Section 68 IAC 5-1-1 - Approval requiredAuthority: IC 4-33-4; IC 4-35-4
Affected: IC 4-33; IC 4-35
Sec. 1.
(a) This rule applies to:(2) casino licensees, casino license applicants, and supplier licensees that are publicly traded corporations; and(3) casino licensees, casino license applicants, and supplier licensees owned directly or indirectly by a publicly traded corporation, whether through a subsidiary or intermediary company thereof; where the ownership interest directly or indirectly is, or will be upon approval by the commission, five percent (5%) or more of the entire casino licensee, casino license applicant, or supplier licensee.
(b) The following definitions apply throughout this rule:(1) "Applicant" means a person who is seeking permission from the commission to obtain an ownership interest in a casino licensee, casino license applicant, or a supplier licensee.(2) "Publicly traded corporation" means the following:(A) Any person, other than an individual, that: (i) has one (1) or more classes of voting securities registered under Section 12 of the Securities and Exchange Act of 1934 ( 15 U.S.C. 78a et seq.);(ii) issues securities and is subject to Section 15(d) of the Securities and Exchange Act of 1934 ( 15 U.S.C. 78a et seq.); or(iii) has one (1) or more classes of voting securities exempted from the registration requirements of Section 5 of the Securities Act of 1933 ( 15 U.S.C. 78a et seq.) due to an exemption contained in Section 3(a)(10), 3(a)(11), or 3(c) of the Securities Act of 1933 ( 15 U.S.C. 78a et seq.); or any other company required to file under the Securities and Exchange Act of 1934.(B) Any person, other than an individual, created under the laws of a foreign country that: (i) has one (1) or more classes of voting securities registered on that country's securities exchange or over-the-counter market; and(ii) the commission has determined that the business entity's activities are regulated in a manner that protects the investors and Indiana. The term includes any person, other than an individual, that has securities registered or is an issuer under this definition solely because it guaranteed a security issued by an affiliate under a public offering and is considered by the Securities and Exchange Commission to be a co-issuer of a public offering of securities under Rule 140 of the Securities and Exchange Act of 1934 ( 15 U.S.C. 78a et seq.).(c) A direct or indirect ownership interest of five percent (5%) or more in a casino licensee, a casino license applicant, or a supplier licensee that is a publicly traded corporation may only be transferred in accordance with this rule.Indiana Gaming Commission; 68 IAC 5-1-1; filed Dec 11, 1995, 4:30 p.m.: 19 IR 1030; readopted filed Nov 25, 2002, 10:11 a.m.: 26 IR 1261; readopted filed Nov 14, 2008, 12:51 p.m.: 20081210-IR-068080730RFA; filed Dec 6, 2012, 2:32 p.m.: 20130102-IR-068110786FRAReadopted filed 9/19/2018, 4:09 p.m.: 20181017-IR-068180283RFA