La. Admin. Code tit. 42 § III-2522

Current through Register Vol. 50, No. 11, November 20, 2024
Section III-2522 - Definitions

Affiliate- a person that directly or indirectly through one or more intermediary or holding company, controls, or is controlled by, or is under common control with the licensee, casino operator or casino manager and is involved in gaming activities in this state or involved in the ownership of property in this state upon which gaming activities are conducted.

Debt Transaction- a transaction in which the licensee, casino operator, casino manager or an affiliate incurs debt, including, but not limited to the following:

1. loans, lines of credit or similar financing;

2. public and private debt offerings; or

3. any transaction that provides guarantees, grants a form of security or encumbers assets of the licensee, casino operator or casino manager or an affiliate.

Publicly Traded Company- any person, other than an individual, that:

1. has one or more voting securities registered under Section 12 of the Securities and Exchange Act of 1934, as amended;

2. is an issuer of securities subject to Section 15(d) of the Securities and Exchange Act of 1934, as amended; or

3. has one or more classes of securities exempted from the registration requirements of section 5 of the Securities Act of 1933, as amended, solely by reason of an exemption contained in section 3(a)(10), 3(a)(11), or 3(c) of the Securities Act of 1933, as amended.

La. Admin. Code tit. 42, § III-2522

Promulgated by the Department of Public Safety and Corrections, Gaming Control Board, LR 36:1268 (June 2010).
AUTHORITY NOTE: Promulgated in accordance with R.S. 27:15 and R.S. 27:24.