La. Admin. Code tit. 42 § XV-1119

Current through Register Vol. 50, No. 11, November 20, 2024

Section XV-1119 - Operator Permit

A. An applicant for an operator permit must meet and maintain the suitability standards provided for in the Act and these rules, including but not limited to, R.S. 47:9094.

B. An applicant for an operator permit must demonstrate the ability to satisfy the technical and operational standards and requirements for sports wagering required by the corporation.

C. An applicant must demonstrate the ability to satisfy the requirement that the operator will contract with multiple distributors and operator vendors to provide maximum opportunity for economic development.

D. An applicant must be a person domiciled in Louisiana or a domestic business entity with a certificate of existence from the Secretary of State and in good standing or a foreign corporation with a certificate of authority to transact business in this state from the Secretary of State and in good standing.

E. An applicant must provide the corporation with financial statements indicating any sports wagering revenues or gaming revenues for the previous three years.

F. Suitability is an ongoing process. A permittee or person required to submit to suitability by the Act or these rules has a continuing duty to inform the corporation of any action which could reasonably be believed to constitute a violation of the Act or these rules.

G. An applicant, permittee or person required to submit to suitability by the Act or these rules has a continuing duty to inform the corporation of material changes in their affiliations, businesses, financial standing, operations, ownership relationships, corporate management personnel, officers, or directors.

H. The corporation may consider the following criteria when deciding whether to issue a permit or a finding of suitability to conduct sports wagering or whether to continue permitting or finding a person suitable to participate in sports wagering:

1. the applicant or permittee and its operation is properly financed;

2. the corporation may consider whether the sports wagering platform is designed and secured in a manner that provides adequate security for all aspects of its operation and for players;

3. the corporation may consider the character and reputation of all persons identified with the ownership and operation of the applicant or permittee and their capability to comply with the Act and these rules; and

4. the corporation may consider such other factors as may arise in the circumstances presented.

La. Admin. Code tit. 42, § XV-1119

Promulgated by the Louisiana Lottery Corporation LR 471882 (12/1/2021).

AUTHORITY NOTE: Promulgated in accordance with R.S. 47:9001 et seq.