California Code of Regulations › Title 4 - Business Regulations › Division 4 - California Horse Racing Board › Article 24 - Intrastate Simulcast Wagering › Section 2057 - Initial Application and Approval of a Simulcast Facility

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
No person, which includes any individual, partnership,
				  corporation, or other association or organization, shall conduct or attempt to
				  conduct wagering on the results of races simulcast from a race meeting held in
				  this State unless authorized and permitted to do so by the Board as
				  follows:
(a) A racing association,
				fair or other entity proposing to act as a guest association shall complete an
				Application for Authorization to Operate a Simulcast Wagering Facility (Form
				CHRB-25, Rev. 4/92) which is hereby incorporated by reference. Form CHRB-25
				shall be available at the Board's administrative office. The application shall
				be filed with the Board at least ninety (90) days prior to the first day of
				racing for review, investigation and approval based on the following
				conditions:
(1) In order to allow an
				evaluation of the competence, integrity, and character of the applicant to
				operate a simulcast wagering facility, any person, corporation, trust
				association, partnership or joint venture shall submit with the application, a
				Personal History Record (Form CHRB-25A, Rev 7/93), which is hereby incorporated
				by reference, for the following:
(A) If the
				applicant is a corporation, the officers, directors, and each owner, directly
				or indirectly, of any equity, security or other ownership interest in the
				corporation. However, in the case of owners of publicly held equity securities
				of a publicly traded corporation, only the names and addresses of those known
				to the corporation to beneficially own five (5) percent or more of the publicly
				held securities need be disclosed.
(B) If the applicant is a trust, the trustee
				and all persons entitled to receive income or benefit from the trust.
(C) If the applicant is an association, the
				members, officers and directors.
(D) If the applicant is a subsidiary, the
				officers, directors, and stockholders of the parent company thereof. However,
				in the case of owners of a publicly held equity securities of a publicly traded
				corporation, only the names and addresses of those known to the corporation to
				beneficially own five (5) percent or more of the publicly held securities need
				be disclosed.
(E) If the applicant
				is a partnership or joint venture, all of the general partners, limited
				partners or joint venturers.
(F) If
				the parent company, general partner, limited partner, or joint venturer of any
				applicant is itself a corporation, trust, association, subsidiary, partnership,
				or joint venture, then the disclosure of such information, shall be made, as
				necessary, to determine ultimate ownership. However, in the case of owners of
				publicly held equity securities of a publicly traded corporation only the names
				and addresses of those known to the corporation to beneficially own five (5)
				percent or more of the publicly held securities need be disclosed.
(G) If the applicant employs a management
				company, disclosure shall apply to the management as set forth in subsections A
				through F as appropriate.