                                 CODE OF VIRGINIA

ACQUISITION OF INTEREST IN LICENSEE OR PERMIT HOLDER (§ 58.1-4117)

The Department shall require any person desiring to become a principal of, or
other investor in, any licensee or holder of a supplier&#8217;s permit to apply
to the Board for approval and may demand such information of the applicant as it
finds necessary. The Board shall consider such application within 60 days of its
receipt, and if in its judgment the acquisition by the applicant would be
detrimental to the public interest, to the honesty and integrity of gaming
operations, or to its reputation, the application shall be denied. All
reasonable costs for review by the Board shall be borne by the applicant.

HISTORY: 2020, cc. 1197, 1248.