Illinois Administrative Code › Title 86 - REVENUE › Part 3000 - RIVERBOAT AND CASINO GAMBLING › Subpart B - LICENSES › Section 3000.236 - Owner's License Renewal

Current through Register Vol. 48, No. 28, July 12, 2024
Upon the expiration of an initial Owner's license, or
				  following a one year license renewal period, a license may be renewed for a
				  period determined by the Board, pursuant to Section
				  3000.237,
				  of up to 4 years, subject to the provisions of the Act, Sections
				  3000.236
				  and 3000.237, and the other Board rules contained in this Part.
a) The renewal requirements shall include the
				following:
1) Beginning with the initial
				renewal application the licensee shall submit an owner's renewal application
				and the requisite Business Entity and Personal Disclosure Forms. The owner
				licensee shall submit disclosure information pursuant to Section
				3000.222(e)(2)
				 from each Key Person who has previously
				filed a Business Entity or Personal Disclosure Form, updating, and attesting to
				the veracity of information on the previously filed Business Entity or Personal
				Disclosure Form and setting forth any required additional or different
				information than previously submitted. Nothing in this Section shall be
				interpreted to alter the ongoing duty to disclose changes in
				information;
2) Unless a later date
				is authorized in writing by the Administrator, materials submitted pursuant to
				this Section shall be provided in triplicate at least 90 days prior to the
				expiration of the Owner's license, and must be accompanied by the required
				annual licensing fee; and
3) As
				part of its renewal submission, the licensee shall provide documentation of the
				following:
A) Measures taken by the licensee
				to assure compliance with the Act and the rules promulgated
				thereunder;
B) Adherence to the
				economic development purposes and requirements of the Act, including
				conformance to specific commitments made in conjunction with an initial
				application or subsequent renewal applications;
C) Adherence to specific conditions or
				requirements adopted by the Board at the time a previous renewal was
				authorized;
D) Ability to maintain
				a financially viable gaming entity;
E) Any specific plans for changes in the
				financing, ownership or structure of the licensee and its substantial
				owner(s);
F) An assessment of the
				economic impact of the gaming operation on employment, business and economic
				development related to the State of Illinois and related to the area of the
				State in which the gaming operation is conducted;
G) Information relating to the licensee's or
				its substantial owners' involvement in gaming in other jurisdictions;
H) Verification of tax filings with the
				Illinois Department of Revenue during the preceding licensing period;
I) Summary of all litigation to which
				licensee is or was a party during the preceding licensing period;
J) Responses to specific questions or
				concerns raised by the Board in its renewal investigation and review process;
				and
K) Evidence of continued
				support of the licensee from its community.