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Can you summarize OHAC Chapter 3772-4?
Ohio Casino Control Commission > Casino Operator, Management Company, and Holding Company Licenses
Short Summary
This legal document governs the license fees for casino operators, management companies, and holding companies in Ohio. It specifies that an applicant for an initial casino operator license must pay a nonrefundable license fee of fifty million dollars for each casino facility. For new or renewal casino operator, management company, or holding company licenses, the nonrefundable license fee is one million five hundred thousand dollars for each casino facility. The document also outlines the duty of casino operators, management companies, and holding companies to update certain information with the Ohio Casino Control Commission. This includes changes to name, state of incorporation or principal place of business, individuals required to be found suitable, shareholders with greater than five percent ownership interest, bankruptcy filings, arrests, charges, pleas, or convictions related to the casino operator or individuals required to be found suitable, inquiries, investigations, or actions filed against the casino operator or individuals required to be found suitable, rejections, suspensions, revocations, or denials of gaming-related applications or licenses, fines, penalties, or settled amounts relating to gaming-related licenses, and any other information that would affect the suitability of the casino operator, management company, or holding company to obtain and maintain a license. The document also requires notification to the commission of any termination or suspension of key employees or casino gaming employee licensees. Additionally, the document sets forth the affirmative license standards for granting casino operator, management company, and holding company licenses. Applicants must establish their suitability for licensure, as well as the suitability of all holding companies. The document considers factors such as reputation, business experience, character, integrity, financial stability, compliance history, criminal history, and associations of the applicant and its holding companies. The suitability of facilities, revenue prospects, and impact on public confidence in the casino gaming industry are also taken into account. The document does not specify any penalties for non-compliance or violations.
Whom does it apply to?
Applicants for casino operator, management company, and holding company licenses in Ohio
What does it govern?
License fees for casino operators, management companies, and holding companies in Ohio
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Ohio