CLAIMANTS’ DECISION TO INVEST IN MEXICO Sample Clauses

CLAIMANTS’ DECISION TO INVEST IN MEXICO. 23. In 2004, Xx. Xxxxxx Xxxx, a successful American businessman with experience on Wall Street and investment banking, met an experienced gaming entrepreneur—Xx. Xxx Xxxxx—who had operated video poker facilities in the United States and owned video gaming centers in Mexico.5 Xx. Xxxxx and his investment group owned and operated a successful facility in Monterrey, Mexico, where patrons played on machines hosting games of “skill” (as opposed to games of chance), and was in the process of opening another gaming center. Xx. Xxxxx suggested that Xx. Xxxx put together a group of investors to develop, own, and operate multiple gaming facilities in Mexico.6
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CLAIMANTS’ DECISION TO INVEST IN MEXICO. 12. Beginning in or around 2004 and prior to Claimants’ investment in Mexico, Xx. Xxxxxx Xxxx, a successful businessman in the United States with experience on Wall Street and investment banking, was introduced to an investor and casino owner in Mexico—Xx. Xxx Xxxxx—who had operated gaming facilities in the United States. He had obtained a gaming authorization to operate gaming facilities with skill gaming machines in Mexico under a validly-issued SEGOB Resolution issued to a Mexican company called Juegos de Entretenimiento y Video de Monterrey, S.A. de C.V. (Monterrey) that operated skill machines throughout Mexico. Monterrey’s Resolution allowed for the installation and operation in Mexican territory of certain kinds of skill gaming machines. In addition, pursuant to Monterrey’s Resolution, Monterrey’s gaming activities were permitted because they were outside the scope of the Mexican gambling laws. Accordingly, these machines did not require a permit from SEGOB. SEGOB had inspected the machines beforehand to certify that they were skill machines and therefore not subject to its jurisdiction. Xx. Xxxxx suggested that Claimant Xxxxxx Xxxx, a person with sophisticated business experience and acumen, put together a group of investors to develop, own, and operate multiple gaming facilities that ran skill machines in Mexico under Monterrey’s valid Resolution. By this time, Xx. Xxxxx and his investment group already owned and operated two skill machine gaming facilities in Monterrey, Mexico, one called Bella Vista opened in October 2002 and another called Las Palmas opened October 15,
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Related to CLAIMANTS’ DECISION TO INVEST IN MEXICO

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