(A) Except as provided in § 5-4.08 of this chapter, no card room license shall be assignable or transferable, except that a city gambling license that was in effect on September 1, 2015 for a card room in operation on that date may be transferable to the purchaser, heir or other successor in interest of that established business where the license is used and operated; however, the transferee, before operating the card room, shall obtain permission for the card room license transfer from the Council in the same manner as for an original issuance under § 5-4.04, the Chief of Police forwarding his report and recommendation to the Council prior to action being taken. The approval or disapproval of any card room license transfer permitted by this section shall be within the sole discretion of the Council based on the criteria established by this chapter and in compliance with § 5-4.04. If a request for a license transfer has not been made within 60 days after the business sale takes place, the card room license shall expire.
(B) For a license that was in effect for a card room operating on September 1, 2015, in the event the existing business to which the card room license is necessarily attached reverts to the former card room license holder because of the nonpayment of the purchase price or by reason of contract, operation of law, or otherwise, the card room license may be transferred to the former card room license holder subject to Council approval under § 5-4.04. In all other cases, the license shall automatically expire.
(Ord. 2051-C-S, passed 10-25-11; Am. Ord. 2095-C-S, passed 2-24-15; Measure E Initiative, adopted 6-7-16)