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July 7, 2015: Amended AB 701

This bill would exempt from that provision a person or entity that has held a license in good standing as an owner of a gambling establishment for at least 5 years as of January 1, 2015, has notified the California Gambling Control Commission and the Department of Justice, has received commission approval to obtain a financial interest in a business or organization within the United States that conducts lawful gambling outside of California that, if conducted within California, would be unlawful, and has paid the commission for the reasonable costs of the investigation and approval for obtaining the financial interest.

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