Section 296-3.014 - PASSIVE INVESTOR3.014.01 Any investor in an Authorized Gaming Operator, Management Company, Holding Company, or Gaming-Related Vendor that falls below the threshold needed to be considered an institutional investor will not:3.014.01A Exercise influence over the affairs of the Authorized Gaming Operator, Management Company, Holding Company, or Gaming-Related Vendor;3.014.01B Exercise influence over the affairs of a holding, intermediate, subsidiary or parent company of the Authorized Gaming Operator, Management Company, Holding Company, or Gaming-Related Vendor; i. Use or authorize the use of authority or influence of its employees, members, or owners to secure anything of value or the promise or offer of anything of value that is of such character as to manifest a substantial and improper influence in relation to the gaming activities under the jurisdiction of the Commission; orii. Participate in any other conduct in relation to the operation of gaming in Nebraska that the Commission considers inconsistent with passive institutional investment status.3.014.02 Any investor failing to comply with this rule will no longer have the status as a passive institutional investor.296 Neb. Admin. Code, ch. 3, § 296-3.014
Adopted effective 5/16/2022Amended effective 2/1/2023