Ohio Code 3772.19 – Limitations on majority interest holders
Current as of: 2024 | Check for updates
|
Other versions
No casino operator shall hold a majority ownership interest in more than two casino operator licenses or casino facilities at any one time. No person shall be a management company for casino operators licensed to operate more than two casino facilities in this state at any one time.
Terms Used In Ohio Code 3772.19
- Casino operator: means any person, trust, corporation, partnership, limited partnership, association, limited liability company, or other business enterprise that directly or indirectly holds an ownership or leasehold interest in a casino facility. See Ohio Code 3772.01
- Management company: means an organization retained by a casino operator to manage a casino facility and provide services such as accounting, general administration, maintenance, recruitment, and other operational services. See Ohio Code 3772.01
- Person: includes , but is not limited to, an individual or a combination of individuals; a sole proprietorship, a firm, a company, a joint venture, a partnership of any type, a joint-stock company, a corporation of any type, a corporate subsidiary of any type, a limited liability company, a business trust, or any other business entity or organization; an assignee; a receiver; a trustee in bankruptcy; an unincorporated association, club, society, or other unincorporated entity or organization; entities that are disregarded for federal income tax purposes; and any other nongovernmental, artificial, legal entity that is capable of engaging in business. See Ohio Code 3772.01
- state: means the state of Ohio. See Ohio Code 1.59