- (a) Casino licenses shall only be effective for the individual, corporation, partnership, association, trust, or other entity identified in the original application.
- (b) A casino licensee may sell, transfer, or otherwise dispose of its license to another person or entity who demonstrates casino gaming experience upon approval from the Arkansas Racing Commission.
- (c) A casino licensee shall not make any modification to the board members or officers as designated in the initial application without prior approval from the commission.
- (d) A casino licensee’s failure to obtain approval from the commission before engaging in ownership changes described in subsections (b) and (c) of this section may result in the commission’s revocation of that license.
- (e) In order to obtain approval to transfer ownership of a casino license, the casino licensee shall submit to the commission an application for license transferal on a form and in a manner prescribed by the commission.
(f)
- (1) If the commission denies an application for transfer of license, the commission shall provide written notice by certified mail or personal delivery to the licensee.
- (2) The notice shall provide an explanation for the denial of the application.
- (3) The casino licensee whose application for transfer is denied may request a hearing before the commission and may appeal the commission’s decision pursuant to 23 CAR § 358-219.