The commission may deny, suspend, or revoke licenses under the certificate system and privileges granted by it, and it may terminate racing privileges for just cause. Actions constituting just cause include:
1. Any action or attempted action by a person contrary to any law.
2. Corrupt practices, which include:
a. Prearranging or attempting to prearrange the order of finish of a race.
b. Failing to properly pay winnings to a bettor or to properly return change to a bettor purchasing a ticket.
c. Falsifying or manipulating the odds on any entrant in a race.
3. Any violation of the rules of racing adopted by the commission.
4. Willful falsification or misstatement of fact in an application for racing privileges.
5. Material false statement to a racing official or to the commission.
6. Willful disobedience of a commission order or of a lawful order of a racing official other than a commission member.
7. Continued failure or inability to meet financial obligations connected with racing meets.
8. Failure or inability to properly maintain a racetrack.