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CONSIDERATION OF AN AMENDMENT TO THE CHULA VISTA GAMING PLAN TO ALLOW CITY COUNCIL WAIVER OF REQUIREMENTS FOR TEMPORARY REVERSION OF CLASS II LICENSES TO CLASS I LICENSES UPON TRANSFER AND RELATED ACTIONS
A. RESOLUTION NO. 2017-056 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING AN AMENDMENT TO THE CHULA VISTA GAMING PLAN TO ALLOW CITY COUNCIL WAIVER OF REQUIREMENTS FOR TEMPORARY REVERSION OF CLASS II LICENSES TO CLASS I LICENSES UPON TRANSFER
RELATED ACTIONS:
B. RESOLUTION NO. 2017-057 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA (1) RATIFYING CHIEF OF POLICE AND STATE OF CALIFORNIA DIVISION OF GAMBLING CONTROL APPROVALS OF THE TRANSFER OF A CONSOLIDATED CLASS II CARDROOM LICENSE FOR THE SEVEN MILE CASINO FROM V C CARDROOM, INC. TO STONES SOUTH BAY CORPORATION; (2) WAIVING THE REQUIREMENT FOR TEMPORARY REVERSION OF THE CLASS II LICENSE TO A CLASS I LICENSE FOR THIS TRANSFER WITH FINDINGS AND CONDITIONS; (3) RATIFYING CHIEF OF POLICE APPROVAL OF THE NEW OWNERS AND OTHERS POSSESSING A FINANCIAL INTEREST IN THE GAMING OPERATIONS AND/OR CARDROOM LICENSE FOR THE SEVEN MILE CASINO; AND (4) APPROVING RELATED MATTERS
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RECOMMENDED ACTION
Recommended Action
Council conduct the public hearing and adopt the resolutions.
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SUMMARY
This staff report and associate items are jointly submitted by the City Manager, the Police Department and the City Attorney's Office.
V C Cardroom, Inc. ("VC Inc."), whose sole shareholder is The Harvey and Bette Souza Living Trust (the "Trust"), has agreed to transfer its interest in the Cardroom License for Seven Mile Casino ("Casino") to the Stones South Bay Corporation ("Stones Corp."). The principal owners of the Stones Corp. are Ryan Stone, Rodney F. Stone, Masis Kevorkian, and Kermit Schayltz. Among other things, the transfer is conditioned on receiving approval from the State of California Division of Gambling Control and the City of Chula Vista. The transfer and new ownership have now been approved b...
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