138.550 Suspension or revocation of race track license.

140 words·~1 min read·/ky/chapter-138/138-550

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

In addition to all other penalties provided in KRS 138.510 to 138.540:

(1)When the pari-mutuel system of betting is operated at a track licensed under KRS

Chapter 230, the license may be suspended, revoked, or renewal refused by the

corporation upon the failure of the operator to comply with KRS 138.510 to

138.540 or the rules and regulations promulgated by the department pursuant

thereto, even though the pari-mutuel system of betting and the track are operated by

different persons, corporations, or associations; and

(2)Any advance deposit account wagering licensee that fails to remit the tax imposed

by KRS 138.513, to remit returns required by KRS 138.530, or to maintain the

records required by KRS 138.530 or administrative regulations promulgated by the

department, may have the license granted under KRS 230.260 suspended, revoked,

or not renewed by the corporation.