Suspension and revocation; receivership

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  • The Commission may suspend or revoke a license or place a licensee in receivership if:
    • (a) the licensee violates this Article or a rule or regulation adopted or an order issued pursuant to this Article;

    • (b) the licensee does not cooperate with an examination or investigation by the Commission and/or the Division of Gaming Enforcement;

    • (c) the licensee engages in fraud, intentional misrepresentation, or gross negligence;

    • (d) the licensee or a key employee is convicted of a violation of a territorial or federal anti-money laundering statute or a provision of this Article, or violates a rule or regulation adopted or an order issued under this Article, as a result of the licensee's willful misconduct or willful blindness;

    • (e) the competence, experience, character, or general fitness of the licensee, key employee, person in control of a licensee, or responsible person of the licensee or authorized delegate indicates that it is not in the public interest to permit the person to conduct an Internet gaming or Internet gambling business;

    • (f) the licensee engages in an unsafe or unsound practice;

    • (g) the licensee is insolvent, suspends payment of its obligations, or makes an assignment for the benefit of its creditors; or

    • (h) the licensee does not remove an agent or key employee after the Commission issues and serves upon the licensee a final order including a finding that the person has violated this Article.

    • (i) providing materially false or misleading representations in the license application.


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