Current through Register Vol. 54, No. 49, December 7, 2024
Section 1001a.9 - Casino simulcasting agreements(a) An agreement between a licensed gaming entity and a licensed racing entity to facilitate casino simulcasting shall be filed with an application for a casino simulcasting permit and shall be approved by the Board and separately by the Commission. An agreement is not effective until approved by the Board and the Commission.(b) An agreement must include all of the following:(1) The percentage of the money wagered each racing day at the simulcasting facility and remaining in the wagering pools after the required distributions under 3 Pa.C.S. § 9335 (relating to pari-mutuel pool distribution) that will be paid to the licensed gaming entity. The amount retained by the licensed gaming entity may not exceed 25% of the money retained by the licensed racing entity under 3 Pa.C.S. § 9335.(2) The times during which a licensed gaming entity may conduct casino simulcasting.(3) A provision that provides the grounds and mechanisms for modifying or terminating the contract upon approval by the Board and the Commission.(4) Provisions that contain a mechanism to resolve patron disputes and disputes between the licensed gaming entity and the licensed racing entity.(5) Design, implementation and amendment of the system of internal controls required under section 13F11 of the act (relating to application for permit and requirements) and this chapter including the financial reporting requirements.(6) Hiring, terminating, training and promoting of employees and the employment practices attendant thereto.(7) The payment of local, State and Federal taxes, and slot machine license deposits required under the act and this chapter and any penalties imposed by the Board for violations thereof.(8) Obtaining and maintaining insurance coverage, including coverage of public liability and property loss or damage.(9) Selection of the casino simulcasting permit holder's independent auditor which may be the same as the independent auditor employed by the licensed gaming entity. This section cited in 58 Pa. Code § 1001a.11 (relating to hours of operation).