Sec. 18. The Indiana horse racing commission shall evaluate any proposed distribution agreement submitted under section 16 of this chapter using the following criteria:
(1) The best interests of pari-mutuel horse racing in Indiana.
(2) Maintenance of the highest standards and greatest level of integrity.
(3) Fairness to all parties.
(4) The financial stability of licensees.
(5) Any other factor considered relevant by the Indiana horse racing commission.