Gaming Property definition

Gaming Property of any Person shall mean those properties and assets of such Person which relate to such Person's casino or hotel casino businesses and operations.
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Gaming Property means each property described on Schedule G-2.
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Gaming Property means a right to participate in a game of chance regulated under AS 5.15, including without limitation a right to participate that is represented by a pull-tab, bingo card, or raffle or lottery ticket.
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Examples of Gaming Property in a sentence

  • Each subsequent Casino Gaming property that the Group operates which utilizes any of the licensed marks in connection with generating the relevant revenue will pay for each of the first three fiscal calendar years after commencement of operations of each subsequent property, a royalty fee of 1.5% of the respective gross revenues of the operations in connection with which such licensed marks are used (each, the “Subsequent Casino Gaming Property Royalty”), subject to a US$20.0 million cap per fiscal year.

  • For the fiscal calendar years thereafter until expiration of the initial term, the Group will pay LVSLLC an annual royalty being the lesser of the Subsequent Casino Gaming Property Royalty or the annual caps reflecting an increase of 20.0% for each subsequent year.

  • Royalty Cap for Each Subsequent Casino Gaming Property Year 1 2 3 4 5 6 7 8 9 10 Cap (US$ in millions) 20.0 20.0 20.0 24.0 28.8 34.6 41.5 49.8 59.7 71.7 Note: This assumes, for illustrative purposes, that the Casino Gaming properties open on January 1, 2013 and have the right to use the licensed marks until expiration of the initial term.

  • As of the Closing Date, Schedule 4.10 sets forth a legal description of all Real Property owned by Borrower or held by the United States government in trust for the benefit of Borrower which is Gaming Property, which legal description is accurate and complete in all material respects.

  • In any event, in any action or proceeding to enforce the Loan Documents, the Creditors agree that they shall, to the extent then permitted by applicable Law, take commercially practicable steps to enforce any claim for damages awarded to the Creditors by any court, tribunal, arbitrator or other decision maker against the Gaming Property prior to taking general recourse to Borrower and the Non-Gaming Property.

  • The Gaming Property includes all real, mixed and personal property which is operationally integral to the on-reservation gaming activities of Borrower.

  • Fail, within ten days following the opening of each such account into which Gaming Property is to be deposited, to execute and deliver to the Administrative Agent Deposit Account Agreements granting Liens in each deposit, checking, brokerage or other similar account of Borrower which is opened following the Closing Date with any bank, savings association, financial institution or similar financial intermediary in which Cash or Cash Equivalents will be deposited.

  • Not create, incur, assume or suffer to exist any Recourse Obligation which is not permitted by Section 6.8, or any Lien or other encumbrance upon Gaming Property which is not permitted by Section 6.7.

  • Use any Gaming Property for a purpose which is not related to the business of Borrower or specifically contemplated hereby, expend any funds which are Gaming Property for any purpose which does not directly or indirectly benefit Borrower, or make any Capital Expenditure using funds of Borrower or other Gaming Property except to add to, further improve, maintain, repair, restore or refurbish the Thunder Valley Casino.

  • The actual procedures followed by any particular Group, Division or Gaming Property to implement these policies will vary.


More Definitions of Gaming Property

Gaming Property or “Gaming Properties” means one or more of the foregoing: (a) the Dxxxxxx Xx Vessels; (b) the casino and racetrack located in Opelousas, St. Landry Parish, Louisiana; (c) the Worth County Project, in each case, so long as it is owned by Borrowers or a Restricted Subsidiary; and (d) any other gaming facility or gaming operation owned and controlled or to be owned and controlled after the Closing Date by Borrowers or a Restricted Subsidiary and that contains, or that based upon a plan approved by the applicable Borrower’s Managers will contain upon the completion of the construction or development thereof, an aggregate of at least 500 slot machines or other gaming devices, provided, in each case, that the property and assets (other than Excluded Assets) of such Gaming Property constitute Collateral.
Sample 1
Gaming Property or “Gaming Properties” means one or more of the foregoing: (a)(i) the Dxxxxxx Xx Casino, (ii) the Exxxxxxxxx Xxxxx, (iii) the Dxxxxxx Xx Worth Casino, and (iv) the Axxxxx Belle Casino, in each case, so long as it is owned by a Borrower or a Restricted Subsidiary; and (b) any other gaming facility or gaming operation owned and controlled or to be owned and controlled after the Closing Date by a Borrower or a Restricted Subsidiary and that contains, or that based upon a plan approved by such Borrower’s Managers will contain upon the completion of the construction or development thereof, an aggregate of at least 500 slot machines or other gaming devices, provided, in each case, that the property and assets (other than Excluded Assets) of such Gaming Property constitute Collateral.
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Gaming Property. “Loan Documents”, “Maximum Revolver Amount”, “Permitted Dispositions”, “Restricted Subsidiaries”, “Subordination of Mortgage” and “Subordination of Preferred Fleet Mortgage” in their respective entirety from such Section and inserting in lieu thereof, respectively, the following:
Sample 1
Gaming Property or “Gaming Properties” means one or more of the foregoing: (a)(i) the Dxxxxxx Xx Casino, (ii) the Exxxxxxxxx Xxxxx, (iii) the Dxxxxxx Xx Worth Casino, (iv) the Axxxxx Belle Casino and (v) the Kansas Star Casino, in each case, so long as it is owned by a Borrower or a Restricted Subsidiary; and (b) any other gaming facility or gaming operation owned and controlled or to be owned and controlled after the Closing Date by a Borrower or a Restricted Subsidiary and that contains, or that based upon a plan approved by such Borrower’s Managers will contain upon the completion of the construction or development thereof, an aggregate of at least 500 slot machines or other gaming devices, provided, in each case, that the property and assets (other than Excluded Assets) of such Gaming Property constitute Collateral. LEGAL_US_W # 66916028.9
Sample 1
Gaming Property means any and all now owned or hereafter acquired real, mixed and personal Property of Borrower which is reflected on the balance sheet described in Section 4.7 or any subsequent balance sheet hereafter delivered by Borrower to the Administrative Agent or the Lenders in connection herewith. "Gaming Property" in any event includes without limitation (i) the Thunder Valley Casino, (ii) all gaming revenues of Borrower, including those of the Thunder Valley Casino, (iii) all other revenues of Borrower associated with the Thunder Valley Casino or related entertainment, golf, resort, lodging, food, beverage or similar operations, and (iv) all tangible Property located within the area described on Schedule 4.10 (all such Property being presumed, as amongst the parties hereto, to be Gaming Property).
Sample 1

Related to Gaming Property

  • Gaming Equipment means any and all gaming devices, gaming device parts inventory and other related gaming equipment and supplies used in connection with the operation of a casino, including (without limitation), slot machines, gaming tables, cards, dice, chips, tokens, player tracking systems, cashless wagering systems, electronic betting systems, mobile gaming systems and associated equipment which are located at the Casino Components, owned or leased by Operating Company or Mortgage Borrower and used or useable exclusively in the present or future operation of slot machines and live games at the Casino Component, together with all improvements and/or additions thereto.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);

  • Gaming Facility means any casino, hotel, resort, race track, off-track wagering site, venue at which gaming or wagering is conducted, and all related or ancillary property and assets.

  • Gaming License means every finding of suitability, registration, license, franchise or other finding of suitability, registration, approval or authorization required to own, lease, operate or otherwise conduct or manage riverboat, dockside or land-based gaming activities in any state or jurisdiction in which the Company or any of its Subsidiaries conducts business and all applicable liquor licenses.

  • New property means (i) the assessed value, after final

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Common Property means any and all real and personal property and easements and other interests therein, together with the facilities and improvements located thereon, now or hereafter owned by the Association for the common use and enjoyment of the Owners.

  • Gaming Licenses means all licenses, permits, approvals, authorizations, certificates, registrations, findings of suitability, franchises and entitlements issued by any Gaming Authority necessary for or relating to the conduct of Gaming or Gaming activities or operations or the ownership of an interest in an entity that conducts Gaming or Gaming activities or operations.

  • Adjoining Property means all sidewalks, driveways, curbs, gores and vault spaces adjoining any of the Leased Premises.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Gaming means that term as defined in section 2 of the Michigan gaming control and revenue act, 1996 IL 1, MCL 432.202.

  • Gaming device means any equipment or mechanical, electromechanical, or

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Gaming Operation means the conduct of authorized casino gaming within a casino gaming

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Hotel Property means a Property on which there is located an operating hotel.

  • Partnership Assets means all assets, whether tangible or intangible and whether real, personal or mixed (including, without limitation, all partnership capital and interest in other partnerships), at any time owned or represented by any Partnership Interest.

  • Historic property means any prehistoric or historic site, district, building, object or other real or personal property of historical, architectural or archaeological value, and folklife resources. These properties or resources may include, but are not limited to, monuments, memorials, Indian habitations, ceremonial sites, abandoned settlements, sunken or abandoned ships, engineering works, treasure trove, artifacts or other objects with intrinsic historical or archaeological value, or any part thereof, relating to the history, government and culture of Florida.

  • Additional Property means, in respect of a Series, the rights and benefits provided in respect of the Series, or applicable Class, pursuant to any letter of credit, surety bond, cash collateral account, spread account, guaranteed rate agreement, maturity liquidity facility, tax protection agreement, interest rate and/or currency swap agreement, loan agreement, enhancement agreement or other similar arrangement as contemplated under the Pooling and Servicing Agreement and as provided for in the related Series Purchase Agreement.

  • Public Property means any and all property owned by the City or held in the name of the City by any of the departments, commissions or agencies within the City government.

  • Partnership Property means any property, real, personal or mixed, or any interest therein or appurtenant thereto which may be owned or acquired by the Partnership.

  • Municipal Property means all property, including lands and buildings, owned, controlled or managed by the Municipality within the Municipal Service Area;

  • Common Properties means and refer to those areas of land shown on any recorded subdivision plat of The Properties and intended to be devoted to the common use and enjoyment of the owners of The Properties.

  • Loan Property means any property in which the applicable party (or a subsidiary of it) holds a security interest and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.