Louisiana Administrative Code
Title 42 - LOUISIANA GAMING
Part III - Gaming Control Board
Chapter 25 - Transfers of Interest in the Casino Operator, Licensees, and Permittees; Loans and Restrictions
Section III-2526 - Limitation on Financing; Incurring Debt; Casino Operator
Current through Register Vol. 50, No. 3, March 20, 2024
A. In accordance with section 13.6 of the casino operating contract and except as provided in §2523, §2524 and §2525 of these regulations, the casino operator or its financing affiliate may obtain debt only from a lender found suitable by the board and only after obtaining approval of the financing by the board. Board approval shall not be required for financing obtained from a lender previously found suitable by the board or from a lender who is a suitable lender as defined in the casino operating contract if:
B. The casino operator, any holding company or intermediary company thereof, or the casino manager shall apply for prior approval of any proposed public offering of any ownership interest therein, and shall comply with all conditions imposed by the board.
AUTHORITY NOTE: Promulgated in accordance with R.S. 27:15 and R.S. 27:24.