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Can you summarize 11 ILAC Subtitle D, Chapter I, Part 1800, Subpart 1800?
VIDEO GAMING (GENERAL) > LICENSING PROCEDURES
Short Summary
The provided legal document content pertains to the licensing procedures for video gaming in Illinois. It outlines the requirements and procedures for obtaining and renewing video gaming licenses. Applicants must submit their applications on forms provided by the Illinois Gaming Board and may be required to submit additional forms or materials as instructed. The document introduces the concept of an institutional investor, which can submit a Video Gaming Institutional Investor Disclosure Form under certain conditions. The document specifies that the institutional investor must hold or control the securities for investment purposes only and not exercise influence or control over the issuer. Application procedures are covered, including the acceptance of risk and the potential denial of applications due to misrepresentation or omission. Certain individuals must be photographed and fingerprinted, and the document outlines the requirements for a completed application. Amendments to applications are allowed with approval from the Administrator, and previously submitted information can be incorporated into subsequent applications. The document also addresses the renewal of video gaming licenses, stating that licenses can be renewed upon receipt of the annual fee and any renewal forms provided by the Board. The licensee must continue to meet all qualifications for licensure. The document also covers the death and change of ownership of video gaming licensees, stating that licenses are not transferable and cease to exist upon the death of a licensee. However, executors or administrators of the estate or the trustee of an insolvent or bankrupt licensee may obtain court approval and the Administrator’s approval to continue the video gaming location operation for a limited period. The document also outlines the procedures for a change of ownership of a licensed video gaming location. Additionally, the document addresses the licensing procedures for terminal handlers, technicians, sales agents, and brokers in the video gaming industry. Temporary identification badges may be issued to applicants, and holders of these badges have the same duties and obligations as holders of regular licenses. The Administrator has the discretion to grant or rescind temporary identification badges based on various factors. It is important to note that the rescission of a temporary identification badge does not constitute a final ruling on the merits of an application.
Whom does it apply to?
Applicants for video gaming licenses in Illinois, institutional investors, Illinois Gaming Board
What does it govern?
Licensing procedures for video gaming in Illinois
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Illinois