SLS 12RS-339 ORIGINAL
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2012
SENATE BILL NO. 92
BY SENATOR MORRELL
GAMING. Provides relative to significant influence. (gov sig)
AN ACT1
To amend and reenact R.S. 27:28(H)(1), relative to suitability standards for gaming licenses,2
permits or contracts; to provide with respect to suitability determination; to require3
persons with the capacity to influence a licensee, casino gaming operator, a4
permittee, or other person required to meet suitability requirements, to also meet5
suitability requirements and qualifications; to provide for considerations by the board6
or division; to provide for an effective date; and to provide for related matters.7
Be it enacted by the Legislature of Louisiana:8
Section 1. R.S. 27:28(H)(1) is hereby amended and reenacted to read as follows: 9
ยง28. Suitability standards10
* * *11
H.(1)(a) Any person who has or controls directly or indirectly five percent12
or more ownership, income, or profit or economic interest in an entity which has or13
applies for a license or permit or enters into a casino operating contract with the state14
pursuant to the provisions of this Title, or who receives five percent or more revenue15
interest in the form of a commission, finder's fee, loan repayment, or any other16
business expense related to the gaming operation, or who has the ability or capacity,17 SB NO. 92
SLS 12RS-339 ORIGINAL
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
in the opinion of the board, to exercise a significant influence over a licensee, the1
casino gaming operator, a permittee, or other person required to be found suitable2
pursuant to the provisions of this Title, shall meet all suitability requirements and3
qualifications pursuant to the provisions of this Title.4
(b) In determining whether a person has significant influence for5
purposes of this Section, the board or division may consider, but is not limited6
to, the following: management and decision making authority, operational7
control, financial relationships, receipt of gaming revenue or proceeds, financial8
indebtedness and gaming related associations.9
* * *10
Section 2. This Act shall become effective upon signature by the governor or, if not11
signed by the governor, upon expiration of the time for bills to become law without signature12
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If13
vetoed by the governor and subsequently approved by the legislature, this Act shall become14
effective on the day following such approval.15
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Angela L. DeJean.
DIGEST
Present law provides that any person who has or controls directly or indirectly five percent
or more ownership, income, or profit or economic interest in an entity which has or applies
for a license or permit or enters into a casino operating contract with the state pursuant to
present law, or who receives five percent or more revenue interest in the form of a
commission, finder's fee, loan repayment, or any other business expense related to the
gaming operation, or who has the ability, in the opinion of the board, to exercise a significant
influence over a licensee, the casino gaming operator, a permittee, or other person required
to be found suitable pursuant to present law, shall meet all suitability requirements and
qualifications pursuant to present law.
Proposed law adds to present law by including any person who has the capacity to exercise
a significant influence over a licensee, casino gaming operator, permittee, or other person
required to be found suitable pursuant to present law to the list of persons who shall meet
all suitability requirements and qualifications in present law. Deletes reference to "the
opinion of the board".
Proposed law provides that in determining whether a person has the capacity for significant
influence for purposes of present law, the board or division may consider, but is not limited
to, the following: management and decision making authority, operational control, financial
relationships, receipt of gaming revenue or proceeds, financial indebtedness and gaming
related associations. SB NO. 92
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Amends R.S. 27:28(H)(1))