§ 27:3 — Definitions

Louisiana § 27:3

• Jurisdiction: Louisiana
• Title 27: Louisiana Legislature

Text

§3. Definitions
For the purposes of this Title, the following terms have the following meanings,
unless the context clearly indicates otherwise:
(1) "Administrative action" means any revocation, suspension, finding of
unsuitability, or conditioning of a license or permit, or imposition of a civil penalty.
(2) "Board" means the Louisiana Gaming Control Board, as established by R.S.
27:11.
(3) "Business or legal entity" means a natural person, a corporation, a partnership,
or any other organization or entity, which could enter into a contract or apply for a license
or permit issued by the board pursuant to this Title or to any other law relative to activity
under the jurisdiction of the board.
(4) "Candidate" has the same meaning as that term has in R.S. 18:1483.
(5) "Casino gaming operator" or "casino operator" means any person who enters into
a casino operating contract with the board requiring that person to conduct casino gaming
operations according to the provisions of this Title.
(6) "Contribution" has the same meaning as that term has in R.S. 18:1483.
(7) "Division" means the division in the office of state police, Department of Public
Safety and Corrections which provides investigatory, regulatory, and enforcement service to
the board in the implementation, administration, and enforcement of this Title.
(8) "Economic interest" means any interest in a contract, license, or permit from
which a person receives or is entitled to receive by agreement or otherwise, a profit, gain,
thing of value, loss, credit, security interest, ownership interest, or other benefit.
(9) "Expenditure" has the same meaning as that term has in R.S. 18:1483.
(10) "Gaming supplier" means any person who supplies, sells or leases, or contracts
to sell or lease, gaming devices, equipment, or supplies to a holder of a license as defined in
R.S. 27:44, 353, or 602, or to the casino gaming operator. "Gaming supplier" shall also
include any person or entity that supplies geolocation, geofencing, or patron identification
services to the holder of a license as defined in R.S. 27:44, 353, or 602, or to the casino
gaming operator.
(11) "Gaming supplier permit" means the permit of a gaming supplier.
(12) "Immediate family" has the same meaning as that term has in R.S. 42:1102.
(13) "Institutional investor" means a person that is:
(a) A plan or trust established and maintained by the United States Government, a
state, or a political subdivision of a state for the benefit of its respective employees.
(b) An investment company that is registered under the Investment Company Act of
1940.
(c) A Collective Investment Trust organized by a bank under Part Nine of the rules
of the Comptroller of the Currency.
(d) A closed end investment trust registered with the United States Securities and
Exchange Commission.
(e) A mutual fund.
(f) A life insurance company or property and casualty insurance company.
(g) A federal or state bank.
(h) An investment advisor registered under the Investment Advisors Act of 1940.
(i) Any other investor as the board may determine in its sole discretion consistent
with the provisions of this Title.
(14) "Institutional lender" means a person that is:
(a) An insurance company regulated by any state of the United States.
(b) Any investment company registered under the Investment Company Act of 1940.
(c) Any plan established and maintained by a state, its political subdivision, or any
agency or instrumentality of a state or its political subdivisions, for the benefit of its
employees.
(d) Any trust fund the trustee of which is a bank or trust company and the
participants of which are exclusively plans of the type identified in R.S. 27:3(14)(c).
(e) Any investment adviser registered with the United States Securities and Exchange
Commission.
(f) Any real estate investment trust registered with the United States Securities and
Exchange Commission.
(g) Any dealer registered pursuant to Section 15 of the Securities and Exchange Act
of 1934.
(h) Any qualified institutional buyer, as defined in Rule 144A under the Securities
Act of 1933, and any entity, all of the equity owners of which are qualified institutional
buyers, as defined in rule 144A under the Securities Act of 1933, acting for its own account
or the accounts of other qualified institutional buyers.
(i) Any bank as defined in Section 3(a)(2) of the Securities Act of 1933, any savings
and loan association or other institution as referenced in Section 3(a)(5)(A) of the Securities
Act of 1933, or any foreign bank or savings and loan association or equivalent institution or
any investment fund that participates in a bank syndication, and any purchaser that takes an
assignment or other participation interest in the bank syndication.
(j) Any investor or group of investors purchasing debt securities of a licensee,
permittee, or casino gaming operator, or a subsidiary of a licensee, permittee, or casino
gaming operator, in any public offering registered pursuant to the Securities Act of 1933 or
through any private placement, and any investor purchasing such securities in a subsequent
sale; however, such securities are widely held and freely traded, and the investor holds no
more than twenty percent of a licensee, permittee, or casino gaming operator's total debt or
fifty percent of a material debt issue unless otherwise approved by the board, so as not to
give such investor the ability to control a licensee, permittee, or casino gaming operator.
(k) Any business development company as defined in Section 2(a)(48) of the
Investment Company Act of 1940.
(l) Any business development company as defined in Section 202(a)(22) of the
Investment Advisers Act of 1940.
(m) Any other regulated lender as the board may determine in its sole discretion
consistent with the provisions of this Title.
(15) "Key gaming employee" or "managerial employee" means an employee, agent,
or representative of the casino gaming operator, or of a holder of a license as defined in R.S.
27:44, 353, or 602, or a permittee whether or not a gaming employee who, in the opinion of
the board or division, holds or exercises critical or significant management or operating
authority over the casino gaming operator, or of a holder of a license as defined in R.S.
27:44, 353, or 602, or a permittee.
(16) "Key gaming employee permit" means the permit of a key gaming employee.
(17) "Non-key gaming employee" means a person employed in the operation of a
gaming activity and includes employees empowered to make discretionary decisions that
regulate gaming activities, and any individual whose employment duties require or authorize
access to designated gaming areas of a licensee as defined in R.S. 27:44, 353, or 602, or the
official gaming establishment, other than non-gaming equipment maintenance personnel,
cleaning personnel, waiters, waitresses, and secretaries.
(18) "Non-key gaming employee permit" means the permit of a non-key gaming
employee.
(19) "Non-gaming supplier" means any person who sells, leases, or otherwise
distributes, directly or indirectly, goods or services other than gaming equipment and
supplies to the holder of a license, as defined in R.S. 27:44, 353, or 602, or the casino gaming
operator.
(20) "Permit" means any permit or authorization, or application therefor, issued
pursuant to the provisions of this Title except Chapter 8.
(21) "Permittee" means any person who is issued or applying for a permit pursuant
to the provisions of this Title except Chapter 8.
(22) "Person" means any individual, partnership, association, joint stock association,
or trust, corporation, or other business entity whether incorporated or not.
(23) "Political committee" or "committee" has the same meaning as these terms have
in R.S. 18:1483.
(24) "Suitable", "suitability", or "suitability requirements" means the criteria
provided for in R.S. 27:28.

Legislative History

Acts 1996, 1st Ex. Sess., No. 7, §1, eff. May 1, 1996; Acts 1999, No. 1389, §1, eff. July 1, 1999; Acts 2001, No. 1222, §1, eff. July 2, 2001; Acts 2005, No. 61, §1; Acts 2010, No. 908, §1; Acts 2021, No. 80, §3, eff. July 1, 2021; Acts 2022, No. 310, §3, eff. July 1, 2022; Acts 2022, No. 725, §1, eff. July 1, 2022.