1. Any natural person, association or corporation desiring to conduct horse racing within the State of Nevada must apply to the Board for a license so to do. The application must be in such form and supply such data and information as the Board prescribes.

2. The Board shall investigate the applicant, and any other person whom it believes necessary to determine the applicant’s suitability to receive a license to conduct racing. The cost of the investigation must be paid by the applicant. The Board shall recommend in writing to the Commission either approval or denial of the license. If denial is recommended, the Board shall prepare and file with the Commission its written reasons for that recommendation. If the Board recommends denial, the Commission may grant the license only by unanimous vote of the members present.

3. Each license issued by the Commission to conduct horse racing must be conditioned upon the licensee’s approving any locations which may be established in this state for off-track pari-mutuel wagering as required by 15 U.S.C. § 3004(b)(1)(A) as enacted and as this subsection may be amended from time to time.

4. The Commission may revoke, modify or suspend a license, fine a licensee or refuse to issue a license if it has reasonable cause to believe that the public interest can best be served by such an action. Any such action, except the refusal to issue a license, must comply with the procedures set forth in NRS 463.310 to 463.3145, inclusive. The judicial review provided in NRS 463.315 to 463.318, inclusive, is available to any person aggrieved by the final decision of the Commission to revoke or suspend a license or fine a licensee.

5. A license to conduct horse racing issued by the Commission continues to be valid without renewal unless it is suspended or revoked or the licensee changes the location at which the licensee conducts racing or ceases to conduct racing.

[Part 7:321:1951] — (NRS A 1960, 186; 1965, 524; 1973, 466; 1975, 395; 1981, 1943; 1983, 1895, 1999; 1993, 2124; 1997, 3131)