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Can you summarize 16-633 MECM Ch. 4?
Gambling Control Board > Licensee Records
Short Summary
This legal document, part of the Code of Maine Rules under the Public Safety section, specifically pertains to the Gambling Control Board. It outlines the requirements for maintaining and providing licensee records for slot machine operator licensees and casino operator licensees. The document specifies the records that need to be kept and provided upon request, including ownership records for publicly traded corporations, records for non-publicly traded corporations, limited liability companies, partnerships, and sole proprietorships. Additionally, the document outlines the accounting records that need to be maintained, including complete and accurate records of transactions, detailed subsidiary records, and various financial and statistical reports that need to be filed with the Board on a daily, weekly, monthly, and annual basis. The document also mentions the requirement for annual financial statements to be audited by an independent certified public accountant and the submission of reports required by the Securities and Exchange Commission for public reporting companies. Overall, this document sets forth the necessary records and reporting obligations for licensees in the gambling industry in Maine.
Whom does it apply to?
Slot machine operator licensee, casino operator licensee
What does it govern?
Licensee Records
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Maine