463.568 - Registration with Board; required information. - Nevada Statutes

463.568  Registration with Board; required information.  The limited partnership which applies for a state gaming license shall register as a limited partnership with the Board, and shall provide the following information to the Board:

      1.  The organization, financial structure and nature of the business to be operated, including:

      (a) The names and personal history of all general partners and key employees;

      (b) A complete set of the fingerprints of all general partners and key employees which the Board may forward to the Central Repository for Nevada Records of Criminal History for submission to the Federal Bureau of Investigation for its report; and

      (c) The name, address and interest of each limited partner.

      2.  The rights, privileges and relative priorities of limited partners as to the return of contributions to capital, and the right to receive income.

      3.  The terms on which limited partnership interests are to be offered.

      4.  The terms and conditions of all outstanding loans, mortgages, trust deeds, pledges or any other indebtedness or security device.

      5.  The extent of the holding in the limited partnership of all underwriters, and their remuneration as compensation for services, in the form of salary, wages, fees or otherwise.

      6.  Remuneration to persons other than general partners exceeding $30,000 per annum.

      7.  Bonus and profit-sharing arrangements.

      8.  Management and service contracts.

      9.  Options existing, or to be created.

      10.  Balance sheets for at least the 3 preceding fiscal years or, if the limited partnership has not been in existence for 3 years, balance sheets from the time of its formation. All balance sheets must be certified by independent public accountants certified or registered in this state.

      11.  Profit and loss statements for at least the 3 preceding fiscal years or, if the limited partnership has not been in existence for 3 years, profit and loss statements from the time of its formation. All profit and loss statements must be certified by independent public accountants certified or registered in this state.

      12.  Any further financial data which the Board may deem necessary or appropriate for the protection of the State of Nevada, or licensed gambling, or both.

      (Added to NRS by 1979, 1522; A 2003, 2853)