Section 68 IAC 27-4-2 - Obligation to report certain eventsAuthority: IC 4-38-3-1
Affected: IC 4-38
Sec. 2.
A sports wagering operator shall provide a written notice to the executive director or the executive director's designee as soon as the sports wagering operator licensee becomes aware of the following:
(1) A violation or apparent violation of a rule of the commission by any of the following: (A) The sports wagering operator.(B) A substantial owner, key person, or employee of the sports wagering operator.(C) A person acting, or authorized to act, on behalf of or in furtherance of the interests of the sports wagering operator licensee or an affiliate of the licensee.(2) A change in status of an owner's license, supplier's license, or the equivalent issued to the sports wagering operator licensee, or an affiliate by any other governmental entity.(3) Civil litigation filed against the: (A) sports wagering operator licensee's Indiana operations; or(B) sports wagering operator licensee that could significantly impact the sports wagering operator licensee's Indiana operations.(4) A criminal, civil, or administrative action, threatened action, or investigation initiated by any governmental entity against the sports wagering operator licensee.(5) Claims made by a governmental entity concerning the tax liability of a sports wagering operator licensee or a key person or substantial owner of the sports wagering operator licensee.(6) A civil, criminal, administrative, or tax action initiated:(A) by or against an employee of the sports wagering operator if the action relates to the gaming activity conducted by the sports wagering operator; or(B) against a key person, substantial owner, or an affiliate of a sports wagering operator licensee, if the action relates to a gaming operation under the jurisdiction of a governmental entity.(7) A bankruptcy, receivership, or debt adjustment initiated by or against the sports wagering operator licensee, or an affiliate thereof, or the sports wagering operator's substantial owners.(8) A compliance review conducted by the Internal Revenue Service under the Bank Secrecy Act of 1970. The sports wagering operator licensee must provide a copy of the compliance review report or the equivalent within ten (10) days of the receipt of the report by the sports wagering operator.(9) An action, event, or nonevent, with respect to which the executive director has instructed the sports wagering operator to provide notice so that the executive director can ensure that the sports wagering operator continues to maintain suitability for licensure.Indiana Gaming Commission; 68 IAC 27-4-2; filed 6/25/2021, 2:59 p.m.: 20210721-IR-068200420FRA