W. Va. Code R. § 179-8-22

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 179-8-22 - Casino License Application Forms; Amendments to Application Forms and Documents

22.1. A person applying for the racetrack table games license and a person required to be qualified as part of the application may be required to complete and submit an initial application and disclosure form or forms in the manner and form prescribed by the Commission. In this case, an applicant shall make the application and disclosure form or forms under oath on forms provided by the Commission.

22.2. A casino licensee is under a continuing duty to disclose any substantive changes in the information or documentation provided in or with the application, renewal, and disclosure forms submitted to the Commission. A casino licensee shall submit an amendment to its application if it knows or should have known that there has been a change in any of the following:

22.2.a. A change of the applicant's key persons or the key persons of its holding companies or affiliates that have control of the applicant;

22.2.b. A change in the type of business organization or entity;

22.2.c. A change of more than five percentage points in capitalization or debt to equity ratio;

22.2.d. A change of debt holders;

22.2.e. A change of investors or stockholders unless the licensee is a publicly traded company; or

22.2.f. A change of the source of funds.

W. Va. Code R. § 179-8-22