Louisiana SB487 amends the Charitable Raffles, Bingo and Keno Licensing Law to regulate rental agreements for charitable gaming premises and.
Louisiana SB487 modifies the Charitable Raffles, Bingo and Keno Licensing Law by requiring that any lease for charitable gaming premises or equipment be mutually agreed upon in writing by the parties involved. The law prohibits any payment exceeding the reasonable market rental rate as mutually agreed upon in writing. It also retains the existing prohibition on leases providing for payment based on a percentage of gross receipts or profits derived from a game of chance.
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