Indiana Administrative Code
Title 68 - INDIANA GAMING COMMISSION
Article 5 - TRANSFER OF OWNERSHIP
Rule 2 - Persons other than Publicly Traded Corporations
Section 2-5 - Proscribed activities with respect to unsuitable persons
Universal Citation: 68 IN Admin Code 2-5
Current through September 18, 2024
Authority: IC 4-33-4; IC 4-35-4
Affected: IC 4-33; IC 4-35
Sec. 5.
(a) In refusing to grant approval for the transfer of an interest or other involvement with a casino licensee, a casino license applicant, or a supplier licensee, the commission may determine that a person is unsuitable for licensure under IC 4-33, IC 4-35, and 68 IAC 2-1.
(b) After the commission serves a notice of denial to a casino licensee, a casino license applicant, or a supplier licensee, that person may not do the following:
(1) Pay, to a person found to be
unsuitable, any payment or distribution of any kind whatsoever.
(2) Recognize the exercise by an unsuitable
person, directly or indirectly, of ownership or control over the casino
licensee, the casino license applicant, or the supplier licensee.
(3) Pay to an unsuitable person remuneration
in any form for services rendered.
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