The commission may revoke a license issued by it under this chapter or a franchise granted pursuant to section two hundred six of this article if the corporation to which such license or franchise shall have been issued, or its officers or directors, shall not conduct racing at its track, including pari-mutuel betting on races thereat, in accordance with the terms and conditions of such license or franchise, with the rules of the commission and with the provisions of this chapter; or if such corporation 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 this chapter or of the penal law.
New York Legal Code