ARM 23.16.130. TRANSFERS OF OWNERSHIP INTERESTS IN LOCATIONS THAT DO NOT POSSESS AN ON PREMISE CONSUMPTION ALCOHOLIC BEVERAGE LICENSE GRANDFATHERED FOR THE PURPOSE OF OBTAINING PERMITS TO OPERATE VIDEO GAMBLING MACHINES

(1) The two types of locations that do not possess an on premise consumption alcoholic beverage license and were grandfathered for the purpose of obtaining permits to operate video gambling machines are distinguished for the purpose of transferring ownership of the location. Premises operated for the principal purpose of gaming may be sold, assigned or transferred to a stranger to the license and retain the right to obtain video gambling machine permits. Ownership interests in premises that were not operated for the principal purpose of gaming cannot be sold, assigned or transferred to a stranger to the license and maintain the ability to permit video gambling machines. (2) Both gaming and nongaming premises may transfer ownership of the licensed gaming operation to another form of business organization and retain the right to permit video gambling machines as long as no individuals who are strangers to the license are assigned an ownership interest.