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Can you summarize 205 CMR 115?
Massachusetts Gaming Commission (formerly State Racing Commission) > Phase 1 and new qualifier suitability determination, standards, and procedures
Short Summary
This legal document pertains to the Phase 1 and new qualifier suitability determination, standards, and procedures governed by the Massachusetts Gaming Commission. It outlines the standards that must be met by Category 1 and Category 2 applicants, including compliance with specific regulations, demonstration of financial stability, and suitability determination of all qualifiers. The burden of proof lies with the applicants to establish their qualifications by clear and convincing evidence. The document also addresses the requirements for new qualifiers designated after a positive determination of suitability has been issued. Additionally, it establishes the continuing duty of gaming licensees and qualifiers to maintain suitability and notify the commission of various events, such as government agency actions, criminal convictions, legal proceedings, and significant financial events. The document does not specify penalties for non-compliance or violations.
Whom does it apply to?
Category 1 and Category 2 applicants, gaming licensees, qualifiers
What does it govern?
Phase 1 and new qualifier suitability determination, standards, and procedures
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Massachusetts