(b) Without limiting the foregoing, the commission may seek termination whenever:

1. (1) License fees and taxes are not paid when due;
2. (2) The establishment enters into voluntary or involuntary bankruptcy proceedings;
3. (3) The establishment’s debts exceed the value of its assets or the establishment cannot meet its debts as they become due;
4. (4) The commission determines that a violation of the rules enacted pursuant thereto, relating to the establishment has occurred subsequent to the supervisorship;

5. (5) A former owner, the former owner’s agent, employee, or representative are determined by the commission to have violated any statute or regulation relating directly or indirectly to gaming or the administration of the supervisorship, other than the violation, if any, which resulted in the:

   1. (A) Revocation;
   2. (B) Suspension;
   3. (C) Surrender; or
   4. (D) Lapse;
6. (6) The death, disability, or removal of the supervisor;
7. (7) Closure of gaming operations at the establishment for any reason, regardless of fault; or
8. (8) Any circumstances which, in the determination of the commission, renders continued operations under the supervisorship impractical or detrimental to the interests of the State of Arkansas, or licensed gaming, or both.