No compensation payable for regulatory action
114 No compensation payable for regulatory action
No compensation is payable by or on behalf of the State because of regulatory action that has an effect on—
an entity that is or was concerned in, or otherwise connected to, the administration, management, operation or ownership of a hotel-casino complex or casino, including, for example—
a casino entity; or
an associate of a casino entity under section 30A(4); or
an entity associated with financing a casino entity or casino operations; or
an employee of an entity mentioned in subparagraphs (i) to (iii); or
the revenue earned from casino operations.
This section applies despite—
any other provision of this Act; or
another Act or law, including, for example, an agreement Act; or
any other instrument, including an agreement to which the State and a casino entity are parties.
In this section—
casino entity means—
a casino licensee; or
the lessee under a casino lease; or
the casino operator under a casino management agreement; or
an entity proposed to be an entity mentioned in paragraphs (a) to (c).
compensation includes—
damages; and
another form of monetary compensation; and
any other amount, whether described as compensation or not, payable under an instrument, including an agreement to which the State and a casino entity are parties; and
liability to make payments under an instrument on occurrence of events specified in the instrument, including an agreement to which the State and a casino entity are parties.
regulatory action includes—
an amendment of this Act, an agreement Act, a casino agreement or any other law that provides for or regulates the management or operations of a casino; and
the making of a regulation under this Act; and
the appointment of an administrator under section 31 or a special manager under part 9, division 3; and
an action taken, or failure to take an action, by a special manager; and
the exercise of functions or powers under this Act, an agreement Act, a casino agreement or any other law that provides for or regulates the management or operations of a casino, including the exercise of regulatory or supervisory powers under instruments approved or created under this Act.
This provision refers to the regulations (a regulation
). Made under this Act:
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.