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Each licensee shall report to the board, no later than January 15 of each year:
The total amount of wagers received from bettors for the immediately preceding calendar year;
The adjusted gross income of the licensee for the immediately preceding calendar year; and
Any additional information required by rule of the board deemed in the public interest or necessary to maintain the integrity of sports wagering in this state.
A licensee shall immediately report to the board any information relating to:
The name of any newly elected officer or director of the board of the licensed entity; and
The acquisition by any person of five percent (5%) or more of any class of corporate stock.
With respect to information reported under subsection (b), a licensee shall include with the report a statement as to any conflict of interest that may exist as the result of such election or acquisition.
Upon receiving a report under this section or § 4-51-315(b), the board may conduct a hearing in accordance with § 4-51-326 to determine whether the licensee remains in compliance with this part.