Standards For Qualification

Standards For Qualification. (a) Each operator required to be licensed in accordance with commission regulations shall, prior to the issuance of a Gaming School License, produce such information, documentation and assurances to establish by clear and convincing evidence: 1. The financial stability, integrity and responsibility of the applicant; 2. The applicant's good character, honesty and integrity; 3. That the applicant, either himself or through his employees, has sufficient business ability and experience to establish, operate and maintain his enterprise with reasonable prospects for successful operation; 4. That all owners/management and supervisory personnel, and sales representatives qualify under the standards set forth under the provisions of these regulations; 5. The integrity of all financial backers, investors, mortgagees, bondholders, and holders of indentures, notes or other evidence of indebtedness, either in effect or proposed, which bears any relationship to the enterprise; 6. The integrity of all officers, directors, and trustees of the applicant; 7. If the gaming school is a corporation, that it: i. Either is incorporated in this state or is authorized to do business in this state; ii. Maintains a registered office in the premises licensed or to be licensed and has designated and maintains in this state a registered agent; iii. Complies with all requirements of the laws of this state pertaining to corporations. 8. If the gaming school is not a corporation, that it maintains an office in this state and has designated to the Commission and maintains in this state an agent for the acceptance of service of process; and 9. The appropriate individuals associated with or employed by the gaming school be properly qualified as required by the Gaming Control Act and these regulations. (Adopted: 11/04/1992.)