§ 419. Revocation of license. The commission may revoke or suspend a
license for the conduct of quarter horse race meetings at which
pari-mutuel betting is conducted:

1. for any cause that would permit or require the commission to refuse
to issue a license, or

2. if the commission determines that the corporation or association to
which such license has been issued, or its officers or directors, fails
to conduct racing at its track, including pari-mutuel betting on the
races at such track, in accordance with the terms and conditions of such
license, the rules of the commission or of the department of taxation
and finance, or the provisions of sections two hundred twenty-two
through seven hundred five of this chapter, or if such corporation or
association or its officers or directors shall knowingly permit on its
grounds or within the enclosure of its racetrack, lotteries,
pool-selling or bookmaking, or any other kind of gambling, in violation
of sections two hundred twenty-two through seven hundred five of this
chapter or of the penal law.