Surrender of Casino License

Surrender of Casino License. (a) The Commission, subject to this section, may accept the surrender of a casino license. (b) Application for acceptance of surrender shall be made in writing by the casino licensee to the Executive Director and shall set out in detail the grounds on which it is made. (c) Upon a consideration of the application and the grounds on which it is made, the Executive Director shall make a recommendation to the Commission to accept or not to accept the surrender. (d) The Commission may decide to accept the surrender or not to accept it after taking into consideration the recommendation of the Executive Director, but they shall not accept the surrender unless they are satisfied that there are circumstances existing in which the continued operation of the casino is not in the best interests of the casino licensee or of the public. Source: Tinian Local Initiative 1, § 26; amended by TLL 21-9, § 4 (§ 2546) (Mar. 30, 2020).