Any licensee operating at more locations than allowed under this chapter on July 1, 2025, may retain those licenses, but any of the following events or occurrences shall result in the loss of the additional licenses:
(1) Sale or transfer of ownership of the business location, property leased for the gaming location, or change of ownership or transfer of the charitable organization;
(2) Suspension or revocation of a license due to a violation;
(3) Failure by the licensee to timely reapply or pay appropriate licensure fees;
(4) Any closure of the location for ninety (90) days or more, which shall include closures due to acts of God;
(5) Failure to maintain a valid lease due to expiration and termination of lease agreements;
(6) Failure by the licensee to comply with all charitable gaming requirements;
(7) Failure or inability of the existing facility or location to restrict access to persons twenty-one (21) years of age or older; or (8) Failure of the licensee to report timely changes to the licensed location or any licensing requirements to properly update the corporation's licensing files related to the charitable activities at that location.