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Can you summarize 1 COCR 207-2 RULE 3?
SPORTS BETTING REGULATIONS > APPLICATIONS, INVESTIGATIONS AND LICENSURE Effective 4/14/20
Short Summary
This document, part of the Code of Colorado Regulations, specifically the Department of Revenue’s Division of Gaming - Rules promulgated by Gaming Commission, pertains to applications, investigations, and licensure for sports betting operators. It outlines the license classifications for sports betting in Colorado, including vendor major license, vendor minor license, key employee license, and support license. The document specifies the qualifications for licensure, such as age requirement, suitable character, suitable premises, and compliance with specific laws and regulations. It also provides information on the application process, required documents, renewal applications, and fees. The document further discusses the costs of investigations, including hourly rates for investigators and background check fees. It mentions the possibility of waivers for certain requirements and the consequences of deliberate misstatements or omissions in the application. The document also addresses the issuance of temporary licenses and the conversion of temporary licenses into permanent licenses. It emphasizes the need for compliance with fire safety, health, and building codes in the establishment and operation of designated gaming areas for sports betting within casinos. Overall, the document establishes guidelines and procedures for the application, investigation, and licensure of sports betting operators in Colorado.
Whom does it apply to?
Applicants for sports betting licenses, licensees, and individuals or entities involved in transactions with sports betting operators
What does it govern?
Applications, investigations, and licensure for sports betting operators
What are exemptions?
No specific exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Colorado