68 IAC 2-1-10 Duty to maintain suitability; duty to disclose; transfer of ownership interest

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.