P.R. Laws tit. 15, § 75
Any license issued by the Commissioner of Financial Institutions under §§ 71—79 and 85—89 of this title shall state the name of the licensee and the hotel where the operation of a gambling hall is authorized. No person other than the licensee and his/her employees shall operate a gambling room, nor shall the same be located at a place other than the one designated in the license. No transfer, assignment or cession of any share of or interest in the license shall be carried out without having previously obtained the written approval of the Commissioner of Financial Institutions and paid the amount of fifteen thousand dollars ($15,000) to defray the costs of the investigation incurred by the Commissioner of Financial Institutions pursuant to the provisions of § 73 of this title. Any transfer, cession or assignment without the prior approval provided hereinbefore, or the concealment in any way of the real owner of the gambling room; or of any share or participation in the person holding a license, shall entail the cancellation of the license.
History —May 15, 1948, No. 221, p. 750, § 6; June 23, 1956, No. 90, p. 582, § 6; July 30, 1974, No. 2, Part 2, p. 587, § 5; June 26, 1997, No. 24, § 6.