Ask Reggi Your Question Now
Can you summarize Nevada GCCB Regulation 9?
Regulations of the Nevada Gaming Commission and Control Board > Regulation 9
Short Summary
This document, part of the Regulations of the Nevada Gaming Commission and Control Board, governs the surrender of licenses and the closing of gaming establishments. It applies to licensees of gaming establishments. The document states that if a gaming establishment is conveyed to a secured party without the necessary licenses, and the licensee ceases gaming operations as a result, the licensee must surrender the gaming license. Surrender is accepted upon written notification from the Board Chair, and the license is deemed to have lapsed. In certain cases, the Commission may petition a district court for the appointment of a supervisor to ensure the continuation of gaming operations. Additionally, any licensee who surrenders, abandons, or quits their licensed establishment, or closes all licensed games for more than 30 days, must surrender their license to the Board. Temporary closures are allowed under specific circumstances, such as natural disasters or emergency declarations, with authorization from the Board Chair. The document also outlines the fees and taxes that must be paid during authorized closures. Special exemptions apply to gaming establishments utilized for special events of less than 10 days duration, subject to certain conditions. The document emphasizes that licensees must comply with the Nevada Gaming Control Act and regulations, and may be subject to additional conditions as determined by the Board. This document also pertains to the insolvency of a licensee. If a licensee files for bankruptcy, has a receiver appointed, or makes an assignment for the benefit of creditors, they must immediately notify the Board in writing, attaching relevant court documents. The operation of the licensed establishment by a trustee, receiver, or assignee for the benefit of creditors requires authorization from the Commission. The trustee, receiver, or assignee must apply for permission to continue operating the establishment, following the same process as an initial license application. The Commission has the discretion to withdraw permission for the trustee, receiver, or assignee to operate the establishment at any time. No specific penalties are mentioned in this document.
Whom does it apply to?
Licensees of gaming establishments
What does it govern?
Surrender of licenses and closing of gaming establishments
What are exemptions?
Temporary closures under specific circumstances with authorization from the Board Chair, gaming establishments utilized for special events of less than 10 days duration subject to certain conditions
What are the Penalties?
No specific penalties are mentioned in this document
Jurisdiction
Nevada