Mich. Admin. Code R. 432.1315
Rule 315. A person that applies for or holds a casino license or any holding company, affiliate, or person that has control of a person that applies for or holds a casino license shall notify the board, in writing, as soon as practicable, after it becomes aware that it intends to enter into a transaction related in any way to the development and operation of the Michigan casino and related casino enterprises that may result in any new financial backers, investors, mortgages, bondholders, or holders of indentures, notes, or other evidences of indebtedness of the applicant or licensee. A publicly traded corporation shall be considered to have complied with this rule if it has complied with the reporting requirements in R 432.1406.
Mich. Admin. Code R. 432.1315