1. The Board shall make appropriate investigations: (a) To determine whether there has been any violation of this chapter or chapter 368A , 462 , 464 , 465 or 466 of NRS or any regulations adopted thereunder. (b) To determine any facts, conditions, practices or matters which it may deem necessary or proper to aid in the enforcement of any such law or regulation. (c) To aid in adopting regulations. (d) To secure information as a basis for recommending legislation relating to this chapter or chapter 368A , 462 , 464 , 465 or 466 of NRS. (e) As directed by the Commission. 2. If, after any investigation the Board is satisfied that: (a) A license, registration, finding of suitability, preliminary finding of suitability, pari-mutuel license or prior approval by the Commission of any transaction for which the approval was required or permitted under the provisions of this chapter or chapter 462 , 464 or 466 of NRS should be limited, conditioned, suspended or revoked; or (b) A person or entity which is licensed, registered, found suitable or found preliminarily suitable pursuant to this chapter or chapter 464 of NRS or which previously obtained approval for any act or transaction for which Commission approval was required or permitted under the provisions of this chapter or chapter 464 of NRS should be fined, the Board shall initiate a hearing before the Commission by filing a complaint with the Commission in accordance with NRS 463.312 and transmit therewith a summary of evidence in its possession bearing on the matter and the transcript of testimony at any investigative hearing conducted by or on behalf of the Board. 3. Upon receipt of the complaint of the Board, the Commission shall review the complaint and all matter presented in support thereof, and shall conduct further proceedings in accordance with NRS 463.3125 to 463.3145 , inclusive. 4. After the provisions of subsections 1, 2 and 3 have been complied with, the Commission may: (a) Limit, condition, suspend or revoke the license of any licensed gaming establishment or the individual license of any licensee without affecting the license of the establishment; (b) Limit, condition, suspend or revoke any registration, finding of suitability, preliminary finding of suitability, pari-mutuel license, or prior approval given or granted to any applicant by the Commission; (c) Order a licensed gaming establishment to keep an individual licensee from the premises of the licensed gaming establishment or not to pay the licensee any remuneration for services or any profits, income or accruals on the investment of the licensee in the licensed gaming establishment; and (d) Fine each person or entity, or both, which is licensed, registered, found suitable or found preliminarily suitable pursuant to this chapter or chapter 464 of NRS or which previously obtained approval for any act or transaction for which Commission approval was required or permitted under the provisions of this chapter or chapter 464 of NRS: (1) Not more than $500,000 for each separate violation of the provisions of this chapter or chapter 368A , 464 or 465 of NRS or of any regulations adopted thereunder, which is the subject of an initial complaint; and (2) Not more than $1,000,000 for each separate violation of the provisions of this chapter or chapter 368A , 464 or 465 of NRS or of any regulations adopted thereunder, which is the subject of any subsequent complaint. All fines must be paid to the State Treasurer for deposit in the State General Fund. 5. For the second violation of any provision of chapter 465 of NRS by any licensed gaming establishment or individual licensee, the Commission shall revoke the license of the establishment or person. 6. If the Commission limits, conditions, suspends or revokes any license or imposes a fine, or limits, conditions, suspends or revokes any registration, finding of suitability, preliminary finding of suitability, pari-mutuel license or prior approval, it shall issue its written order therefor after causing to be prepared and filed its written decision upon which the order is based. 7. Any such limitation, condition, revocation, suspension or fine so made is effective until reversed upon judicial review, except that the Commission may stay its order pending a rehearing or judicial review upon such terms and conditions as it deems proper. 8. Judicial review of any such order or decision of the Commission may be had in accordance with NRS 463.315 to 463.318 , inclusive.
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