U.S. VIRGIN ISLANDS INTERNET GAMING AND GAMBLING PROPOSED REGULATIONS — November 19, 2002 §603-1.1 Definitions The following words and terms, when used in these rules, shall have the following meanings, unless the context clearly indicates otherwise. (a) "Act" means all current and previous Virgin Islands legislation enacted to enable land-based casino and Internet gaming or Internet gambling operations. (b) "Approved Game" means an Internet game that the Commission has approved for use in online wagering by an Internet gaming or Internet gambling licensee. (c) "Approved Internet Gambling" means conducting Internet gambling with the approval of the Commission. (d) "Bank" means any financial institution organized under federal, state or territorial law including, but not limited to: a bank; a thrift institution; a credit union; a credit card services institution and any other financial services institution recognized under the laws of the United States and United States Virgin Islands as a financial intermediary. (e) "Commission" means the Casino Control Commission established pursuant to the provisions of Title 32, Virgin Islands Code. (f) "Control" means: ownership of, or the power to vote, directly or indirectly, at least fifteen percent (15%) of a class of voting securities or voting interests of an Internet gaming or Internet gambling licensee or person in control of an Internet gaming or Internet gambling licensee; or the power to elect a majority of executive officers, managers, directors, trustees, or other persons exercising managerial authority of an Internet gaming or Internet gambling licensee or person in control of an Internet gaming or Internet gambling licensee; or the power to exercise directly or indirectly, a controlling influence over the management of policies of an Internet gaming or Internet gambling licensee or person in control of an Internet gaming or Internet gambling licensee, if the Commission, after n