Administrative Rules of Montana › Department 23 - JUSTICE › Chapter 23.16 - GAMBLING CONTROL DIVISION › Subchapter 23.16.5 - Gambling Operator Licenses › Rule 23.16.502 - APPLICATION FOR OPERATOR LICENSE

Current through Register Vol. 13, July 5, 2024
(1) Except as
				provided in (2) and (3), all applicants shall submit the following information
				on Forms 5, 10, 40, or 43, and FD-258, which are incorporated by reference and
				available at any Gambling Control Division office location, or on the
				division's web site
www.dojmt.gov/gaming
:
(a) name(s), addresses, telephone numbers,
				and social security numbers; history of gambling licensure with any federal,
				state, or local agency; civil and criminal record; record of residence and
				employment for the last ten years of any person with an ownership interest in
				the applicant entity; and record of current residence and employment of any
				person with an option to purchase a share in the applicant entity;
(b) a complete set of fingerprints, on Form
				FD-258 provided by the department, obtained and certified by a local law
				enforcement agency, the department, or a private security company approved by
				the department for each person required to complete a personal history
				statement;
(c) the applicant's most
				recent financial statements with the application form. The statements must
				reflect the business operation for which the application is being submitted and
				include a balance sheet, income statement, and a statement of the amount and
				source of funding. The department may accept current state or federal income
				tax returns if they reflect the business operation for which the application is
				being submitted. If the business is prospective or has recently begun
				operating, the applicant shall submit a beginning balance sheet and a statement
				of the amount and source of funding for the business;
(d) the amounts and sources of all business
				financing, along with the terms of each loan agreement and all related security
				agreements, and guarantees;
(e) the
				following ownership/management information, as applicable:
(i) if the business is a sole proprietorship,
				the above-cited information must be submitted on the proprietor; or
(ii) if the business is a partnership, the
				information must be submitted on each general and limited partner; or
(iii) if the business is a closely-held or
				subchapter S corporation, the information on each shareholder, and each officer
				and director if not the same; or
(iv) if the business is a publicly traded
				corporation, the names of each shareholder owning 5% or more of the company
				stock and the corporate officers and board of directors; or (v) if the business
				is a limited liability company, the information must be submitted on all
				members; or
(vi) if the applicant
				is a nonprofit corporation or association, the information must be submitted
				for officers, directors, and the person(s) responsible for conducting the
				gambling activity (e.g., location manager, gambling manager, steering
				committee); or
(vii) if the
				owner(s) acquires the services of a gambling manager or management firm, the
				information must be submitted for the owner and the manager or management
				firm;
(f) the full name
				and address of every location manager; and
(g) a floor plan of the proposed premises
				that clearly identifies the areas where gambling activities will
				occur.