Nevada Revised Statutes 463.014645 – ‘Covered person’ defined
1. ’Covered person‘ means any person who:
Terms Used In Nevada Revised Statutes 463.014645
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
(a) Has at any time owned, in whole or in significant part, an interactive gaming facility or an entity operating an interactive gaming facility that after December 31, 2006, knowingly and intentionally operated interactive gaming that involved patrons located in the United States, unless and to the extent such activity was licensed at all times by a state or the Federal Government;
(b) After December 31, 2006, acted, or proposed to act, on behalf of a person described in paragraph (a) and knowingly and intentionally provided, or proposed to provide, to such person any services as an interactive gaming service provider, with knowledge that the interactive gaming facility’s operation of interactive gaming involved patrons located in the United States; or
(c) Purchased or acquired, directly or indirectly:
(1) In whole or in significant part, a person described in paragraph (a) or (b); or
(2) Any covered assets, in whole or in part, of such person.
2. As used in this section:
(a) ’Interactive gaming service provider’ has the meaning ascribed to it in NRS 463.677.
(b) ’Significant part’ means with respect to ownership, purchase or acquisition of an entity, interactive gaming facility or person, holding 5 percent or more of the entity, interactive gaming facility or person, or any amount of ownership that provides control over the entity, interactive gaming facility or person.