Louisiana Administrative Code › Title 42 - LOUISIANA GAMING › Part VI - Sports Wagering › Chapter 3 - Licensing › Section VI-301 - Licenses, General

Current through Register Vol. 50, No. 6, June 20, 2024
A. No person,
				business, or legal entity shall operate a sports book without first being
				licensed by the board.
B. Sports
				wagering licenses shall be applied for, issued, and regulated according to the
				Act, including, but not limited to
				R.S.
				27:1 et seq., Part III of this Title, and
				this Part.
C. A license shall be
				issued in the name of the person responsible for a sports book.
D. Any license issued by the board or
				division is deemed to be a revocable privilege, and no person holding such a
				license is deemed to have acquired any vested rights therein.
E. All licenses shall be surrendered to the
				board or division upon their expiration or revocation at which time they will
				be destroyed unless needed for a pending investigation.
F. Licenses are not transferable or
				assignable. If the status of the sports wagering licensee should change such
				that the person no longer needs or is entitled to the license, then the license
				shall be canceled and any tangible item which evinces such a license shall be
				surrendered to the board or division within five days of the change of status.
				Any license surrendered shall be marked canceled or destroyed.
G. Application Process and Notification
1. Bid Process after Initial Licensing Period
				if more Applicants than Licenses Available
a.
				Consideration for licensure shall be in accordance with
				R.S.
				27:604.
b. No application shall be accepted after the
				close of the applicable application period.
c. Applicants and associated persons who are
				required to submit to suitability shall submit fingerprints and all required
				forms within 30 days after the close of the application period. An applicant
				may request an extension of up to 30 days for good cause shown. If all required
				forms and fingerprints are not submitted timely, the applicant shall be deemed
				ineligible and disqualified from that application period.
d. Applicants shall be notified in writing if
				they are deemed eligible or ineligible.
e. After every applicant that submitted
				during the applicable application period has been either deemed eligible or
				ineligible, the eligible applicants shall be evaluated and the board shall
				consider the following factors:
i. greatest
				potential for revenue generation for the state;
ii. the character, reputation, experience,
				and financial integrity of the applicant and its associated persons who are
				required to submit to suitability;
iii. whether the applicant has adequate
				capitalization to establish and maintain a sports wagering operation for the
				duration of the license;
iv. the
				design of the sports book lounge; and
v. any other factor relevant to the security
				and integrity of the sports wagering industry in Louisiana.
f. The division shall conduct an
				investigation of the applicant and its associated persons to determine whether
				the applicant and its associated persons are suitable for licensure under the
				Act and these regulations.
g.
				Available licenses will be awarded at a public meeting of the board.