Nevada § 463B.050 - State policy concerning continued operation of gaming establishment whose license is surrendered, lapsed, suspended or revoked
Full text of Nevada Nevada Revised Statutes § 463B.050 — State policy concerning continued operation of gaming establishment whose license is surrendered, lapsed, suspended or revoked, with citation guidance and answers to common questions.
§ 463B.050. State policy concerning continued operation of gaming establishment whose license is surrendered, lapsed, suspended or revoked
The Legislature hereby finds, and declares it to be the policy of this state, that: 1. The stability and continuity of gaming establishments in this state are essential
to the State's economy and to the general welfare of its residents. 2. Any closure of a gaming establishment because of a surrender, lapse, revocation
or suspension of its license may cause unnecessary financial hardship to its employees,
creditors and investors and may have an adverse economic effect on the residents of
the community in which it is located and on the State generally. 3. Public confidence and trust in the ability of the State to control gaming operations
must not be sacrificed by any relaxation of strict controls in particular circumstances
merely to permit gaming operations to continue. 4. Placing the management and control of a gaming establishment whose license is surrendered,
lapsed, suspended or revoked under a competent supervisory official may ensure the
proper regulation of the establishment while maintaining its value for its creditors
and investors, protecting the interests of other persons, avoiding any disruption
of the economy of the community in which it is located, and promoting the general
welfare of the State.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 463B.050
What does Nevada Revised Statutes § 463B.050 cover?
Section 463B.050 ("State policy concerning continued operation of gaming establishment whose license is surrendered, lapsed, suspended or revoked") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 463B.050?
A common citation format is "Nevada Revised Statutes § 463B.050" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 463B.050 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.