reglab/statecodes huggingface dataset:
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.410 - Exemption of State from operation of 15 U.S.C. § 1172.

Pursuant to section 2 of that certain Act of the Congress of the United States entitled "An act to prohibit transportation of gambling devices in interstate and foreign commerce," approved January 2, 1951, being c. 1194, 64 Stat. 1134, and also designated as 15 U.S.C. §§ 1171-1177, the State of Nevada, acting by and through its duly elected and qualified members of its Legislature, does hereby in this section, and in accordance with and in compliance with the provisions of section 2 of such Act of Congress, declare and proclaim that it is exempt from the provisions of section 2 of that certain Act of the Congress of the United States entitled "An act to prohibit transportation of gambling devices in interstate and foreign commerce," approved January 2, 1951, being c. 1194, 64 Stat. 1134.
[1:97:1951]
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.420 - Legal shipments of gambling devices into State.

All shipments of gambling devices, including slot machines, into this state, the registering, recording and labeling of which has been duly had by the manufacturer or dealer thereof in accordance with sections 3 and 4 of that certain Act of the Congress of the United States entitled "An act to prohibit transportation of gambling devices in interstate and foreign commerce," approved January 2, 1951, being c. 1194, 64 Stat. 1134, and also designated as 15 U.S.C. §§ 1171-1177, shall be deemed legal shipments thereof into this state.
[2:97:1951]
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.421 - Definitions.

As used in NRS 463.421 to 463.480, inclusive, unless the context otherwise requires, the words and terms defined in NRS 463.4212 to 463.4218, inclusive, have the meanings ascribed to them in those sections.
(Added to NRS by 1987, 1779; A 1997, 1196)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.4218 - "User" defined.

"User" means an operator of a race book, sports pool or gambling game who is licensed in this state and receives and displays a live broadcast within this state and uses information contained in the broadcast to determine winners of or payoffs on wagers the operator accepts.
(Added to NRS by 1987, 1779)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.422 - Proposal by disseminator for exclusive right to disseminate live broadcast for racing meet; determination of necessity of hearing; notice; determination without hearing.

1. A disseminator who wishes to submit a proposal for the exclusive right to disseminate a live broadcast for a racing meet to users must give written notice to the Board in accordance with the requirements established in the regulations adopted by the Commission.
2. After the Board receives such a notice, the Board shall notify the disseminator indicating when a written proposal must be submitted. If the Board reviews the submitted proposals and determines that a hearing is necessary, the Board shall notify each disseminator and user indicating that the Board intends to conduct a hearing to determine which disseminator will receive the exclusive right to disseminate a live broadcast for a racing meet to users.
3. If the Board reviews the submitted proposals and determines that the selection of a disseminator may be made without a hearing, it shall notify each disseminator and the public of its determination.
4. All notifications provided by the Board pursuant to this section must:
(a) Contain all information; and
(b) Conform with all requirements relating to the manner, timing and form for such notifications,
that the Commission, with the advice and assistance of the Board, may prescribe by regulation.
(Added to NRS by 1987, 1779; A 1991, 1844; 2009, 287)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.423 - Hearing panel: Appointment; qualifications; expenses; agreements for services; additional personnel.

1. Whenever the Board decides to conduct a hearing to determine which disseminator will receive the exclusive right to disseminate a live broadcast for a racing meet to users, the Board shall appoint a hearing panel, consisting of three members, to conduct the hearing. The Commission, with the advice and assistance of the Board, shall prescribe by regulation the qualifications of those members.
2. The members of the panel are entitled to receive the necessary expenses incurred in carrying out their duties as prescribed by the Board.
3. The Board may enter into agreements necessary to provide for the services of the members of the hearing panels appointed pursuant to this section.
4. The Board shall provide from its staff such additional personnel as it deems necessary to carry out the provisions of this section.
(Added to NRS by 1987, 1779; A 1991, 1844; 2009, 287)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.424 - Procedure at hearing; submission of recommendation to Board; action on recommendation; regulations for contents of proposals.

1. The hearing panel shall keep a record of the hearing and allow any disseminator or user to present oral or written testimony at the hearing.
2. At the hearing each interested disseminator shall present a proposal for the exclusive right to disseminate a live broadcast to users.
3. A user may present evidence in support of or in opposition to any proposal presented by a disseminator, except that a user may not offer an opinion as to which disseminator the panel should recommend to the Board.
4. Within 10 days after the hearing is completed, the hearing panel shall select the proposal of one disseminator from the proposals presented at the hearing and submit to the Board the name of that disseminator as its recommendation.
5. The Board may accept or reject the recommendation of the hearing panel. If the Board rejects the recommendation, it may select any other disseminator who presented a proposal at the hearing, or may reject all proposals presented at the hearing.
6. The Commission, with the advice and assistance of the Board, shall adopt regulations prescribing the information and documentation each disseminator must include in his or her proposal.
(Added to NRS by 1987, 1779)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.425 - Administrative review of decision of Board.

1. Any disseminator who presents a proposal or user who presents evidence at the hearing conducted pursuant to NRS 463.424 may appeal the decision of the Board. The aggrieved party must file a petition with the Commission within 10 days after the Board issues its decision.
2. The party seeking the review bears the burden of proof. The Commission’s review must be confined to the record and is limited solely to a consideration and determination of the question of whether there has been an abuse of discretion by the Board in its decision.
3. The decision of the Commission is final and is not subject to judicial review.
(Added to NRS by 1987, 1780)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.426 - Powers of Board.

The Board may:
1. Authorize a disseminator to enter into an agreement with a track to disseminate to users a live broadcast which is received from the track.
2. Establish fees to be paid by a disseminator of a live broadcast in an amount which is equal to the cost of carrying out the provisions of NRS 463.421 to 463.427, inclusive.
(Added to NRS by 1987, 1780; A 2009, 288)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.430 - Unlawful to disseminate information without license; exceptions.

1. It is unlawful for any person in this state to receive, supply or disseminate in this state by any means information received from any source outside of this state concerning racing, when the information is to be used to maintain and operate any gambling game and particularly any race book, except off-track pari-mutuel wagering for which the user is licensed pursuant to chapter 464 of NRS, without first having obtained a license so to do as provided in NRS 463.430 to 463.480, inclusive.
2. The provisions of this section do not apply to:
(a) Any person who provides a televised broadcast which is presented without charge to any person who receives the broadcast.
(b) Any licensee who has been issued a gaming license and receives from or supplies to any affiliated licensee, by means of a computerized system for bookmaking used by the licensee and the affiliated licensee, information concerning racing.
3. For the purposes of this section:
(a) Any broadcasting or display of information concerning racing held at a track which uses the pari-mutuel system of wagering is an incident of maintaining and operating a race book.
(b) "Affiliated licensee" means any person to whom a valid gaming license or pari-mutuel wagering license has been issued that directly, or indirectly, through one or more intermediaries, controls, or is controlled by, or is under common control with, a licensee.
[1:152:1949; 1943 NCL § 6227.01]—(NRS A 1983, 1035, 1894; 1985, 2140; 1989, 1097; 1997, 2063)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.435 - Renewal of license: Application to include information relating to state business license; denial of renewal for unpaid debt assigned to State Controller for collection.

1. In addition to any other requirements set forth in this chapter, an applicant for the renewal of a license issued pursuant to NRS 463.430 to 463.480, inclusive, must indicate in the application submitted to the Commission whether the applicant has a state business license. If the applicant has a state business license, the applicant must include in the application the business identification number assigned by the Secretary of State upon compliance with the provisions of chapter 76 of NRS.
2. A license issued pursuant to NRS 463.430 to 463.480, inclusive, may not be renewed by the Commission if:
(a) The applicant fails to submit the information required by subsection 1; or
(b) The State Controller has informed the Commission pursuant to subsection 5 of NRS 353C.1965 that the applicant owes a debt to an agency that has been assigned to the State Controller for collection and the applicant has not:
(1) Satisfied the debt;
(2) Entered into an agreement for the payment of the debt pursuant to NRS 353C.130; or
(3) Demonstrated that the debt is not valid.
3. As used in this section:
(a) "Agency" has the meaning ascribed to it in NRS 353C.020.
(b) "Debt" has the meaning ascribed to it in NRS 353C.040.
(Added to NRS by 2013, 2733)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.440 - Regulation and control of dissemination of information: Public policy of State; power of Commission; regulations.

1. In addition to the state policy concerning gaming as set forth in NRS 463.0129, the Legislature hereby finds, and declares to be the public policy of this state concerning activities and information related to wagering on races held at a track which uses the pari-mutuel system of wagering that:
(a) All persons licensed to operate and maintain a sports pool or race book are entitled to receive on a fair and equitable basis all information concerning such racing that is being disseminated into and within this state.
(b) In order to protect the health, safety, morals, good order and general welfare of the public, all persons, associations, locations, practices and activities related to the dissemination and use of information concerning such racing should be controlled, supervised and properly licensed.
2. In accordance with reasonable regulations which may be adopted, amended or repealed by the Commission, the Commission has the power and jurisdiction:
(a) To regulate and control the business of supplying and disseminating information by such means concerning racing held at a track which uses the pari-mutuel system of wagering.
(b) To issue, condition, limit and restrict licenses to such disseminators.
(c) To suspend, revoke, condition or limit such licenses or impose fines in accordance with NRS 463.310.
(d) To prescribe the manner, terms and conditions for receiving, supplying or disseminating in this state information concerning such racing.
3. The Commission is empowered to adopt, amend and repeal such regulations as may be necessary for the orderly administration of NRS 463.430 to 463.480, inclusive, and for the protection of the public and in the public interest.
[2:152:1949; 1943 NCL § 6227.02]—(NRS A 1959, 455; 1983, 1036; 1985, 2141)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.445 - Control of rates charged by disseminator; report of financial information.

1. Except as otherwise provided in subsection 3, the Commission may fix, regulate and control the rates to be charged by any disseminator of information concerning racing held at a track which uses the pari-mutuel system of wagering, but the rates must be just and reasonable.
2. The Commission may require any licensee who subscribes to a disseminator’s service to report financial information relating to wagering and amounts won on each track or event, and may publish this information to ensure that the rates are just and reasonable.
3. The provisions of subsection 1 do not apply to the rates to be charged for the dissemination of live broadcasts.
(Added to NRS by 1983, 1036; A 1985, 2141; 1987, 1781; 2009, 288)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.450 - Fees: Amount; collection; overpayment or underpayment; deposit in State General Fund.

1. Any disseminator of such information obtaining a license under NRS 463.430 to 463.480, inclusive, shall pay to the Commission a fee of 4.25 percent of the total fees collected from users each calendar month for the dissemination of live broadcasts.
2. The Commission shall collect the fee on or before the last day of each calendar month for the preceding calendar month.
3. If the amount of the fee required by this section to be reported and paid is determined to be different than the amount reported or paid by the licensee, the Commission shall:
(a) Charge and collect any additional fee determined to be due, with interest thereon until paid; or
(b) Refund any overpaid fees to the person entitled thereto pursuant to this chapter, with interest thereon.
Interest pursuant to paragraph (a) must be computed at the rate prescribed in NRS 17.130 from the first day of the first calendar month following the due date of the additional license fees until paid. Interest pursuant to paragraph (b) must be computed at one-half the rate prescribed in NRS 17.130 from the first day of the first month following the date of overpayment until paid.
4. The Commission shall remit all fees collected, less any fees refunded pursuant to subsection 3, to the State Treasurer for deposit to the credit of the State General Fund.
[3:152:1949; 1943 NCL § 6227.03]—(NRS A 1959, 455; 1991, 934; 1995, 206; 1997, 1196; 2001, 3089)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.460 - Licensee to furnish information without discrimination.

Any disseminator of such information obtaining a license under NRS 463.430 to 463.480, inclusive, shall furnish such information to any licensed race book or sports pool which applies to the disseminator therefor, and the information must be furnished by the disseminator as adequately and efficiently as it is furnished to any other users of the information furnished by the disseminator.
[4:152:1949; 1943 NCL § 6227.04]—(NRS A 1985, 2142)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.462 - Payment of child support: Statement by applicant for license; grounds for denial of license; duty of Commission. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]

1. A natural person who applies for the issuance or renewal of a license issued pursuant to NRS 463.430 to 463.480, inclusive, shall submit to the Commission the statement prescribed by the Division of Welfare and Supportive Services of the Department of Health and Human Services pursuant to NRS 425.520. The statement must be completed and signed by the applicant.
2. The Commission shall include the statement required pursuant to subsection 1 in:
(a) The application or any other forms that must be submitted for the issuance or renewal of the license; or
(b) A separate form prescribed by the Commission.
3. A license may not be issued or renewed by the Commission pursuant to NRS 463.430 to 463.480, inclusive, if the applicant is a natural person who:
(a) Fails to submit the statement required pursuant to subsection 1; or
(b) Indicates on the statement submitted pursuant to subsection 1 that the applicant is subject to a court order for the support of a child and is not in compliance with the order or a plan approved by the district attorney or other public agency enforcing the order for the repayment of the amount owed pursuant to the order.
4. If an applicant indicates on the statement submitted pursuant to subsection 1 that the applicant is subject to a court order for the support of a child and is not in compliance with the order or a plan approved by the district attorney or other public agency enforcing the order for the repayment of the amount owed pursuant to the order, the Commission shall advise the applicant to contact the district attorney or other public agency enforcing the order to determine the actions that the applicant may take to satisfy the arrearage.
(Added to NRS by 1997, 2061)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.464 - Suspension of license for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of license. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]

1. If the Commission receives a copy of a court order issued pursuant to NRS 425.540 that provides for the suspension of all professional, occupational and recreational licenses, certificates and permits issued to a person who is the holder of a license issued pursuant to NRS 463.430 to 463.480, inclusive, the Commission shall deem the license issued to that person to be suspended at the end of the 30th day after the date on which the court order was issued unless the Commission receives a letter issued to the holder of the license by the district attorney or other public agency pursuant to NRS 425.550 stating that the holder of the license has complied with the subpoena or warrant or has satisfied the arrearage pursuant to NRS 425.560.
2. The Commission shall reinstate a license issued pursuant to NRS 463.430 to 463.480, inclusive, that has been suspended by a district court pursuant to NRS 425.540 if the Commission receives a letter issued by the district attorney or other public agency pursuant to NRS 425.550 to the person whose license was suspended stating that the person whose license was suspended has complied with the subpoena or warrant or has satisfied the arrearage pursuant to NRS 425.560.
(Added to NRS by 1997, 2062)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.466 - Application for license to include social security number of applicant. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]

The application of a natural person who applies for the issuance of a license issued pursuant to NRS 463.430 to 463.480, inclusive, must include the social security number of the applicant.
(Added to NRS by 1997, 2062)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.480 - Penalty.

A person, firm, association or corporation, or any of their officers or agents, who violates any of the provisions of NRS 463.430 to 463.460, inclusive, is guilty of a category C felony and shall be punished as provided in NRS 193.130.
[7:152:1949; 1943 NCL § 6227.07]—(NRS A 1967, 587; 1981, 1100; 1995, 1295; 2013, 2734)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.482 - Definitions.

As used in NRS 463.160 to 463.170, inclusive, 463.368, 463.386, 463.482 to 463.645, inclusive, and 463.750, unless the context otherwise requires, the words and terms defined in NRS 463.4825 to 463.488, inclusive, have the meanings ascribed to them in those sections.
(Added to NRS by 1969, 365; A 1977, 1438; 1979, 1528; 1981, 1100; 1985, 1476; 1987, 1743; 1989, 400; 1993, 2003; 2001, 3090; 2003, 20th Special Session, 13; 2005, 719; 2019, 1281)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.4825 - "Affiliated company" defined.

"Affiliated company" means a subsidiary company, holding company, intermediate company or any other form of business organization that:
1. Controls, is controlled by or is under common control with a licensee which is a corporation or limited-liability company; and
2. Is involved in gaming activities in this state or involved in the ownership of property in this state upon which gaming is conducted.
(Added to NRS by 1981, 1067; A 1993, 2004)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.484 - "Equity security" defined.

"Equity security" means:
1. Any voting stock of a corporation, or similar security;
2. Any security convertible, with or without consideration, into such a security, or carrying any warrant or right to subscribe to or purchase such a security;
3. Any such warrant or right; or
4. Any security having a direct or indirect participation in the profits of the issuer.
(Added to NRS by 1969, 365)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.485 - "Holding company" defined.

1. "Holding company" means any corporation, firm, partnership, limited partnership, limited-liability company, trust or other form of business organization not a natural person which, directly or indirectly:
(a) Owns;
(b) Has the power or right to control; or
(c) Holds with power to vote,
any part of the limited partnership interests, interests in a limited-liability company or outstanding voting securities of a corporation which holds or applies for a license.
2. For the purposes of this section, in addition to any other reasonable meaning of the words used, a holding company "indirectly" has, holds or owns any power, right or security mentioned in subsection 1 if it does so through any interest in a subsidiary or successive subsidiaries, however many such subsidiaries may intervene between the holding company and the corporation, limited partnership or limited-liability company which holds or applies for a license.
(Added to NRS by 1969, 366; A 1987, 618; 1993, 2004)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.486 - "Intermediary company" defined.

"Intermediary company" means any corporation, firm, partnership, limited partnership, limited-liability company, trust or other form of business organization other than a natural person which:
1. Is a holding company with respect to a corporation, limited partnership or limited-liability company which holds or applies for a license; and
2. Is a subsidiary with respect to any holding company.
(Added to NRS by 1969, 366; A 1987, 618; 1993, 2004)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.4862 - "Limited-liability company" defined.

"Limited-liability company" means a limited-liability company organized and existing pursuant to the provisions of chapter 86 of NRS or formed under the laws of any jurisdiction other than this State.
(Added to NRS by 1993, 1993; A 2007, 1113)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.4864 - "Limited partnership" defined.

"Limited partnership" means a partnership formed by two or more persons pursuant to the terms of chapter 87A or 88 of NRS or the laws of any state other than this State, having as members one or more general partners and one or more limited partners.
(Added to NRS by 1979, 1521; A 2007, 486, 1113)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.4865 - "Limited partnership interest" defined.

"Limited partnership interest" means the right of a general or limited partner to receive from a limited partnership:
1. A share of the profits;
2. Any other compensation by way of income; or
3. A return of any or all of the general or limited partner’s contribution to capital of the limited partnership,
or the right to exercise any of the rights or powers provided in chapter 87A or 88 of NRS or the laws of any state other than this State, whether directly or indirectly.
(Added to NRS by 1979, 1521; A 1985, 1296; 2007, 486, 1113)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.4868 - "Pension or employee benefit plan" defined.

1. "Pension or employee benefit plan" means an employee pension or welfare benefit plan subject to the Employee Retirement Income Security Act of 1974 or a state or federal government pension plan.
2. The term does not include an employee pension or welfare benefit plan established by a publicly traded corporation that is registered with the Commission, unless such a pension or benefit plan is a multiemployer plan as defined in the Employee Retirement Income Security Act of 1974, 29 U.S.C. § 1002(37) or § 1301(a)(3).
(Added to NRS by 2019, 1274)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.4869 - Proscribed activity" defined.

"Proscribed activity" means:
1. An activity that necessitates a change or amendment to the corporate charter, bylaws, management, policies or operation of a publicly traded corporation that is registered with the Commission;
2. An activity that materially influences or affects the affairs of a publicly traded corporation that is registered with the Commission; or
3. Any other activity determined by the Commission to be inconsistent with holding voting securities for investment purposes only.
(Added to NRS by 2019, 1274)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.487 - "Publicly traded corporation" defined.

1. "Publicly traded corporation" means:
(a) Any corporation or other legal entity except a natural person which:
(1) Has one or more classes of securities registered pursuant to section 12 of the Securities Exchange Act of 1934, as amended (15 U.S.C. § 78l);
(2) Is an issuer subject to section 15(d) of the Securities Exchange Act of 1934, as amended (15 U.S.C. § 78o); or
(3) Has one or more classes of securities exempted from the registration requirements of section 5 of the Securities Act of 1933, as amended (15 U.S.C. § 77e), solely by reason of an exemption contained in section 3(a)10, 3(a)11 or 3(c) of the Securities Act of 1933, as amended (15 U.S.C. §§ 77c(a)(10), 77c(a)(11) and 77c(c), respectively) or 17 C.F.R. §§ 230.251 et seq.
(b) Any corporation or other legal entity created under the laws of a foreign country:
(1) Which has one or more classes of securities registered on that country’s securities exchange or over-the-counter market; and
(2) Whose activities have been found by the Commission to be regulated in a manner which protects the investors and the State of Nevada.
2. The term does not include any corporation or other legal entity which has securities registered or is an issuer pursuant to paragraph (a) of subsection 1 solely because it:
(a) Guaranteed a security issued by an affiliated company pursuant to a public offering; or
(b) Is considered by the Securities and Exchange Commission to be a coissuer of a public offering of securities pursuant to 17 C.F.R. § 230.140.
(Added to NRS by 1969, 366; A 1975, 693; 1985, 1476; 1991, 935)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.488 - "Subsidiary" defined.

"Subsidiary" means:
1. A corporation any part of whose outstanding equity securities are:
(a) Owned;
(b) Subject to a power or right of control; or
(c) Held with power to vote,
by a holding company or intermediary company; or
2. A firm, partnership, limited partnership, limited-liability company, trust or other form of business organization not a natural person, any interest in which is:
(a) Owned;
(b) Subject to a power or right of control; or
(c) Held with power to vote,
by a holding company or intermediary company.
(Added to NRS by 1969, 366; A 1993, 2004)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.489 - Policy of State; waiver of requirements.

1. The policy of the State of Nevada with respect to the issuance of state gaming licenses to corporations is:
(a) To broaden the opportunity for investment in gaming through the pooling of capital in corporate form.
(b) To maintain effective control over the conduct of gaming by corporate licensees.
(c) To restrain any speculative promotion of the stock or other securities of gaming enterprises.
2. The Commission may waive, either selectively or by general regulation, one or more of the requirements of NRS 463.482 to 463.645, inclusive, if it makes a written finding that such waiver is consistent with the state policy set forth in NRS 463.0129 and this section.
(Added to NRS by 1969, 365; A 1975, 694)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.490 - Qualifications for state gaming license for corporations other than publicly traded corporations.

In order to be eligible to receive a state gaming license, a corporation, other than a publicly traded corporation, must:
1. Be incorporated:
(a) In the State of Nevada, although the corporation may be a wholly or partly owned subsidiary of a corporation which is chartered in another state of the United States; or
(b) In another state of the United States, if all persons having any direct or indirect interest of any nature in the corporation are licensed as required by NRS 463.530 and any applicable regulations of the Commission;
2. Maintain an office of the corporation on the licensed premises;
3. Comply with all of the requirements of the laws of the State of Nevada pertaining to corporations; and
4. Maintain a ledger in the principal office of the corporation in Nevada, which shall:
(a) At all times reflect the ownership of every class of security issued by the corporation; and
(b) Be available for inspection by the Board, Commission and their authorized agents, at all reasonable times without notice.
(Added to NRS by 1967, 1586; A 1969, 374; 1993, 187)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.505 - Prior approval by Chair of Board required to grant option to purchase security issued by corporation other than publicly traded corporation or to dispose of existing option to acquire such security; review of denial of approval.

1. The purported granting of an option to purchase any security issued by a corporation, other than a publicly traded corporation, which holds a state gaming license or which is a holding company or an intermediary company for an entity that holds a state gaming license or the purported sale, assignment, transfer, pledge or other disposition of an existing option to acquire such a security is void unless administratively approved in advance by the Chair of the Board.
2. A request for administrative approval pursuant to subsection 1 must:
(a) Be made on forms approved by the Chair of the Board; and
(b) To the extent consistent with this section, be considered in all respects as an application.
3. The Chair of the Board may refer a request for administrative approval to the Board and Commission for consideration or deny the request for administrative approval for any reasonable cause. A denial may be submitted for review by the Board and Commission in the manner set forth by the regulations of the Commission pertaining to the review of administrative approval decisions.
4. The Commission, upon recommendation by the Board, may require a person to apply for a finding of suitability to hold an option to purchase such a security.
(Added to NRS by 2003, 20th Special Session, 2; A 2007, 1113)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.510 - Prior approval by Commission required for other disposition of securities issued by corporation other than publicly traded corporation; restrictions on unsuitable persons; statement on certificate.

1. The purported sale, assignment, transfer, pledge, exercise of an option to purchase or other disposition of any security issued by a corporation, other than a publicly traded corporation, which holds a state gaming license or which is a holding company or an intermediary company for an entity that holds a state gaming license is void unless approved in advance by the Commission.
2. If at any time the Commission finds that an individual owner of any such security is unsuitable to continue as a gaming licensee in this state, the owner shall immediately offer the security to the issuing corporation for purchase. The corporation shall purchase the security so offered, for cash at fair market value, within 10 days after the date of the offer.
3. Beginning upon the date when the Commission serves notice of a determination of unsuitability pursuant to subsection 2 upon the corporation, it is unlawful for the unsuitable owner:
(a) To receive any dividend or interest upon any such security;
(b) To exercise, directly or through any trustee or nominee, any voting right conferred by such security; or
(c) To receive any remuneration in any form from the corporation, for services rendered or otherwise.
4. Every security issued by a corporation, other than a publicly traded corporation, which holds a state gaming license must bear a statement, on both sides of the certificate evidencing the security, of the restrictions imposed by this section.
(Added to NRS by 1967, 1586; A 1969, 374; 1983, 743; 1993, 187; 2003, 20th Special Session, 13; 2007, 1114)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.520 - Registration with Board by corporations other than publicly traded corporations; required information.

A corporation, other than a publicly traded corporation, which applies for a state gaming license shall register as a corporation with the Board, and shall provide the following information to the Board:
1. The organization, financial structure and nature of the business to be operated, including:
(a) The names and personal history of all officers, directors and key employees;
(b) A complete set of the fingerprints of all officers, directors and key employees which the Board may forward to the Central Repository for Nevada Records of Criminal History for submission to the Federal Bureau of Investigation for its report; and
(c) The names, addresses and number of shares held by all stockholders.
2. The rights and privileges acquired by the holders of different classes of authorized securities, including debentures.
3. The terms on which securities are to be offered.
4. The terms and conditions of all outstanding loans, mortgages, trust deeds, pledges or any other indebtedness or security device.
5. The extent of the equity security holding in the corporation of all officers, directors and underwriters, and their remuneration as compensation for services, in the form of salary, wages, fees or otherwise.
6. Remuneration to persons other than directors and officers exceeding $30,000 per annum.
7. Bonus and profit-sharing arrangements.
8. Management and service contracts.
9. Options existing, or to be created.
10. Balance sheets for at least 3 preceding fiscal years or, if the corporation has not been incorporated for a period of 3 years, balance sheets from the time of its incorporation. All balance sheets shall be certified by independent public accountants certified or registered in the State of Nevada.
11. Profit and loss statements for at least the 3 preceding fiscal years or, if the corporation has not been incorporated for a period of 3 years, profit and loss statements from the time of its incorporation. All profit and loss statements shall be certified by independent public accountants certified or registered in the State of Nevada.
12. Any further financial data which the Board may deem necessary or appropriate for the protection of the State of Nevada, or licensed gambling, or both.
(Added to NRS by 1967, 1587; A 1969, 375; 1971, 673; 1993, 188; 2003, 2852)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.530 - Individual licensing of officers and directors of corporations other than publicly traded corporations; other persons required to be licensed individually.

All officers and directors of a corporation, other than a publicly traded corporation, which holds or applies for a state gaming license must be licensed individually, according to the provisions of this chapter, and if, in the judgment of the Commission, the public interest will be served by requiring any or all of the corporation’s individual stockholders, lenders, holders of evidence of indebtedness, underwriters, key executives, agents or employees to be licensed, the corporation shall require those persons to apply for a license in accordance with the laws and requirements in effect at the time the Commission requires the licensing. A person who is required to be licensed by this section shall apply for a license within 30 days after the person becomes an officer or director. A person who is required to be licensed pursuant to a decision of the Commission shall apply for a license within 30 days after the Commission requests the person to do so.
(Added to NRS by 1967, 1587; A 1969, 375; 1977, 1438; 1993, 188)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.540 - Limitation on certain powers of corporations other than publicly traded corporations after licensing; approval of Commission.

After licensing pursuant to NRS 463.170, a corporation, other than a publicly traded corporation:
1. Before it may issue or transfer any security to any person, shall file a report of its proposed action with the Board and Commission, which report must request the approval of the Commission. The Commission shall have 90 days within which to approve or deny the request. If the Commission denies the request, the corporation shall not issue or transfer any such security.
2. Shall file a report of each change of the corporate officers and the members of its board of directors with the Board and Commission within 30 days after the change becomes effective. The Commission has 90 days within which to approve or disapprove the change. During the 90-day period and thereafter if the Commission does not disapprove the change, the officer or member of the board of directors is entitled to exercise all powers of the office to which the officer or member was so elected or appointed.
(Added to NRS by 1967, 1588; A 1971, 675; 1993, 189, 314)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.550 - Required reports and statements; income tax return.

1. After licensing pursuant to NRS 463.530, the corporation shall:
(a) Report to the Board and Commission in writing any change in corporate personnel who have been designated by the Board or Commission as key executives.
(b) Furnish the Board an annual profit and loss statement and an annual balance sheet.
2. The Commission may require that any such corporation furnish the Board with a copy of its federal income tax return within 30 days after such return is filed with the Federal Government.
(Added to NRS by 1967, 1588; A 1971, 675)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.560 - Termination of employment of employee found unsuitable or whose license is denied or revoked; licensing of successor.

1. If an employee of a corporate licensee who is required to be licensed individually:
(a) Does not apply for a license within 30 days after the Commission requests the employee to do so, and the Commission makes a finding of unsuitability for that reason;
(b) Is denied a license; or
(c) Has his or her license revoked by the Commission,
the corporate gaming licensee by whom the employee is employed shall terminate his or her employment in any capacity in which the employee is required to be licensed and shall not permit the employee to exercise a significant influence over the operation of the gaming establishment upon being notified by registered or certified mail of that action.
2. If the corporate licensee designates another employee to replace the employee whose employment was terminated, it shall promptly notify the Commission and shall cause the newly designated employee to apply for a gaming license.
(Added to NRS by 1967, 1588; A 1969, 376; 1977, 1438; 1981, 1065)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.563 - Policy of State; waiver of requirements.

1. The policy of the State of Nevada with respect to the issuance of state gaming licenses to limited partnerships is:
(a) To broaden the opportunity for investment in gaming through the pooling of capital in limited partnership form.
(b) To maintain effective control over the conduct of gaming by limited partnership licensees.
(c) To restrain any speculative promotion of limited partnership interests in gaming enterprises.
2. To the extent practicable, the provisions of this chapter that apply to a limited partnership shall be deemed to apply to a registered limited-liability partnership as defined in NRS 87.020 or 87.4311 or a foreign registered limited-liability partnership.
3. The Commission may waive, either selectively or by general regulation, one or more of the requirements of NRS 463.564 to 463.572, inclusive, if it makes a written finding that a waiver is consistent with the state policy set forth in NRS 463.0129 and this section.
(Added to NRS by 1979, 1521; A 2009, 288)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.564 - Qualifications for state gaming license.

In order to be eligible to receive a state gaming license, a limited partnership shall:
1. Maintain an office of the limited partnership on the licensed premises;
2. Comply with all of the requirements of the laws of this State pertaining to limited partnerships; and
3. Maintain a ledger in the principal office of the limited partnership in this State, which must:
(a) At all times reflect the ownership of all interests in the limited partnership; and
(b) Be available for inspection by the Board, Commission and their authorized agents, at all reasonable times without notice.
(Added to NRS by 1979, 1521; A 2007, 1114)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.5665 - Prior approval by Chair of Board required to grant option to purchase interest in limited partnership or to dispose of existing option to acquire such interest; review of denial of approval.

1. The purported granting of an option to purchase any interest in a limited partnership which holds a state gaming license or which is a holding company or an intermediary company for an entity that holds a state gaming license or the purported sale, assignment, transfer, pledge or other disposition of an existing option to acquire such an interest is void unless administratively approved in advance by the Chair of the Board.
2. A request for administrative approval pursuant to subsection 1 must:
(a) Be made on forms approved by the Chair of the Board; and
(b) To the extent consistent with this section, be considered in all respects as an application.
3. The Chair of the Board may refer a request for administrative approval to the Board and Commission for consideration or deny the request for administrative approval for any reasonable cause. A denial may be submitted for review by the Board and Commission in the manner set forth by the regulations of the Commission pertaining to the review of administrative approval decisions.
4. The Commission, upon recommendation by the Board, may require a person to apply for a finding of suitability to hold an option to purchase such an interest.
(Added to NRS by 2003, 20th Special Session, 3; A 2007, 1115)
2023 Nevada Revised Statutes › Chapter 463 - Licensing and Control of Gaming › NRS 463.567 - Prior approval by Commission required for other disposition of interest in limited partnership; restrictions on unsuitable persons; statement on certificate.

1. The purported sale, assignment, transfer, pledge, exercise of an option to purchase, or other disposition of any interest in a limited partnership which holds a state gaming license or which is a holding company or an intermediary company for an entity that holds a state gaming license is void unless approved in advance by the Commission.
2. If at any time the Commission finds that an individual owner of any such interest is unsuitable to hold that interest, the Commission shall immediately notify the limited partnership of that fact. The limited partnership shall, within 10 days after the date that it receives the notice from the Commission, return to the unsuitable owner, in cash, the amount of the unsuitable owner’s capital account as reflected on the books of the partnership.
3. Beginning on the date when the Commission serves notice of a determination of unsuitability pursuant to subsection 2 upon the limited partnership, it is unlawful for the unsuitable owner:
(a) To receive any share of the profits or interest upon any limited partnership interest;
(b) To exercise, directly or through any trustee or nominee, any voting right conferred by such interest; or
(c) To receive any remuneration in any form from the limited partnership, for services rendered or otherwise.
4. The certificate of limited partnership of any limited partnership holding a state gaming license must contain a statement of the restrictions imposed by this section.
(Added to NRS by 1979, 1521; A 1997, 3504; 2003, 20th Special Session, 13; 2007, 1115)