TITLE 10: LOCAL LAWS DIVISION 2: SECOND SENATORIAL DISTRICT (TINIAN, ETC.)
§ 2575. Junket Enterprises. (a) Junket enterprises may conduct business with a casino provided they are licensed as casino service industry in accordance with 10 CMC § 2571(a) and the Commission’s regulations and: (1) Maintain a valid CNMI business license; (2) Maintain a CNMI bank account; (3) Agree in a form prescribed by the Commission to be subject to audits by the Division or Commission or their designees; and (4) Agree in a form prescribed by the Commission to apply for a casino service industry license. (5) The Commission is authorized to prepare and implement specific regulations related to junket play as needed. (b) A failure to comply with any of the aforementioned requirements shall be grounds for the revocation of the junket enterprise’s license and a prohibition of business with casino licensees. (c) A junket enterprise may enter into a written agreement with a casino operator for a direct or indirect interest in or percentage or share of the revenues, profits or earnings from or of the casino; provided that: (1) The agreement is provided in advance to the Commission for approval, in accordance with regulations; and (2) Any revisions to the agreement shall be approved by the Commission in accordance with regulations. Source: Tinian Local Initiative 1, § 54; amended by TLL 21-9, § 4 (§ 2575) (Mar. 30, 2020).