R 432.721a
R 432.721a Notification of new financial sources of sports betting platform providers.
Cite as Mich. Admin. Code R 432.721a
Rule 721a. A sports betting platform provider applicant or licensee must notify the
board, in writing, as soon as practicable, after it becomes aware that it intends to enter
into a transaction related in any way to its development and operations that may result in
any new financial backers, investors, mortgagees, bondholders, or holders of indentures,
notes, or other evidences of indebtedness of the applicant or licensee. A publicly traded
corporation is considered to have complied with this rule if it has complied with the
reporting requirements in R 432.721d.