La. Admin. Code tit. 42 § III-2512
Current through Register Vol. 50, No. 6, June 20, 2024
Section III-2512 - Effect of Permission to Participate; WithdrawalA. The granting of emergency permission to participate is a revocable privilege. The granting of emergency permission to participate is not a finding by the board that the applicant for emergency participation is qualified and suitable in accordance with the Act and rules. Such emergency permission to participate is without prejudice to any action that the division or board may take with respect to any application for approval of the proposed transfer of interest. All emergency permissions to participate are subject to the condition that they may be revoked or suspended at any time without a right to a hearing to review the board's decision. The provisions contained in this Section are to be considered a part of any emergency participation granted by the board whether or not they are included in the order granting such emergency participation.B. Upon notice that the emergency permission to participate has been withdrawn, suspended or revoked, the proposed transferee shall immediately terminate any participation whatsoever in the operations of the licensee, permittee, casino operator, casino manager or person required to meet the suitability requirements of the Act and rules. Anything of value, including money, contributed to the operations of the licensee, permittee, casino operator, casino manager or person required to meet the suitability requirements of the Act and rules shall be immediately returned to the proposed transferee. Non-compliance with this Section shall be considered a violation of the Act and rules.La. Admin. Code tit. 42, § III-2512
Promulgated by the Department of Public Safety and Corrections, Gaming Control Board, LR 38:1627 (July 2012).AUTHORITY NOTE: Promulgated in accordance with R.S. 27:15 and 24.