................................................... 428


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i. Property Ownership .............................................................................................. 428j. Financial Suitability Evaluation .......................................................................... 428k. Political Contributions ........................................................................................ 432l. Significant Investigative Issues ............................................................................ 432m. References ........................................................................................................... 432n. Media Coverage ................................................................................................... 432

o. Conclusion ........................................................................................................... 43216.Eric Lurie Press ........................................................................................... 433

a. Qualifiers Name and Verified Information....................................................... 433b. Employment History ............................................................................................ 433c. Criminal Record .................................................................................................. 433d. Education ............................................................................................................. 434e. Professional and Gaming Licenses ..................................................................... 434f. Directorships and Stockholdings ......................................................................... 434g. Civil Litigation Records ....................................................................................... 435h. Bankruptcy .......................................................................................................... 435i. Property Ownership .............................................................................................. 435j. Financial Suitability Evaluation .......................................................................... 435


17.David Bonderman........................................................................................ 442a. Qualifiers Name and Verified Information....................................................... 442b. Employment History ............................................................................................ 442c. Criminal Record .................................................................................................. 442d. Education ............................................................................................................. 443e. Professional and Gaming Licenses ..................................................................... 443f. Directorships and Stockholdings ......................................................................... 444

g. Civil Litigation Records ....................................................................................... 444h. Bankruptcy .......................................................................................................... 446i. Property Ownership .............................................................................................. 446j. Financial Suitability Evaluation.......................................................................... 446k. Political Contributions ........................................................................................ 451l. Significant Investigative Issues ............................................................................ 451m. References ........................................................................................................... 452n. Media Coverage ................................................................................................... 452o. Conclusion ........................................................................................................... 452

18.Eric Alan Hession ........................................................................................ 453a. Qualifiers Name and Verified Information....................................................... 453b. Employment History ............................................................................................ 453

c. Criminal Record .................................................................................................. 453d. Education ............................................................................................................. 454e. Professional and Gaming Licenses ..................................................................... 454f. Directorships and Stockholdings ......................................................................... 454g. Civil Litigation Records ....................................................................................... 454h. Bankruptcy .......................................................................................................... 455i. Property Ownership .............................................................................................. 455j. Financial Suitability Evaluation .......................................................................... 455


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19.Kelvin Lloyd Davis ...................................................................................... 459



20. Karl Ivar Peterson ...................................................................................... 470a. Qualifiers Name and Verified Information....................................................... 470b. Employment History ............................................................................................ 470c. Criminal Record .................................................................................................. 470d. Education ............................................................................................................. 471e. Professional and Gaming Licenses ..................................................................... 471f. Directorships and Stockholdings ......................................................................... 471g. Civil Litigation Records ....................................................................................... 472h. Bankruptcy .......................................................................................................... 472

i. Property Ownership .............................................................................................. 472j. Financial Suitability Evaluation .......................................................................... 473k. Political Contributions ........................................................................................ 477l. Significant Investigative Issues ............................................................................ 477m. References ........................................................................................................... 477n. Media Coverage ................................................................................................... 478o. Conclusion ........................................................................................................... 478

21.Michael Daniel Cohen ................................................................................. 479a. Qualifiers Name and Verified Information....................................................... 479b. Employment History ............................................................................................ 479c. Criminal Record .................................................................................................. 479d. Education ............................................................................................................. 480

e. Professional and Gaming Licenses ..................................................................... 480f. Directorships and Stockholdings ......................................................................... 481g. Civil Li

massachusetts gaming commission report investigative report re: east boston suffolk downs casino

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