Sec. 3.5. (a) For purposes of this section, a person is considered to have an ownership interest in a riverboat owner’s license if the interest is owned directly or indirectly by the person or by an entity controlled by the person.

     (b) A person may have up to a one hundred percent (100%) ownership interest in not more than six (6) of any combination of:

(1) riverboat licenses issued under this chapter; and

(2) gambling game licenses issued under IC 4-35-5.

     (c) A person may not have an ownership interest in more than six (6) of any combination of:

(1) riverboat owner’s licenses issued under this chapter; and

(2) gambling game licenses issued under IC 4-35-5.

     (d) This section may not be construed to increase the maximum number of licenses permitted under section 1 of this chapter or the number of riverboats that may be owned and operated under a license under section 10 of this chapter.

As added by P.L.149-2003, SEC.3. Amended by P.L.293-2019, SEC.11.