La. Admin. Code tit. 42 § III-2123

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

Section III-2123 - Information Required from an Applicant for a License

A. Every application for a license shall contain the following information including but not limited to:

1. two copies of detailed plans of design of the casino, including a layout of each floor stating the projected use of each area;

2. the total estimated construction cost of the casino proposed by the applicant distinguishing between known costs and projections, and separately identifying:

a. facility design expense;

b. land acquisition or site lease costs;

c. site preparation costs;

d. construction cost or renovation cost;

e. equipment acquisition cost;

f. cost of interim financing;

g. organization, administrative and legal expenses; and

h. projected permanent financing costs;

3. an estimated timetable for the proposed financing arrangements through completion of construction;

4. the construction schedule proposed for completion of the casino including therein projected dates for completion of construction and commencement of gaming activities and indicating whether the construction contract includes a performance bond;

5. explanation and identification of the source or sources of funds for the construction of the casino;

6. description of the casino size and approximate configuration of slot machines and table games including the type of slot machine and table games and the proposed distributors and manufacturers of this equipment;

7. a detailed plan of surveillance and surveillance equipment to be installed;

8. proposed hours of operation;

9. the proposed management plan, management personnel by function and organizational chart by position;

10. a general promotion and advertising plan. A general description of the amounts, kinds and types of general promotion and advertising campaign(s) which will likely be undertaken by the applicant including information whether any national or regional advertising will occur, the medium(s) which may be used, the proposed market and whether any other facility or activity except the casino will be included in such advertising;

11. a feasibility study. Each applicant shall submit or make available to division or board personnel a feasibility study performed by an independent or approved applicant's staff consultant, which study shall examine, evaluate and attest to the feasibility of the applicant's proposed operation and shall describe or list the evaluation methodology used. The feasibility study shall include a list of the consultant's qualifications, a discussion of the overall market for gaming operations and the effect of the proposed casino on the market. In addition, the feasibility study shall address possible competition from other casinos and other forms of gaming in all areas of Louisiana and other states; and,

12. an economic development and utilization plan. Each applicant shall submit an economic development plan addressing the purchasing of or utilization of goods and services in the construction and operation of the proposed casino. The plan shall include a list and offer of voluntary conditions by the applicant regarding the following procurement:

a. an estimated procurement budget for resources and goods to be used in the operation of a casino listing the amount of the proposed utilization of Louisiana resources, goods and services in the operation of the casino and the area from which they will be procured;

b. a list of employees which the applicant anticipates employing in the casino operation, including job classifications and total estimated salaries;

c. the percentage of Louisiana residents projected to be hired and the percentage of minorities and women projected to be employed.

B. Upon request by the board or division, an applicant for a license shall provide a copy proposed internal controls which shall include:

1. accounting and financial controls including procedures to be utilized in counting, banking, storage and handling of cash;

2. procedures, forms and where appropriate, formulas covering the calculation of hold percentages, revenue drop, expenses and overhead schedules, complimentary services, cash equivalent transactions, salary structure, and personnel practices;

3. job descriptions and the systems of personnel and chain-of-command, establishing a diversity of responsibility among employees engaged in gaming operations and identifying primary and secondary supervisor positions for areas of responsibility, which areas shall not be so extensive as to be impractical for an individual to monitor;

4. procedures within the cashier's cage for the receipt, storage, and disbursal of chips, if applicable, cash, and other cash equivalents used in gaming, the payoff of jackpots, and the recording of transactions pertaining to gaming operations;

5. if applicable, procedures for the collection and security of monies at the gaming tables;

6. if applicable, procedures for the transfer and recordation of chips between the gaming tables and the cashier's cage;

7. if applicable, procedures for the transfer of monies from the gaming tables to the counting process;

8. procedures for the counting and recordation of revenue;

9. procedures for the security, storage, and recordation of cash equivalents utilized in other gaming operations;

10. procedures for the transfers of monies, cash equivalents or chips, if applicable from and to the slot machines;

11. procedures and standards for the opening and security of slot machines;

12. procedures for the payment and recordation of slot machine jackpots;

13. procedures for the cashing and recordation of checks exchanged by patrons;

14. procedures governing the utilization of the private security force within the designated area;

15. procedures and security standards for the handling and storage of gaming devices, machines, apparatus, including cards and dice, if applicable, and all other gaming equipment;

16. procedures and rules governing the conduct of particular games and the responsibilities of the gaming personnel in respect thereto; and,

17. such other procedures, rules or standards that the division may impose on a licensee regarding its operations.

C. In addition, the division may require an applicant to provide such other information and details as it needs to discharge its duties properly.

D. Failure to comply with the provisions of this Section may constitute grounds for delaying consideration or for denial of the application.

La. Admin. Code tit. 42, § III-2123

Promulgated by the Department of Public Safety and Corrections, Gaming Control Board, LR 38:1613 (July 2012).

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