N.M. Code R. § 15.1.10.30

Current through Register Vol. 35, No. 11, June 11, 2024

Section 15.1.10.30 - INFORMATION TO BE PROVIDED BY LICENSEES

A. Every licensee shall report to the board, on a quarterly basis, the full name and address of every person, including lending agencies, who has any right, direct or indirect, to share in the profits of such licensed gaming activities, or to whom any interest or share in the profits of a licensed gaming activity has been pledged as security for a debt or deposited as a security for the performance of any act or to secure the performance of a contract or sale. Such report shall be submitted concurrently with an application for renewal of the license.

B. Every gaming operator licensee shall report to the board, within 10 days of the date of the event, the name, date of birth, and social security number of any person who acquires the right or ability to control the licensee.

C. Every licensee shall report to the board in writing any change in key executive personnel. The report shall be made no later than 30 days after the change.

D. A company licensee, other than a publicly traded corporation, shall obtain the board's prior approval before issuing or transferring five percent or more of its securities to any person. Any company licensee seeking approval shall file a report of the proposed action and request the board's approval. The licensee shall supplement the report with any additional information the board determines is reasonably necessary to its decision to approve or disapprove the proposed action. The request shall be deemed fled upon receipt of such information for purposes of the 90 day period set forth in Section 60-2E-25(A) of the act.

E. Any person licensed by the board, including employees with work permits, and any affiliate, shall notify the board in writing of any criminal conviction and criminal charge pending against such person within 10 days of such person's arrest, summons, or conviction. Notice is not required for any non-felony traffic violation unless the violation results in suspension or revocation of a driver's license or is based on allegations of driving under the influence of intoxicating liquor or drugs.

F. Each licensee shall report any discovered or suspected plan, scheme, device or other methods of cheating that may compromise the integrity of any gaming device sold or offered for sale, offered for play, or used for any other gaming purpose within the state by such licensee. The report shall be in writing and shall be submitted not later than seven days after discovery of the plan, scheme, device or other method of cheating. The subject matter and reports of the investigation conducted under this subsection shall be considered Confidential except that the board may, in its sole discretion, take whatever steps it deems necessary or appropriate to address or mitigate the cheating problem, including distributing a warning about the cheating problem to other state licensees or other licensing jurisdictions.

G. An individual who is the holder of a work permit or certification of finding of suitability shall notify the board in writing of any change in address or gaming employment within 15 days of the change. Refusal or failure to notify the board of any change in address shall be grounds for disciplinary action.

H. A licensee that is a manufacturer, distributor or racetrack gaming operator licensee shall report to the board in writing within 60 days if it becomes a party to any civil, administrative or regulatory action or cause of action in any jurisdiction where the licensee reasonably believes the amount in controversy is five thousand ($5,000) or more. A licensee that is a nonprofit gaming operator shall report to the board in writing within 60 days if it becomes a party to any civil cause of action where the licensee reasonably believes the amount in controversy is one thousand ($1,000) or more. A licensee that is a nonprofit gaming operator shall report to the board in writing within 60 days if it becomes a party to any regulatory or administrative action. Following such written report, a licensee shall provide any additional documentation requested by the board within the time frame specified in the request for additional documentation.

I. A licensee that is a nonprofit gaming operator licensee shall notify the board in writing within 30 days of any change in membership of the licensee's governing board or officers, including the names, telephone numbers and addresses of new board members or officers.

J. A licensee that is a racetrack gaming operator shall notify the board within 30 days of any change to its organizational structure or management responsibilities.

K. Each licensee shall notify the board within 30 days if it becomes subject to any tax leins.

N.M. Code R. § 15.1.10.30

12/31/98; 15.1.10.30 NMAC - Rn, 15 NMAC 1.10.30, 3/31/00; A, 12/28/01; A, 2/28/05; A, 6/30/08, Adopted by New Mexico Register, Volume XXVI, Issue 19, October 15, 2015, eff. 10/15/2015, Adopted by New Mexico Register, Volume XXVII, Issue 02, January 29, 2016, eff. 1/29/2016