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Can you summarize 11 CACR Section 2052?
Operation of Gambling Establishments > Information to be Furnished by Licensees.
Short Summary
This legal document, found in the California Code of Regulations, pertains to the operation of gambling establishments. It outlines the information that licensees of gambling establishments are required to furnish to the Bureau of Gambling Control. Licensees must submit a written report twice a year, on January 1 and July 1, identifying every person who received or had a right to receive payments based on the earnings, profits, or receipts generated from controlled gambling at the establishment. Additionally, licensees must report any interest in the assets, earnings, profits, or receipts of the establishment that have been pledged or hypothecated. Furthermore, if an owner licensee or key employee becomes aware of a possible violation of the Act or regulations, they must submit a written report to the Bureau within five days, providing details of the violation, the involved individuals, and the actions taken to address the violation. The document cites the relevant sections of the Business and Professions Code as the authority for these requirements.
Whom does it apply to?
Gambling establishments
What does it govern?
Operation of Gambling Establishments
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
California