Nevada Revised Statutes 463.490 – Qualifications for state gaming license for corporations other than publicly traded corporations
In order to be eligible to receive a state gaming license, a corporation, other than a publicly traded corporation, must:
Terms Used In Nevada Revised Statutes 463.490
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
1. Be incorporated:
(a) In the State of Nevada, although the corporation may be a wholly or partly owned subsidiary of a corporation which is chartered in another state of the United States; or
(b) In another state of the United States, if all persons having any direct or indirect interest of any nature in the corporation are licensed as required by NRS 463.530 and any applicable regulations of the Commission;
2. Maintain an office of the corporation on the licensed premises;
3. Comply with all of the requirements of the laws of the State of Nevada pertaining to corporations; and
4. Maintain a ledger in the principal office of the corporation in Nevada, which shall:
(a) At all times reflect the ownership of every class of security issued by the corporation; and
(b) Be available for inspection by the Board, Commission and their authorized agents, at all reasonable times without notice.