Existing law: (1) prohibits a person from being employed as a gaming employee unless the person is registered as such with the Nevada Gaming Control Board; and (2) authorizes the Board to suspend or object to the registration of an applicant as a gaming employee for any cause deemed reasonable by the Board. (NRS 463.335) Section 2 of this bill authorizes the Board to suspend or object to the registration of an applicant if the applicant fails to cooperate with the Board in the application and investigation process in a truthful, timely or complete manner.
Existing law requires the Board to send certain notices by mail relating to the registration of a gaming employee. (NRS 463.335) Section 2 additionally authorizes notice to be sent by electronic mail under certain circumstances.
Existing law defines the term “gaming employee.” (NRS 463.0157) Section 1 of this bill revises the definition of the term to include certain persons whose duties involve monitoring a licensee for compliance with: (1) the Nevada Gaming Control Act and the regulations adopted pursuant thereto; and (2) the anti-money laundering program of the licensee.
Existing law requires the Board, through an agent, to investigate certain disputes between a patron and a licensee involving: (1) alleged winnings, losses or other awards or distributions; or (2) the manner in which the game, tournament, contest, drawing or other activity or event was conducted. Upon the completion of the investigation, existing law requires the agent to mail a notice to the Board, the licensee and the patron of the decision of the agent regarding the dispute. (NRS 463.362) Section 3 of this bill makes various changes to require the Board to provide notice of the decision of the agent to the patron, thereby removing the requirement that the agent of the Board provide such notice to the Board. Section 3 also authorizes notice to be sent by electronic mail under certain circumstances.
For a corporation which holds a state gaming license or which is a holding company or an intermediary company for an entity that holds a state gaming license, other than a publicly traded corporation, existing law requires prior approval by: (1) the Chair of the Board before an option to purchase any security issued by a corporation may be granted or before an existing option to acquire such a security may be sold, assigned, transferred, pledged or otherwise disposed of; and (2) the Nevada Gaming Commission before such a security may be sold, assigned, transferred, pledged or otherwise disposed of, including through the exercise of an option to purchase. (NRS 463.505, 463.510) Sections 4 and 5 of this bill revise such provisions relating to options to include a warrant or right to purchase any security issued by the corporation.
For a limited partnership which holds a state gaming license or which is a holding company or an intermediary company for an entity that holds a state gaming license, existing law similarly requires prior approval relating to an option to purchase any interest in the limited partnership. (NRS 463.5665, 463.567) Sections 6 and 7 of this bill revise such provisions relating to options to include a warrant or right to purchase any interest in the limited partnership.
For a limited-liability company which holds a state gaming license or which is a holding company or an intermediary company for an entity that holds a state gaming license, existing law similarly requires prior approval relating to an option to purchase any interest in the limited-liability company. (NRS 463.57325, 463.5733) Sections 8 and 9 of this bill revise such provisions relating to options to include a warrant or right to purchase any interest in the limited-liability company.
Existing law prohibits a licensee in a foreign gaming operation from employing, contracting with or associating with a person whom the Commission or a court in this State has found guilty of cheating or to whom the Commission has denied a gaming license or finding of suitability. (NRS 463.720) Section 10 of this bill additionally prohibits a licensee in a foreign gaming operation from employing, contracting with or associating with a person if the Commission has revoked a gaming license or finding of suitability of the person on the ground of unsuitability.
Existing law requires that: (1) there must be at least three stewards to supervise each race or meeting conducted pursuant to existing law relating to horse racing; and (2) one or more of the stewards must be the official steward of the Board, with the remaining steward or stewards appointed by the licensee, subject to the approval of the Board. (NRS 466.070) Section 11 of this bill authorizes the stewards to hold a closed meeting when considering the conduct of a race meet pursuant to existing law relating to horse racing or any regulations adopted pursuant thereto.

Statutes affected:
BDR: 463.0157, 463.335, 463.362, 463.505, 463.510, 463.5665, 463.567, 463.57325, 463.5733, 463.720, 466.070