The Indiana General Assembly, through IC 4-33-13-1, established the regulatory framework for casino operations and the distribution of gaming revenue. A significant portion of the net revenue generated by riverboat casinos is allocated to specific state funds, with a primary focus on supporting local government and education. Specifically, IC 4-33-13-5 outlines the distribution of wagering revenue. For each fiscal year, after deducting winnings paid to patrons and certain operational expenses, the remaining net revenue is subject to distribution. A substantial percentage of this net revenue is designated for the Local Government Tax Recovery Fund. This fund is intended to offset potential impacts of gaming on local communities and to provide economic benefits. Another portion is directed towards the state’s Common School Fund, supporting public education across Indiana. The specific percentages are subject to legislative adjustments, but the core principle is that a significant portion of gaming revenue benefits public services. For instance, a common allocation structure involves a percentage for local government, a percentage for the common school fund, and a smaller percentage for the state’s general fund or specific regulatory purposes. The question tests the understanding of where the majority of net casino revenue in Indiana is directed, emphasizing the legislative intent to benefit public entities rather than private stakeholders beyond the casino operators themselves.

The Indiana Gaming Commission (IGC) is vested with the authority to regulate all aspects of legalized gambling within the state, as established by Indiana Code Title 4, Article 32. This includes licensing, oversight, and enforcement for riverboat casinos, racinos, and off-track pari-mutuel wagering facilities. Specifically, the IGC is responsible for approving and promulgating rules and regulations that govern the operation of these gaming establishments. These regulations cover a wide array of operational details, including but not limited to, game integrity, player protection, accounting procedures, and advertising. The commission’s mandate is to ensure the integrity of gaming, protect the public interest, and generate revenue for the state. Therefore, any substantive change to the operational framework of a licensed gaming facility, such as the introduction of new game types or significant modifications to existing ones, requires explicit approval and often involves regulatory amendments or waivers granted by the IGC. This process ensures that all gaming activities comply with state law and maintain public trust.

Indiana law, specifically under IC 4-33 and related administrative rules promulgated by the Indiana Gaming Commission, governs the licensing and operation of riverboat casinos. A key aspect of this regulation involves the initial licensing process and the ongoing suitability of licensees. The Indiana Horse Racing Commission oversees pari-mutuel wagering and historical racing, distinct from the Indiana Gaming Commission’s purview over riverboats and, more recently, land-based casinos. The Indiana Lottery Commission manages the state lottery. The Indiana Department of Revenue is involved in tax collection but not the direct licensing or regulation of gaming operations themselves. Therefore, when considering the regulatory body responsible for issuing and overseeing riverboat casino licenses in Indiana, the Indiana Gaming Commission is the correct authority. The question tests the understanding of which specific state agency holds jurisdiction over riverboat casino licensing, a fundamental aspect of Indiana’s gaming law framework.

The Indiana Horse Racing Act of 1991, as amended, establishes the framework for pari-mutuel wagering on horse races within the state. A key aspect of this legislation is the allocation of purse money, which is distributed to the owners and breeders of winning horses. The Act specifies that a certain percentage of the pari-mutuel handle (the total amount wagered) must be designated for purses. For example, if the total pari-mutuel handle at a particular race meeting is \$10,000,000, and the statutory requirement for purses is 10% of the handle, then \$1,000,000 would be allocated for purses. This allocation is crucial for incentivizing horse owners and breeders to participate in racing within Indiana, thereby supporting the overall health and viability of the state’s horse racing industry. The Act also details how this purse money is further divided among the winning horses based on their finishing position, with the majority going to the first-place finisher. Understanding these allocation mechanisms is fundamental to comprehending the economic structure of Indiana’s pari-mutuel racing.

The Indiana General Assembly, through IC 4-33, governs riverboat gaming. A key aspect of this regulation involves the licensing and operational standards for riverboat casinos. Specifically, the law mandates that a riverboat casino must be located on a navigable waterway within Indiana. While the initial intent was to tie gaming to the historical context of riverboats, the interpretation and application of this requirement have evolved. The law does not permit the relocation of a riverboat casino to a land-based facility without significant legislative action or a specific exemption. Therefore, if a riverboat casino operator wishes to move their operations from a moored vessel on the Ohio River to a permanent land-based structure within Indiana, they would need to seek new authorization or a specific amendment to their license that permits such a transition, which is not automatically granted under existing statutes for riverboat operations. The focus remains on the operational authorization granted under the riverboat gaming framework, which is tied to the waterway.

The Indiana Horse Racing Commission (IHRC) is the regulatory body responsible for overseeing pari-mutuel wagering on horse racing in Indiana. When a licensed racetrack, such as Indiana Grand Racing & Casino, seeks to offer simulcast racing from out-of-state, it must obtain approval from the IHRC. This approval process involves demonstrating compliance with specific regulations designed to ensure the integrity of the wagering, the welfare of the horses, and the proper distribution of revenue. Key aspects of this approval typically include the contractual agreements with the originating tracks, the systems used for transmitting and accounting for wagers, and adherence to Indiana’s pari-mutuel tax rates and purse distribution requirements. The IHRC’s authority stems from Indiana Code Title 15, Article 14, which governs horse racing. The commission’s role is to ensure that simulcasting is conducted in a manner that benefits the horse racing industry within Indiana and protects the public interest. This involves careful review of the proposed simulcast signals and the financial arrangements associated with them, ensuring that all applicable Indiana laws and commission rules are followed.

The Indiana Gaming Commission (IGC) is responsible for regulating all forms of legal gaming within the state. This includes riverboat casinos, racinos (off-track pari-mutuel wagering facilities with video lottery terminals), and sports wagering. A key aspect of the IGC’s oversight is ensuring the integrity of gaming operations and protecting the public interest. This involves licensing, auditing, and enforcing regulations. When a gaming operator, such as a riverboat casino, wishes to introduce a new game or a significant modification to an existing game, it must undergo a rigorous approval process by the IGC. This process is designed to verify that the game is fair, that its payout structures are clearly defined and approved, and that the equipment used meets all technical and security standards. The IGC’s approval is not a mere formality; it signifies that the proposed game or modification has been thoroughly reviewed for compliance with Indiana Code Title 4, Article 31, which governs riverboat gaming, and other relevant administrative rules. The commission also considers the potential impact on revenue for the state and the economic well-being of the communities where these facilities are located. Therefore, any new game or significant change requires explicit authorization from the IGC before it can be offered to patrons. This regulatory control is fundamental to maintaining a transparent and accountable gaming industry in Indiana.

Indiana Code IC 4-33-12-5 outlines the requirements for obtaining a riverboat owner’s license, specifying that an applicant must demonstrate financial stability and suitability. The Indiana Gaming Commission is responsible for evaluating these factors. Financial stability is typically assessed through an examination of the applicant’s financial history, creditworthiness, and the sources of their capital. Suitability involves a comprehensive background check, including criminal history, past business dealings, and any history of regulatory violations. The commission’s approval process is rigorous, ensuring that only qualified entities are granted licenses to operate casinos within the state. The commission’s regulatory authority extends to overseeing the ongoing operations of licensed entities to ensure compliance with all state gaming laws and regulations. This includes adherence to rules regarding game integrity, responsible gaming, and anti-money laundering procedures. The ultimate goal is to protect the public interest and maintain the integrity of gaming in Indiana.

The Indiana Horse Racing Commission (IHRC) is responsible for regulating pari-mutuel wagering on horse races within the state. Under Indiana Code Title 15, Article 1, Chapter 13, the commission has the authority to license and supervise all persons and entities involved in horse racing and wagering. This includes setting standards for horse welfare, racetrack operations, and the integrity of the wagering process. Specifically, the commission approves racing dates, establishes rules for racing, and oversees the collection and distribution of pari-mutuel taxes and purses. The IHRC’s regulatory framework is designed to ensure fair competition, protect the public interest, and promote the economic viability of the horse racing industry in Indiana. The commission’s powers extend to investigating violations, imposing penalties, and revoking licenses when necessary to uphold the integrity of the sport. The specific powers and duties are detailed in various sections of the Indiana Code, outlining the scope of its oversight over licensed facilities and participants.

The Indiana General Assembly enacted IC 4-33, which governs riverboat gambling, and IC 4-35, which governs racinos and other forms of gaming. A key aspect of both legislative frameworks is the regulation of ancillary services and their relationship with licensed gaming operations. Specifically, the law addresses the licensing and oversight of entities that provide goods or services to licensed gaming establishments. This includes, but is not limited to, suppliers of gaming equipment, food and beverage providers, and security services. The Indiana Gaming Commission (IGC) is vested with the authority to promulgate rules and regulations to ensure the integrity of gaming operations. These regulations often extend to third-party vendors to prevent illicit activities and maintain public confidence in the gaming industry. Therefore, any entity providing services or goods that are integral to the operation of a licensed gaming facility in Indiana must obtain the appropriate licensing or registration from the IGC, depending on the nature and criticality of the service. This ensures that all participants in the gaming ecosystem are subject to regulatory scrutiny.

The Indiana General Assembly, through IC 4-33-13-5, outlines specific prohibitions regarding the possession and use of certain devices on riverboats or in facilities licensed for gaming. This statute prohibits the possession of devices designed or adapted for the purpose of cheating at gaming. Examples of such prohibited devices include those that can determine the outcome of a game, alter the outcome of a game, or count cards in games like blackjack. The statute also addresses devices that can be used to communicate information about the game to another person, or that can be used to conceal winnings. The key is whether the device’s design or intended use is for the purpose of gaining an unfair advantage or circumventing the integrity of the gaming process. A device that merely facilitates a player’s understanding of basic strategy or probability without directly interfering with the game’s mechanics or outcome would not typically fall under this prohibition. Therefore, a device that aids in the calculation of probabilities for a game of chance, without directly manipulating the game’s play or outcome, is not considered a prohibited cheating device under Indiana law, provided its use does not constitute an unauthorized information system or otherwise violate specific gaming regulations.

The Indiana General Assembly, through IC 4-33-13-1, establishes the framework for the licensing and regulation of riverboat casinos. This chapter specifically addresses the requirements for obtaining and maintaining a casino license, including the initial application process, background investigations, and ongoing compliance. The Indiana Gaming Commission (IGC) is the primary regulatory body responsible for overseeing all aspects of gaming in the state, including the issuance of licenses. A key component of the licensing process is ensuring the applicant’s suitability, which involves a thorough review of financial stability, business integrity, and the character of individuals associated with the applicant. The law mandates that licenses are not transferable and are subject to renewal, typically on an annual basis, contingent upon continued adherence to all state gaming laws and regulations. Furthermore, the IGC has the authority to impose sanctions, including fines and license suspension or revocation, for violations. The question probes the fundamental legal basis for riverboat casino operations in Indiana, which is rooted in the legislative act that created and governs this specific form of gaming.

The Indiana General Assembly, through IC 4-33-6-14, establishes specific limitations on the types of wagers that can be offered on riverboat casinos. This statute explicitly prohibits certain types of wagers, including those based on the outcome of any single event or athletic contest, or any wager that is not made with the patron’s own money. This prohibition is a key aspect of regulatory oversight designed to maintain the integrity of gaming and prevent certain exploitative practices. While Indiana law permits a wide range of casino games, the regulatory framework carefully defines what constitutes an acceptable wager. The prohibition against wagers based on single events or athletic contests is particularly relevant to understanding the boundaries of permissible gaming activities within the state, differentiating it from sports wagering which is regulated under separate provisions. The requirement that wagers must be made with the patron’s own funds is a fundamental consumer protection measure.

Indiana Code § 4-33-12-1 outlines the licensing requirements for riverboat casino owners. Specifically, it mandates that a majority of the voting stock of a riverboat owner’s license applicant must be owned by citizens of the United States. Furthermore, Indiana Code § 4-33-4-5 establishes the powers and duties of the Indiana Gaming Commission, including the authority to promulgate rules and regulations necessary for the proper administration of the state gaming laws. These regulations, found in the Indiana Administrative Code, often detail specific ownership percentages and residency requirements for key personnel and investors. For an applicant to be considered for a license, they must demonstrate compliance with these statutory and regulatory provisions regarding ownership structure and control, ensuring that the ultimate beneficiaries and decision-makers align with Indiana’s public policy goals for gaming. The commission’s review process involves a thorough examination of the applicant’s corporate structure, financial stability, and the backgrounds of its principals to ensure adherence to all legal mandates, including those pertaining to ownership and control by U.S. citizens. This is a fundamental aspect of the licensing process designed to maintain the integrity and public trust in the state’s gaming industry.

The Indiana Gaming Commission (IGC) oversees all forms of legalized gambling within the state, including riverboat casinos, racinos, and the state lottery. A key aspect of their regulatory authority involves licensing and the establishment of operational standards to ensure fairness, integrity, and public safety. When a riverboat casino in Indiana proposes to alter its gaming layout, including the introduction of new types of slot machines or table games, it requires explicit approval from the IGC. This process is not merely administrative; it involves a thorough review to ensure compliance with Indiana Code Title 4, Article 31, which governs riverboat gaming. The Commission assesses whether the proposed changes adhere to established game rules, payout percentages, and security protocols. Furthermore, the IGC evaluates the potential impact on the overall gaming environment, player protection measures, and the casino’s adherence to responsible gaming initiatives. This rigorous oversight is designed to maintain the integrity of the gaming industry and protect both the public and the state’s revenue interests. Therefore, any modification to the types of games offered or their physical placement necessitates formal submission and approval by the IGC.

The Indiana Horse Racing Commission (IHRC) is responsible for regulating pari-mutuel wagering in Indiana, including the licensing of facilities and individuals involved in the sport. Under Indiana Code \(IC\) 4-31-5-1, the commission has the authority to adopt rules for the conduct of racing and wagering. When a licensed racetrack operator wishes to change its ownership structure, specifically by transferring a controlling interest, the IHRC requires a thorough review and approval process. This process is designed to ensure that new owners meet the qualifications and standards set forth in Indiana gaming law, including financial stability, integrity, and suitability. The relevant statute, \(IC\) 4-31-5-3, outlines the requirement for commission approval for any transfer of a controlling interest in a license holder. Therefore, the transfer of 30% of the stock in Hoosier Downs LLC, a licensed racetrack operator, to a new entity, Hoosier Holdings Inc., constitutes a change in controlling interest that necessitates IHRC approval. This approval process typically involves a detailed background investigation of the new owner and a review of the proposed operational plan to ensure compliance with all applicable Indiana statutes and regulations governing horse racing and pari-mutuel wagering. The commission’s oversight aims to maintain the integrity of the racing industry and protect the public interest.

The Indiana Gaming Commission (IGC) is responsible for regulating all forms of gaming in Indiana, including riverboat casinos, racinos (off-track pari-mutuel wagering facilities with slot machines), and sports wagering. A critical aspect of this regulation involves ensuring the integrity of gaming operations and preventing illicit activities. The IGC establishes detailed rules and procedures that licensees must follow, covering areas such as game integrity, accounting, internal controls, and security. When a licensee fails to adhere to these regulations, the IGC has the authority to impose sanctions. These sanctions can range from fines and license suspensions to outright revocation of a gaming license. The specific sanction applied depends on the severity of the violation, the licensee’s compliance history, and other factors considered by the Commission. The regulatory framework in Indiana is designed to be comprehensive, aiming to protect the public interest and maintain a fair and honest gaming environment. The IGC’s oversight extends to every facet of gaming operations to uphold these standards.

The Indiana General Assembly, through IC 4-33-12-5, mandates that a riverboat owner’s license holder must pay a wagering tax. The tax rate is structured as a graduated percentage of the adjusted gross receipts (AGR). Adjusted Gross Receipts are defined as the total amount wagered minus the amount paid out as winnings. For the first \$1 million in AGR, the tax rate is 15%. For AGR exceeding \$1 million up to \$3 million, the rate is 20%. For AGR exceeding \$3 million, the rate is 25%. Let’s calculate the total wagering tax for a riverboat owner whose adjusted gross receipts for a given period were \$4,500,000. The first \$1,000,000 of AGR is taxed at 15%: Tax on first \$1M = \( \$1,000,000 \times 0.15 = \$150,000 \) The next \$2,000,000 of AGR (from \$1,000,001 to \$3,000,000) is taxed at 20%: Tax on next \$2M = \( \$2,000,000 \times 0.20 = \$400,000 \) The remaining AGR, which is \$4,500,000 – \$3,000,000 = \$1,500,000, is taxed at 25%: Tax on remaining \$1.5M = \( \$1,500,000 \times 0.25 = \$375,000 \) The total wagering tax is the sum of these amounts: Total Tax = Tax on first \$1M + Tax on next \$2M + Tax on remaining \$1.5M Total Tax = \( \$150,000 + \$400,000 + \$375,000 = \$925,000 \) This calculation demonstrates the application of Indiana’s graduated wagering tax structure based on adjusted gross receipts. The Indiana Gaming Commission oversees the collection of these taxes, which are a significant source of revenue for the state, funding various public services and initiatives. Understanding the specific thresholds and corresponding tax rates is crucial for compliance and financial planning for licensed entities operating within Indiana’s regulated gaming market. The calculation requires careful segmentation of the AGR into the defined tax brackets.

Indiana Code § 4-33-7-10 outlines the requirements for a casino operator to obtain and maintain a riverboat owner’s license. A key aspect of this is the initial application process, which mandates the submission of detailed financial information, including a comprehensive business plan. This plan must demonstrate the applicant’s financial stability, operational capacity, and a clear strategy for generating revenue and managing expenses. Furthermore, the applicant must prove they possess sufficient capital to fund the proposed operations and meet any financial obligations. The Indiana Gaming Commission reviews these submissions rigorously, assessing the applicant’s ability to comply with all state gaming laws and regulations, including those pertaining to responsible gaming and public safety. The commission also evaluates the applicant’s background and the integrity of their proposed management team. Failure to meet any of these stringent requirements, particularly concerning financial solvency and a viable business model, will result in the denial of the license. The demonstration of a sound financial foundation and a well-articulated operational strategy are paramount for approval.

The Indiana Gaming Commission is empowered to regulate all aspects of riverboat and, more recently, land-based casino operations within the state. This includes the licensing of operators, the approval of gaming devices, and the oversight of daily operations to ensure compliance with state law and public policy. A key component of this oversight involves the Commission’s authority to impose sanctions for violations. These sanctions can range from fines to license suspension or revocation. The specific penalty often depends on the severity of the violation, the licensee’s history of compliance, and whether the violation was intentional or negligent. Indiana Code Title 4, Article 33, specifically addresses gaming and riverboat casinos, and provides the framework for these regulatory powers and penalties. For instance, violations related to the integrity of gaming devices or the financial probity of operations are typically met with more stringent enforcement actions. The Commission’s regulatory approach aims to balance economic benefits with consumer protection and the prevention of criminal activity within the gaming industry. The authority to impose fines is a fundamental tool for enforcing compliance and deterring future misconduct.

The Indiana Gaming Commission is empowered to establish and enforce regulations governing all forms of legal gambling within the state, including riverboat casinos and the state lottery. A key aspect of this regulatory authority is the oversight of vendor licensing. Indiana Code \(IC\) 4-33-7-5 outlines the requirements for licensing of occupational and supplier employees involved in the gaming industry. Specifically, it mandates that individuals in certain positions must undergo background checks and obtain licenses. Suppliers who provide goods or services to licensed gaming operations, such as gaming equipment manufacturers or food and beverage providers, are subject to licensing by the Commission. This licensing process is designed to ensure the integrity of the gaming industry by preventing individuals with criminal histories or those deemed unsuitable from participating. The Commission has the discretion to deny, suspend, or revoke licenses based on factors including past criminal convictions, financial instability, or any conduct that would adversely affect public confidence in the gaming industry. The regulatory framework in Indiana, as seen in \(IC\) 4-33, emphasizes a comprehensive approach to ensuring a safe and fair gaming environment through stringent vendor and employee oversight.

The Indiana General Assembly, through IC 4-33-12-5, mandates that a riverboat owner’s license holder must conduct all gaming operations on a vessel located within Indiana waters. This includes ensuring that the gaming activities are physically present on the approved riverboat. The concept of “navigable waters” in the context of Indiana gaming law, particularly for riverboats, is tied to the physical location of the gaming vessel and the jurisdiction of the state. While the Ohio River forms a significant portion of Indiana’s southern border, the critical factor for licensing and regulation under IC 4-33 is the vessel’s physical mooring and operation within Indiana’s jurisdiction, not necessarily the complex historical definitions of navigable waters that might apply to other federal contexts. The law is designed to ensure that gaming revenue is generated within the state and is subject to Indiana’s regulatory framework. Therefore, a riverboat operating on the Ohio River but moored and conducting all gaming operations within Indiana’s territorial waters, as defined by state law and agreements, is compliant. The question tests the understanding of the territorial jurisdiction and the physical locus of gaming operations as defined by Indiana statutes for riverboat casinos. The emphasis is on where the gaming *occurs* and the state’s authority over that location.

The Indiana Gaming Commission (IGC) oversees all aspects of gaming in the state, including licensing, regulation, and enforcement. When a casino operator proposes to introduce a new type of gaming device or a significant alteration to an existing one, the IGC’s approval process is rigorous. This process ensures that the proposed gaming is fair, secure, and compliant with Indiana Code and IGC regulations. The IGC’s primary objective is to protect the integrity of gaming and the interests of the public. This involves a thorough technical review of the gaming device’s software, hardware, and payout percentages. Furthermore, the IGC considers the potential impact of the new gaming on the overall gaming market in Indiana, including competition and revenue generation. The commission also evaluates the financial stability and suitability of the operator seeking approval. The regulatory framework in Indiana, as established by Indiana Code Title 4, Article 33, and subsequent administrative rules, mandates this level of scrutiny for any gaming innovation. The IGC’s authority extends to approving all game rules, payout tables, and the physical characteristics of gaming devices. Therefore, any proposal for a new gaming concept must undergo this comprehensive review to ensure it aligns with the state’s public policy objectives for gaming.

The Indiana General Assembly, through IC 4-33-7-7, outlines specific requirements for a riverboat owner’s license to operate a casino in Indiana. This statute details the financial stability and integrity expected of applicants. Specifically, it mandates that an applicant must demonstrate a net worth of at least \$25 million. Furthermore, the applicant must possess sufficient liquid assets to cover at least one year of operating expenses, which must be at least \$5 million. The total investment in the riverboat and its facilities must also be at least \$25 million. These financial prerequisites are crucial for ensuring that only responsible and capable entities are granted the privilege of operating a gaming establishment, thereby protecting public interest and the integrity of the gaming industry within Indiana. The question tests the understanding of these specific financial thresholds as stipulated by Indiana law for casino licensing.

Indiana Code IC 4-33-7-7 outlines the requirements for a riverboat owner’s license, specifically addressing the financial stability and suitability of applicants. To qualify, an applicant must demonstrate that they possess sufficient financial resources to operate a riverboat gambling operation in Indiana for at least one year without additional revenue. This is typically assessed through detailed financial statements, projections, and a review of the applicant’s overall financial health and business acumen. The Indiana Gaming Commission scrutinizes these submissions to ensure the applicant can meet ongoing operational costs, regulatory compliance, and potential liabilities. The focus is on the applicant’s capacity to maintain a stable and responsible gambling enterprise, safeguarding public interest and the integrity of the gaming industry within Indiana. The law does not stipulate a specific dollar amount for this demonstration but rather requires a comprehensive showing of financial capability relative to the projected operational scale. Therefore, the ability to sustain operations for a defined period without external funding is the core requirement.

Indiana law, specifically under IC 4-33-12-5, outlines the requirements for a riverboat owner’s license to maintain its validity. A critical aspect of this is the continuous operation of the riverboat casino. The statute mandates that a riverboat owner’s license is subject to revocation if the licensee fails to operate the riverboat casino for a period exceeding 180 consecutive days. This 180-day period is a crucial threshold. The Indiana Gaming Commission has the authority to revoke a license if this operational requirement is not met, unless specific exceptions are granted by the Commission. These exceptions are typically for reasons such as natural disasters, unforeseen emergencies, or necessary repairs that are approved by the Commission. Therefore, for a license to remain valid, the riverboat must be in operation for at least some portion of every 180-day period.

Indiana law, specifically Indiana Code Title 4, Article 33, governs riverboat casinos and their operations. The Indiana Gaming Commission is the regulatory body responsible for licensing, regulating, and overseeing all forms of gaming in the state. A key aspect of this regulation involves the types of games permitted and the conditions under which they can be offered. While slot machines and table games are standard, the introduction of new gaming technologies or variations requires explicit approval and adherence to strict guidelines to ensure fairness, integrity, and compliance with public policy. The commission’s authority extends to approving game rules, payout structures, and any modifications to existing games. Without specific commission approval, a casino cannot unilaterally introduce a game that deviates from its licensed offerings, even if it is a popular variant in other jurisdictions. This regulatory framework is designed to maintain the integrity of gaming in Indiana and protect consumers.

Indiana Code § 4-33-7-2 outlines the requirements for a riverboat owner’s license. Specifically, it mandates that an applicant must have been a resident of Indiana for at least two years immediately preceding the application. This residency requirement is a fundamental aspect of ensuring local economic benefit and accountability within the state’s gaming industry. The Indiana Gaming Commission is responsible for enforcing these and other licensing provisions. Failure to meet this residency requirement would disqualify an applicant. The other options present scenarios that, while potentially relevant to gaming operations, do not directly address the statutory residency prerequisite for the owner’s license itself. For instance, having a significant business presence in Indiana is beneficial but not the same as the personal residency requirement for the license holder. Similarly, employing a substantial number of Indiana residents or contributing to local charities, while positive attributes, do not substitute for the applicant’s personal two-year residency.

The Indiana Gaming Commission (IGC) has the authority to impose sanctions on licensees for violations of the state’s gaming laws and regulations. These sanctions can range from fines to license suspension or revocation. In this scenario, a riverboat casino in Indiana, “Majestic Riverboat,” is found to have violated the Indiana Code regarding patron dispute resolution procedures, specifically failing to log and address a significant number of customer complaints within the mandated timeframe. The IGC, after a thorough investigation and hearing process, determines that the violation warrants a substantial penalty to ensure compliance and uphold the integrity of gaming operations in Indiana. The relevant Indiana Code provisions, such as IC 4-33-6-12 and associated administrative rules, outline the commission’s powers to enforce regulations and levy penalties. The commission’s decision to impose a fine of \$75,000 reflects the severity of the breach, the potential impact on patron trust, and the need for a deterrent effect on other licensees. This fine is within the statutory limits for such violations, demonstrating the commission’s adherence to its enforcement powers as defined by Indiana law. The purpose of such penalties is not punitive in the criminal sense but regulatory, aimed at correcting behavior and ensuring the continued responsible operation of the gaming industry within Indiana. The commission considers factors such as the duration and nature of the violation, any prior disciplinary actions against the licensee, and the licensee’s cooperation during the investigation.

The Indiana General Assembly, through IC 4-33-7-12, establishes the framework for awarding casino gaming licenses. This statute outlines the criteria the Indiana Gaming Commission must consider when evaluating applicants. Key among these are the applicant’s financial stability, the integrity of their operations, their business experience, and their plan for community impact. Specifically, the commission evaluates the applicant’s ability to finance the proposed casino, their history of compliance with gaming regulations in other jurisdictions, and the overall suitability of their management team. The statute emphasizes the importance of ensuring that casino operations are conducted honestly and in the best interest of the public. Therefore, an applicant demonstrating a strong track record of responsible gaming operations, robust financial backing, and a commitment to local economic development and social responsibility would be most favored. The commission’s decision is discretionary but must be based on these statutory factors.