Indiana Code Title 4. State Offices and Administration § 4-35-5-7

Sec. 7. (a) A licensee or any other person must apply for and receive the commission's approval before:

(b) The commission shall adopt rules governing the procedure a licensee or other person must follow to take an action under subsection (a).  The rules must specify that a person who obtains an ownership interest in a gambling game license must meet the criteria of this article and comply with the rules adopted by the commission.  A licensee may transfer a gambling game license only in accordance with this article and the rules adopted by the commission.

(c) A person may not:

a gambling game license.

(d) Except as provided in subsection (e), a transfer fee is imposed on an initial licensee who sells or otherwise relinquishes a controlling interest, as determined under the rules of the commission, in a gambling game license.  The amount of the fee is fifty million dollars ($50,000,000).

(e) The fee imposed by subsection (d) does not apply if:

(f) The transfer of a gambling game license by a person other than the initial licensee to receive the gambling game license is not subject to a transfer fee.