Illinois Administrative Code
Title 11 - ALCOHOL, HORSE RACING, LOTTERY, AND VIDEO GAMING
Part 402 - CONCESSIONAIRE RULES
Section 402.60 - Application Contents, Substantial Owners
Universal Citation: 11 IL Admin Code ยง 402.60
Current through Register Vol. 48, No. 12, March 22, 2024
a) Each application for an occupation license as a concessionaire shall be on forms prescribed by the Board. If the applicant is a corporation, the application shall disclose, among other things, the names and addresses of its directors, officers, and owners of substantial beneficial interest and shall state whether any of these individuals:
1) has been convicted of a crime;
2) has been found guilty of a violation of
the Illinois Horse Racing Act of 1975 or the rules and regulations of the
Board; or
3) has had a permit or
license to operate as a concessionaire at any race track or intertrack wagering
facility in any other state suspended, revoked or denied.
b) A person owning 5% or more of the equity of an applicant shall be considered a substantial owner for the purposes of this Section.
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