Unless it finds that the applicant can comply or has complied with all of the applicable regulations set forth in § 114.22 of this chapter, the Council shall:
(A) Upon receipt from the Board of a notice of application for issuance or renewal of a license, take action to disapprove the same and inform the Board; or
(B) As to lawful gambling exempt from licensing, refuse to issue or renew a permit.
(2004 Code, § 114.23)