La. Admin. Code tit. 42 § III-2709

Current through Register Vol. 50, No. 6, June 20, 2024

Section III-2709 - Standard Financial Statements

A. The division may prescribe a uniform chart of accounts including account classifications in order to insure consistency, comparability, and appropriate disclosure of financial information. The prescribed chart of accounts shall be the minimum level of detail to be maintained for each accounting classification by the licensees or casino operator. A licensee or casino operator shall prepare its financial statements in accordance with the division's chart of accounts or the licensee's or casino operator's chart of accounts if the division does not prescribe a chart of accounts.

B. A licensee and casino operator shall furnish to the division on a form, as prescribed by the division, a quarterly financial report. The quarterly financial report shall also present all data on a monthly basis. Monthly financial reports shall include reconciliation of general ledger amounts with amounts reported to the division. The quarterly financial report shall be submitted to the division no later than 60 days following the end of each quarter.

C. A licensee or casino operator shall submit to the division one copy of any report including, but not limited to, Forms S-1, 8-K, 10-Q, and 10-K, required to be filed with the Securities and Exchange Commission or other domestic or foreign securities regulatory agency by the licensee or casino operator, and their holding company, intermediate company, or parent company. These reports shall be delivered to the division within 15 days of the time of filing with such commission or agency or within 15 days of the due date prescribed by such commission or regulatory agency, whichever comes first.

La. Admin. Code tit. 42, § III-2709

Promulgated by the Department of Public Safety and Corrections, Gaming Control Board, LR 38:1630 (July 2012).

AUTHORITY NOTE: Promulgated in accordance with R.S. 27:15 and 24.