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Can you summarize ARAR 006.06.59?
Casino Gaming Rules > Closing of Business; Death or Disability; Insolvency
Short Summary
This document, part of the Arkansas Administrative Rules for the Department of Finance and Administration’s Racing Commission, governs the surrender of a casino license in the event of the closing of a gaming establishment. It outlines the requirements for license surrender and the appointment of a supervisor to ensure the continuation of gaming operations. The document also covers the procedures to be followed in the event of the death or disability of a licensee, including notification to the Commission and the possibility of continuing operation by a spouse, next of kin, personal representative, or guardian. Additionally, it addresses the insolvency of a licensee and the requirement to notify the Commission in case of bankruptcy or appointment of a receiver or assignee. The document does not apply in cases of closure due to natural disasters, fire, or physical destruction of the licensed gaming establishment. Specific penalties for non-compliance or violation of the document’s provisions are not mentioned.
Whom does it apply to?
Gaming establishments and licensees
What does it govern?
Surrender of license on closing of business, death or disability of licensee, insolvency of a licensee
What are exemptions?
Closure due to natural disaster, fire, or physical destruction of the licensed gaming establishment
What are the Penalties?
Not specified
Jurisdiction
Arkansas