BILL NUMBER: SB 356	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Yee

                        FEBRUARY 20, 2013

   An act to amend Section 19858 of the Business and Professions
Code, relating to gaming.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 356, as introduced, Yee. Gambling establishments: owner
licensing.
   Under existing law, a person is deemed unsuitable to hold a state
gambling license to own a gambling establishment if the person, or
any partner, officer, director, or shareholder of the person, has any
financial interest in any business or organization that is engaged
in a prohibited form of gambling, whether within or without this
state, except as specified.
   This bill would except from the application of this provision a
person or entity that has been licensed in good standing as an owner
of a gambling establishment for at least 5 years as of January 1,
2013, and that has obtained a financial interest in a gambling
operation that is conducted only outside of the United States.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 19858 of the Business and Professions Code is
amended to read:
   19858.  (a) Except as provided in  subdivision (b)
  subdivisions (b) and (c)  , a person 
shall be   is  deemed  to be 
unsuitable to hold a state gambling license to own a gambling
establishment if the person, or any partner, officer, director, or
shareholder of the person, has any financial interest in any business
or organization that is engaged in any form of gambling prohibited
by Section 330 of the Penal Code, whether within or without this
state.
   (b) Subdivision (a) does not apply to a publicly traded racing
association, a qualified racing association, or any person who is
licensed pursuant to subdivision (b) or (c) of Section 19852. 
   (c) Subdivision (a) does not apply to a person or entity that
meets both of the following:  
   (1) Holds a license in good standing as an owner of a gambling
establishment pursuant to this chapter for at least five years as of
January 1, 2013.  
   (2) Has obtained a financial interest in a gambling operation that
is conducted only outside of the United States.