Suspension and revocation; receivership

32 V.I.C. § 631 — under Virgin Islands Internet Gaming and Internet Gambling Act.

32 V.I.C. § 631

(a) The Commission may suspend or revoke a license or place a licensee in receivership if:(a) the licensee violates this Article or a rule or regulation adopted or an order issued pursuant to this Article;(b) the licensee does not cooperate with an examination or investigation by the Commission and/or the Division of Gaming Enforcement;(c) the licensee engages in fraud, intentional misrepresentation, or gross negligence;(d) the licensee or a key employee is convicted of a violation of a territorial or federal anti-money laundering statute or a provision of this Article, or violates a rule or regulation adopted or an order issued under this Article, as a result of the licensee's willful misconduct or willful blindness;(e) the competence, experience, character, or general fitness of the licensee, key employee, person in control of a licensee, or responsible person of the licensee or authorized delegate indicates that it is not in the public interest to permit the person to conduct an Internet gaming or Internet gambling business;(f) the licensee engages in an unsafe or unsound practice;(g) the licensee is insolvent, suspends payment of its obligations, or makes an assignment for the benefit of its creditors; or(h) the licensee does not remove an agent or key employee after the Commission issues and serves upon the licensee a final order including a finding that the person has violated this Article.(i) providing materially false or misleading representations in the license application.

(a) the licensee violates this Article or a rule or regulation adopted or an order issued pursuant to this Article;

(b) the licensee does not cooperate with an examination or investigation by the Commission and/or the Division of Gaming Enforcement;

(c) the licensee engages in fraud, intentional misrepresentation, or gross negligence;

(d) the licensee or a key employee is convicted of a violation of a territorial or federal anti-money laundering statute or a provision of this Article, or violates a rule or regulation adopted or an order issued under this Article, as a result of the licensee's willful misconduct or willful blindness;

(e) the competence, experience, character, or general fitness of the licensee, key employee, person in control of a licensee, or responsible person of the licensee or authorized delegate indicates that it is not in the public interest to permit the person to conduct an Internet gaming or Internet gambling business;

(f) the licensee engages in an unsafe or unsound practice;

(g) the licensee is insolvent, suspends payment of its obligations, or makes an assignment for the benefit of its creditors; or

(h) the licensee does not remove an agent or key employee after the Commission issues and serves upon the licensee a final order including a finding that the person has violated this Article.

(i) providing materially false or misleading representations in the license application.