(a) Every person acting as a simulcast operator within Wyoming shall procure a license from the Commission and no person shall act in the capacity of a simulcast operator without a valid license. Such license must be renewed and may be denied for any cause justifying suspension or revocation of license for violation of these rules. In order to obtain or renew a permit the applicant or holder: - (i) Submits a financial statement as required by the Commission.
- (ii) Posts with the Commission a surety bond in an amount specified by the Commission, but not less than $100,000 in such form as Wyoming Statutes require to ensure payment of distributable amounts of pari-mutuel pools pursuant to statute, operational costs, salaries, wages, benefits, and related financial obligations.
- (A) The surety bond shall be in effect for the duration of the permitted event and a minimum of three (3) months after the last permitted day of operation.
- (iii) Demonstrates experience and or adequate knowledge of the conduct of simulcast wagering and/or pari-mutuel wagering operations.
(b) No license as simulcast operator shall be granted to: - (i) Any nonprofit corporation or nonprofit organization entitled to an exemption from any tax imposed by this state.
- (ii) A person or entity who has failed, refused or neglected to comply with any rule, regulation, condition of license, or order of the Commission or its stewards reasonably related to its conduct as a simulcast operator, or who has engaged in any activity which is grounds for denial, suspension or revocation of license pursuant to the rules of the Commission or whose general partners, officers, directors, or employees have engaged in any unlawful activity determined to be conduct detrimental to the best interests of horse racing.
(c) There shall be no limitation as to the number of days a licensee may operate except as may otherwise be provided for within these rules or Wyoming Statutes.
038-10 Wyo. Code R. § 10-5