New Jersey Administrative Code
Title 13 - LAW AND PUBLIC SAFETY
Chapter 69J - PERSONS DOING BUSINESS WITH CASINO LICENSEES
Subchapter 1 - GENERAL PROVISIONS
Section 13:69J-1.14A - Notification of changes in qualifiers of casino service industry licensees, ancillary casino service industry licensees or applicants, and holding companies

Universal Citation: NJ Admin Code 13:69J-1.14A

Current through Register Vol. 56, No. 6, March 18, 2024

(a) Each casino service industry enterprise licensee, ancillary casino service industry enterprise licensee, or applicant required to be licensed in accordance with 5:12-92.a and 13:69J-1.2 shall notify the Division, in writing, within five business days, of the following:

1. The appointment, nomination, election, resignation, termination, incapacitation or death of any natural person required to qualify pursuant to 13:69J-1.14(a) or (c);

2. The identity of any person required to be qualified pursuant to 13:69J-1.14(a)1 iii or iv on the basis of a newly acquired ownership interest;

3. The identity of any person whose obligation to qualify was waived pursuant to 13:69J-1.14(b)2 if that person subsequently attains an ownership interest that is:

i. At least five percent greater than the interest held at the time the most recent waiver was granted; and

ii. At least 25 percent or more of the applicant, licensee, or holding or intermediary company thereof; or

4. The identity of any person whose obligation to qualify was waived pursuant to 13:69J-1.14(b)3, if that person subsequently attains an ownership interest that is:

i. At least five percent greater than the interest held at the time the most recent waiver was granted; and

ii. At least 10 percent of the applicant, licensee, or holding or intermediary company thereof.

(b) For each new qualifier identified pursuant to (a)1 or 2 above, the following forms, as applicable, shall be filed with the Division within 30 days of the mailing of the required notice; provided, however, that the Division may, upon written request from the licensee or applicant and for good cause shown, grant an additional 30 days within which to file the required forms:

1. A complete application for qualification as set forth in 13:69A-7.1A(a)1 iv for each new natural person qualifier; or

2. A complete Business Entity Disclosure Form--Casino Service Industry Enterprise, as set forth in 13:69A-5.15 for each new entity qualifier.

(c) For each person identified pursuant to (a)3 above, a new petition for a waiver of qualification pursuant to 13:69J-1.14(b)2 or 3 shall be filed with the Division within 30 days of the mailing of the required notice.

(d) If a casino service industry enterprise licensee fails to file the notices and forms required by this section, the Division may, without the need for a hearing, administratively prohibit such casino service industry enterprise licensee from conducting business with a casino licensee or an applicant.

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