The commission may revoke any license, after hearing, for cause. It may discipline any principal, manager, second, promoter, matchmaker, participant, or other licensee who violates the provisions of this article or the applicable regulations. Disciplinary action may take the form of a civil penalty or revocation or suspension of a license held by a licensee connected with the violation for all or any part of the unexpired portion and a refusal to renew a license, or both.