Section 68 IAC 2-1-10 - Duty to maintain suitability; duty to disclose; transfer of ownership interestAuthority: IC 4-33-4; IC 4-35-4
Affected: IC 4-33; IC 4-35
Sec. 10.
(a) Casino licensees have a continuing duty to maintain suitability for licensure. A casino owner's license does not create a property right, but is a revocable privilege granted by the state contingent upon continuing suitability for licensure.(b) Casino licensees shall notify the commission of a material change in the information submitted in the application, or a matter that renders the licensee ineligible to hold a casino owner's license.(c) An ownership interest in the casino owner's license shall not be transferred unless the transfer complies with 68 IAC 5.Indiana Gaming Commission; 68 IAC 2-1-10; filed Nov 10, 1994, 11:00 a.m.: 18 IR 488; errata filed Nov 1, 1995, 8:30 a.m.: 19 IR 353; readopted filed Oct 15, 2001, 4:34 p.m.: 25 IR 898; readopted filed Sep 14, 2007, 1:40 p.m.: 20071003-IR-068070354RFA; filed Dec 6, 2012, 2:32 p.m.: 20130102-IR-068110786FRA; readopted filed November 26, 2013, 3:58 p.m.: 20131225-IR-068130354RFAReadopted filed 9/4/2019, 10:57 a.m.: 20191002-IR-068190384RFA