Section 68 IAC 3.1-2-1 - Level 1 licensure requirementAuthority: IC 4-33-4-3; IC 4-35-4-2
Affected: IC 4-33-8; IC 4-35-6.5
Sec. 1.
(a) The holder of an equity interest in a casino owner's licensee or applicant that is not publicly traded, or the holder of an equity interest in its substantial owner, with voting rights, regardless of equity percentage, is required to hold a Level 1 occupational license. If the equity interest is held by an entity, the individual persons of that entity are subject to licensure as determined by the commission.(b) The executive director may require Level 1 licensure of a person who holds an equity interest in a casino owner's licensee or applicant that is not publicly traded, or that of its substantial owners, if the executive director determines that licensure is in the best interest of the public and the gaming industry in Indiana. Indiana Gaming Commission; 68 IAC 3.1-2-1; filed 1/20/2023, 2:57 p.m.: 20230215-IR-068220069FRA