La. Admin. Code tit. 42 § III-2107

Current through Register Vol. 50, No. 11, November 20, 2024

Section III-2107 - Applicants in General; Restrictions

A. The securing of a license, permit or approval required under the Act is a prerequisite for conducting, operating, or performing any activity regulated by the Act. Each applicant must file a complete application as prescribed by the board or division.

B. The multi jurisdictional personal history disclosure Form and DPSSP 0074/0077/0092 or other approved forms shall be filed as part of an application, by the following individuals:

1. If the applicant is a corporation, each officer, director, and shareholder having a 5 percent or greater ownership interest.

2. If the applicant is a limited liability company, each officer, managing member, manager and any member having a 5 percent or greater ownership interest.

3. If the applicant is a general partnership or joint venture, each individual partner and joint venturer.

4. If the applicant is a limited partnership, the general partner and each limited partner having a 5 percent or greater ownership interest.

5. If the applicant is a registered limited liability partnership pursuant to R.S. 9:3431 et seq., the managing partner and each partner having a 5 percent or greater ownership interest.

6. If such shareholder, owner, partner, or member from Paragraphs 1-5 of this Subsection is a legal entity, each officer, director, manager or managing member and each person with an indirect ownership or economic interest equal to or greater than 5 percent in the applicant.

C. A multi jurisdictional personal history disclosure form and DPSSP 0074/0077/0092 or other approved forms may be required to be filed by any person who in the opinion of the board or division:

1. has significant influence over an applicant, casino operator, licensee, or permittee;

2. receives or may receive any share or portion of the money generated by gaming activities subject to the limitations provided in R.S. 27:28(H)(2)(b);

3. receives compensation or remuneration as an employee of an applicant, casino operator, licensee or permittee in exchange for any service or thing provided to the applicant, casino operator, licensee, or permittee; or

4. has any contractual agreement with an applicant, casino operator, licensee or permittee.

D. Failure to submit the applications required by this Section may constitute grounds for delaying consideration of the application or for denying the application.

La. Admin. Code tit. 42, § III-2107

Promulgated by the Department of Public Safety and Corrections, Gaming Control Board, LR 38:1609 (July 2012).

AUTHORITY NOTE: Promulgated in accordance with R.S. 27:15 and 24.