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Gaming board approves Tate family trust registration and conditional continuous transfers of interest
Summary
The board approved registration of the Tate Operations irrevocable trust and continuous transfers of nonvoting interests across three entities for 2026–2030, subject to administrative approval by the board chair and documentation on sources of funds for each transfer. Applicants presented the changes as estate and tax planning.
The Nevada Gaming Control Board recommended approval on Nov. 5 of nonrestricted item 7, registering the Tate Operations Irrevocable Trust as a holding company and approving continuous transfers of interest for 2026 through 2030 across Carson City Gaming Company LLC, Fernley Nugget Corporation, and WCW Corporation.
Scott Tate described the effort as an…
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