N.J. Admin. Code § 13:69C-4.4 - Continuing financial stability reporting requirements
(a) Each casino licensee shall file with the
Division a statement of compliance with the criteria in N.J.S.A. 5:12-84a(1)
through (5), which shall be included in the quarterly reports filed by the
casino licensee pursuant to N.J.A.C. 13:69D.
(b) No later than 90 days after the
commencement of each fiscal year, each casino licensee and holding company
thereof shall file its financial projections for that fiscal year in a format
acceptable to the Division. The Division's Office of Financial Investigations
will advise each casino licensee or holding company of the contents of the
financial package, which, at a minimum, shall include a statement of income,
balance sheet, and statement of cash flows.
(c) At the end of each calendar year, each
casino licensee shall file with the Division a detailed analysis of compliance
with N.J.S.A. 5:12-84a(4).
(d) In
addition to the requirements of (a) through (c) above, each casino licensee and
holding company thereof shall file such other information as the Division shall
deem material to a showing of financial stability for a particular casino
licensee and holding company thereof.
(e) Any event of default related to any debt
obligation maintained by the licensee, affiliate, or holding company thereof
shall be immediately reported to the Division in writing, along with any plans
to address or cure such default.
(f) Each casino licensee shall electronically
file its monthly internal financial statements with the Division within five
days of completion and in no event later than the end of the subsequent
month.
(g) Each casino licensee,
affiliate, or holding company thereof shall electronically file a copy of any
compliance certificates when provided to lenders pursuant to any loans or debt
instruments to the Division's Office of Financial Investigations.
Notes
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