Can my company be fined in connection with my license to sell to casinos?
Q: Can my company be fined in connection with my license to sell to casinos?A: Yes. A company that conducts business with a casino is subject to the laws and regulations of the jurisdiction in which it has been granted a gaming license or exemption. Such laws and regulations set forth various obligations to ensure ongoing compliance. It is also important to note that disciplinary action can vary anywhere from a nominal fine to complete license revocation, which will prevent any further business with a casino licensee (possibly until a later time). Such fines can range depending upon the severity of the infraction committed by the company; however, it is important to note that such infractions must be reported to other jurisdictions in which the company holds a license as well as any new jurisdiction where a license is pursued in the future.