Each pari-mutuel book, each licensed systems operator, and each track which offers an interstate common pari-mutuel pool shall:

1. (1) Maintain and retain all records required by the Arkansas Racing Commission for at least five (5) years after they are made and shall provide them to the commission upon the commission’s request; and
2. (2) Allow the members of the commission, their agents, and employees to immediately inspect and examine the premises and immediately inspect, examine, photocopy, and audit all papers, books, and records of the pari-mutuel book, track and systems operator, on the premises, or elsewhere as practicable.