Section 39A. Any organization holding a beano license, issued pursuant to section thirty-eight, which also holds a raffle permit issued pursuant to section seven A of chapter two hundred and seventy-one, shall submit such information and reports to the director concerning raffles and bazaars conducted by it as may be required by commission regulations, and the commission may establish regulations governing the operation of raffles and bazaars conducted by such organizations. The director may suspend or revoke any such raffle permit for violation of said section seven A of said chapter two hundred and seventy-one or of commission regulations.