5-1307. Limited event wagering operator licenses; definition

371 words·~2 min read·/az/title-5/5-1307

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A. An event wagering operator may partner with a racetrack enclosure or additional wagering facility that holds a permit that is issued by the division of racing to obtain a limited event wagering license for event wagering only at one specific physical location. On application, the department may issue a total of up to ten limited event wagering licenses to authorize event wagering at ten specific physical locations.

B. An entity seeking a limited event wagering license shall provide the following information to the department in its application:

1. A copy of its current approval by the division of racing to conduct racing meetings or approval as an additional wagering facility.

2. A letter from an event wagering operator of its partnership for the purposes of event wagering.

3. An attestation and map demonstrating that the specific physical location of the event wagering facility is located at least five miles from:

(a)A tribal gaming facility.

(b)The specific event wagering facility location operated by an event wagering operator.

(c)The specific event wagering facility location operated by another limited event wagering operator.

C. The department shall issue a limited event wagering license if the following conditions are met:

1. The applicant is in compliance with all division of racing rules regarding its racing or additional wagering facility operations.

2. The applicant has a current license with the division of racing.

3. The applicant is not currently the subject of an investigation by the division of racing for a violation of division rules.

4. The applicant submits fees as required by the department.

D. A limited event wagering license allows the licensee to conduct event wagering only in accordance with this chapter and any applicable rules adopted by the department.

E. A limited event wagering operator shall be licensed by the department before the commencement of operation and every two years thereafter. The license shall include each principal, the primary management official and key employees.

F. The department shall deposit, pursuant to sections 35-146 and 35-147, the fees collected from licenses under this section in the event wagering fund established by section 5-1318.

G. For the purposes of this section, "additional wagering facility" has the same meaning prescribed in section 5-101.