N.J. Admin. Code § 13:69C-4.5 - Failure to demonstrate financial stability

In the event that a casino licensee fails to demonstrate financial stability, the Division may take such action as is necessary to fulfill the purposes of the Act and to protect the public interest, including, but not limited to: establishing an appropriate cure period; imposing reporting requirements in excess of those otherwise mandated by the Division's rules; placing such restrictions on the transfer of cash or the assumption of liabilities as is necessary to insure future compliance with the standards set forth in N.J.S.A. 5:12-84a(1) through (5); and/or requiring the maintenance of reasonable reserves or the establishment of dedicated or trust accounts to insure future compliance with the standards set forth in N.J.S.A. 5:12-84a. The Division also may move before the Commission in such instances, to seek action, including, but not limited to: the imposition of licensure conditions, revocation of licensure, and appointment of a conservator pursuant to Sections 130.1 et seq. of the Act.

Notes

N.J. Admin. Code § 13:69C-4.5

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