Sec. 1.
(a) This
rule applies to casino licensees and casino license applicants.
(b) As used in this rule, "related party"
means one (1) of the following:
(1) An
individual or business entity having a pecuniary interest in a casino licensee,
a casino license applicant, or an affiliate thereof if the casino licensee,
casino license applicant, or affiliate is not a publicly held
company.
(2) A holder of more than
five percent (5%) of the outstanding shares of a casino licensee, a casino
license applicant, or an affiliate thereof if the casino licensee, casino
license applicant, or affiliate is a publicly held company.
(3) A key person of a casino licensee, a
casino license applicant, or an affiliate thereof.
(4) An affiliate of a casino licensee or a
casino license applicant.
(5) A
relative of a holder of more than five percent (5%) of the outstanding shares
of a casino licensee, a casino license applicant, or an affiliate thereof if
the casino licensee, casino license applicant, or affiliate is a publicly held
company.
(6) A relative of a key
person of a casino licensee, a casino license applicant, or an affiliate
thereof.
(7) A relative of an
affiliate of a casino licensee or a casino license applicant.
(8) A trust for the benefit of or managed by
a casino licensee, a casino license applicant, or an affiliate or a key person
thereof.
(9) Another person who is
able to control or significantly influence the management or operating policies
of a casino licensee, a casino license applicant, or an affiliate
thereof.
(c) The
executive director or an agent of the commission may review a contract or
transaction entered into by a casino licensee or casino license applicant upon
demand. The contract may be reviewed at the casino or the appropriate office,
or the casino licensee or casino license applicant may be required to submit a
copy of a contract to the commission office in Indianapolis, Indiana.
(d) A contract or transaction entered into by
a casino licensee or casino license applicant shall contain a provision
indicating that the commission may subsequently disapprove the contract.
