3772-3-06 Passive investor.

(A) Any investor in a casino operator, management company, holding company, or gaming-related vendor that falls below the threshold needed to be considered an institutional investor shall not:

(1) Exercise influence over the affairs of the casino operator, management company, holding company, or gaming-related vendor ;

(2) Exercise influence over the affairs of a holding, intermediate, subsidiary or parent company of the casino operator, management company, or gaming-related vendor;

(3) Use or authorize the use of authority or influence of its employees, members, or owners to secure anything of value or the promise or offer of anything of value that is of such character as to manifest a substantial and improper influence in relation to casino gaming in this state; or

(4) Participate in any other conduct in relation to the operation of casino gaming that the commission considers inconsistent with passive institutional investment status.

(B) Any investor failing to comply with this rule shall no longer have the status as a passive institutional investor.

Cite as Ohio Admin. Code 3772-3-06

Effective: 1/1/2017
Five Year Review (FYR) Dates: 10/14/2016 and 01/01/2022
Promulgated Under: 119.03
Statutory Authority: 3772.03
Rule Amplifies: 3772.03
Prior Effective Dates: 5/25/2013