(a) Subject to the provisions of the Act, this division and Title 11, Division 3, of the California Code of Regulations, a cardroom business licensee may continue gambling operations or a TPPPS business license may continue to provide third-party proposition player services following a qualifying event only if an owner or a licensed person affiliated with the cardroom business licensee or TPPPS business licensee has control of the gambling operations or the provision of third-party proposition player services, as applicable, the Commission and Bureau are notified of the qualifying event within 10 calendar days of that event, and the new owner, or individual in control of the ownership interest, submits a request for an interim owner category license to the Bureau as provided in Section 12136. Gambling operations or the provision of third-party proposition player services, as applicable, must be immediately terminated if the Commission denies an applicant's request for an interim owner category license, or approves an applicant's request to withdraw that application, and no other person has applied for or been granted an interim or regular owner category license for that cardroom business licensee or TPPPS business licensee.

(b) If, as a result of a qualifying event, a new owner intends to sell his or her interest in the cardroom business licensee or TPPPS business licensee without someone obtaining an interim or regular owner category license, he or she must provide written notification to the Bureau of that intent within 30 calendar days of that qualifying event.

(c) If, during the term of an interim owner category license, the Bureau determines that the holder of that license may be disqualified for any of the reasons set forth in Business and Professions Code section 19859, or may have violated one or more of the conditions under which the interim owner category license was issued, the Bureau must notify the Commission and the holder of the interim license. The matter will be set for Commission consideration at a Commission meeting, which may be no sooner than 45 calendar days after the Bureau's notice. The Bureau will present the information related to its notice at the Commission meeting. The interim license holder may address the Commission by way of an oral or written statement, or both, at the Commission meeting. The Commission may act to cancel the interim owner category license.

(d) This section does not preclude the Commission from issuing temporary licenses pursuant to Business and Professions Code section 19824, subdivision (f).

(e) Neither an applicant for an interim owner category license nor the holder of an interim owner category license has the right to an evidentiary hearing in the event the applicant is approved with conditions, denied or cancelled.