Background Investigative Services

Background Investigative Services to verify the accuracy and veracity of information submitted by applicants.
- Primary goal of each investigation is to minimize risk to the State, the Commission, and the public by ensuring the responsibility, integrity, and credibility of each applicant prior to potential licensure.
- All background investigations for new and renewal Business Applicants must include, but not be limited to, the following steps:
• Create an audit and investigative plan for each applicant.
• Review the Application as well as documentation provided by the Commission.
• Conduct searches using commercially available and/or proprietary databases of multi-jurisdictional (city, county, state and federal) civil, criminal, and bankruptcy records to uncover suits, liens, judgments, convictions, and bankruptcy filings.
• Produce and review a business credit report.
• Through the most efficient means available, verify the business license status of the business (e.g., entity is active and in good standing) and validate the Employer Identification Number (EIN).
• Perform database search and analysis of any information publicly reported or disclosed about the company or officers. Such information shall include news media reports, congressional hearing transcripts, publications, and disclosures made to the United States Securities and Exchange Commission (SEC) by applicants that are issuers of publicly traded securities.
• Using commercially available and/or proprietary databases, verify and validate information disclosed on the Application.
• Through the most efficient means available, interview appropriate regulatory agencies to verify gaming licenses and include any derogatory information discovered.
• Perform analysis of financial statements for financial stability and indicators of financial distress.
• Perform analysis of business tax returns for financial stability and indicators of financial distress.
• Perform analysis of investigative findings and identify issues of concern in consultation with the Commission.
• Submit a completed investigative report to the Commission in an agreed upon format within 60 days of assignment.