16-633-28 Me. Code R. § 4

Current through 2024-51, December 18, 2024
Section 633-28-4 - ADVANCE DEPOSIT WAGERING LICENSE APPLICATION
1. An applicant for an advance deposit wagering license must complete an application provided by the Board, which application shall include, at a minimum the following information:
A. Legal Name and Addresses - The legal name of the person(s) seeking the license, a full current address and addresses for the prior 15 years;
B. Corporation - If the person seeking a license is a corporation: the names and addresses of all directors and officers, the date of incorporation and the place of incorporation;
C. Partnership - If the person seeking a license is a partnership: the names and addresses of all partners. If a partner is a corporation, the date of incorporation, the place of incorporation and the names and addresses of all directors and officers;
D. Limited Liability Company - If the person seeking a license is a limited liability company, the names and addresses of all members. If a member is a corporation, the date of incorporation, the place of incorporation and the names and addresses of all directors and officers;
E. Race Tracks - The names of the race tracks the advance deposit wagering operator has contracts with or will have contracts with at the time the license is issued that allow the applicant to provide wagering on the product;
F. Financial Information - Financial information that demonstrates the financial resources to operate advance deposit wagering;
G. Purchase a bond to secure the advance deposit wagering accounts under 8 M.R.S. § 1073(4)(A);
H. Certificate of authority to transact business in the State of Maine, unless the requirement for authority is subject to a statutory exception;
I. A record of previous issuances and denials of or any adverse action taken against a gambling-related license or application under 8 M.R.S. Chapter 31 or in any other jurisdiction. For purposes of this paragraph, "adverse action" includes, but is not limited to, a condition resulting from an administrative, civil or criminal violation, a suspension or revocation of a license or a voluntary surrender of a license to avoid or resolve a civil, criminal or disciplinary action;
J. Disclosure by the applicant if it or any account wagering affiliate has accepted a wager from a resident of the State of Maine within the past three (3) calendar years;
K. Maine Tracks - A written, notarized statement from each track licensed under 8 M.R.S. §271 that has made races available for simulcast in the 12 months preceding the date of the license application confirming the applicant has an agreement in place to accept wagers on races originating from said track and made available for simulcast for the applicable term of the license; and
L. Any and all other information as the Board may require to determine the competence, honesty and suitability of the applicant as required by 8 M.R.S. §1016 and § 1019.

16-633 C.M.R. ch. 28, § 4