The commission may not issue an owner's license under this chapter to a person if:

1. (1) the person has been convicted of a felony under Indiana law, the laws of any other state, or laws of the United States;
2. (2) the person has knowingly or intentionally submitted an application for a license under this chapter that contains false information;
3. (3) the person is a member of the commission;
4. (4) the person is an officer, a director, or a managerial employee of a person described in subdivision (1) or (2);

5. (5) the person employs an individual who:

   1. (A) is described in subdivision (1), (2), or (3); and
   2. (B) participates in the management or operation of gambling operations authorized under this article;
6. (6) the person owns an ownership interest of more than the total amount of ownership interest permitted under section 3.5 of this chapter; or

7. (7) a license issued to the person:

   1. (A) under this article; or

   2. (B) to own or operate gambling facilities in another jurisdiction;

      has been revoked.

As added by P.L.277-1993(ss), SEC.124. Amended by P.L.149-2003, SEC.2.