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Modifications in control by way of merger, consolidation, stock or asset acquisitions, management or consulting agreements, or otherwise, require prior approval of gaming authorities in sure jurisdictions. We are topic to extensive prior approval necessities relating to sure borrowings and security interests with respect to our New Orleans on line casino. Within the occasion a security holder is disqualified, the brand new Jersey gaming authorities are empowered to propose any mandatory motion to protect the public curiosity, together with the suspension or revocation of the licenses for the casinos we personal in New Jersey. If the safety holder is finally discovered unqualified, the trustee is required to sell the securities and to distribute the proceeds of the sale to the applicant in an amount not exceeding the lower of the particular value of the investment or the worth of the securities on the date the belief turned operative and to distribute the remaining proceeds to the state. We might even be required to disclose to gaming authorities upon request the identities of the holders of our debt or other securities.



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