58 Pa. Code § 441a.11a. Duty to maintain financial suitability.

§ 441a.11a. Duty to maintain financial suitability.

A slot machine licensee and its intermediaries, subsidiaries and holding companies shall, at all times, remain financially suitable. In determining whether a licensee is financially suitable, the Board will consider the following factors:
   (1)  The ability to develop and maintain the proposed or licensed project.
   (2)  The ability to obtain financing and meet its financial obligations.
   (3)  The ability to maintain a steady level of growth of revenue.
   (4)  The historical financial suitability and financial wherewithal of the slot machine licensee, its intermediaries, subsidiaries and holding companies.

Authority

   The provisions of this §  441a.11a issued under 4 Pa.C.S. § §  1202(b)(9)—(23), 1205, 1206(f) and (g), 1207(1) and (2), 1208(1)(iii), 1209(b), 1212, 1213, 13A11, 13A12—13A14, 13A15 and 1802 and Chapter 13.

Source

   The provisions of this §  441a.11a adopted June 12, 2015, effective June 13, 2015, 45 Pa.B. 2829.

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