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Can you summarize 11 ILAC Chapter I, Part 1900, Subpart 1900?
SPORTS WAGERING > LICENSING QUALIFICATIONS
Short Summary
This legal document governs the identification and requirements of key persons in the context of sports wagering licensing in Illinois. It applies to applicants and licensees in various categories, including master sports wagering license holders, management service provider license holders, supplier license holders, and tier 2 official league data provider license holders. Key persons are defined as individuals with an ownership interest or voting rights of 5% or more in the licensee or applicant, trustees and beneficiaries of any trust holding such ownership interest or voting rights, directors of the licensee or applicant, Chief Executive Officer, Chief Operating Officer, Chief Financial Officer (or their functional equivalents), managers of a limited liability company, and other persons determined by the Board to hold a position or level of ownership, control, or influence material to the regulatory concerns and obligations of the Board. Individuals required to hold a level 1 occupational license may also be certified as key persons. Key persons are required to disclose their identity, file disclosure forms and affidavits, comply with applicable provisions, cooperate with Board investigations, maintain suitability, and be subject to fines or other discipline for violations. Additionally, individuals identified as key persons of master sports wagering or management services provider licensees must submit an individual key person personal disclosure form before acting in that role. This document outlines the minimum qualifications for obtaining various licenses related to sports wagering in Illinois. It states that applicants for a master sports wagering license, supplier license, management service provider license, or tier 2 official league data supplier license are ineligible if they have been convicted of a felony, violated Article 28 of the Criminal Code, or submitted false information in their application. Online sports wagering operators applying for a master sports wagering license are additionally ineligible if they have been convicted of a crime involving dishonesty or moral turpitude. Furthermore, individuals applying for an occupational license must be employees of a master sports wagering or management services provider licensee and must meet the requirements outlined in Section 9 of the Illinois Gaming Act. This legal document, part of the Illinois Administrative Code, pertains to the licensing qualifications for sports wagering in the state of Illinois. The burden is on each applicant to demonstrate suitability for licensure. The Illinois Racing Board is responsible for granting licenses and will not grant a license to any applicant who poses a threat to public interests, public health, safety, morals, good order, general welfare, or the integrity of sports wagering. The Board may also deny a license if the applicant associates with individuals of notorious or unsavory reputation, has a criminal record, engages in unsuitable, unfair, or illegal practices, or presents questionable business practices and financial arrangements. Additionally, the Board may deny a license to an applicant who has had a sports wagering or gaming-related license revoked, suspended, or denied in Illinois or any other jurisdiction, or is affiliated with such a person. The document does not specify any penalties for non-compliance or violation of its provisions. This Subpart shall govern qualifications for all types of licenses issued by the Board pursuant to the Act.
Whom does it apply to?
Applicants and licensees in various categories, including master sports wagering license holders, management service provider license holders, supplier license holders, and tier 2 official league data provider license holders
What does it govern?
Identification and requirements of key persons in the context of sports wagering licensing in Illinois
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Illinois