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Can you summarize 205 CMR 215?
Massachusetts Gaming Commission (formerly State Racing Commission) > Applicant and qualifier suitability determination, standards, and procedures
Short Summary
This legal document outlines the suitability standards and procedures for applicants and qualifiers seeking a Sports Wagering License in Massachusetts. It establishes that applicants and qualifiers have the duty to establish their suitability by clear and convincing evidence. The document describes the investigation process conducted by the Bureau to determine the qualifications and suitability of the applicant or qualifier. The Commission then makes a finding of suitability after an adjudicatory proceeding. If an applicant or qualifier fails to meet the burden of demonstrating suitability, a negative determination is issued. If suitability is demonstrated, a positive determination is issued, which may include conditions and restrictions. The document also allows for a preliminary finding of suitability based on certification and an investigatory report. The Commission evaluates various factors, such as integrity, financial stability, compliance history, litigation involvement, eligibility, criminal history, associations with disreputable individuals, and cooperation with the Bureau. Unsuitability may be determined if false statements are made, licenses have been revoked, certain crimes have been committed, financial responsibility is lacking, or affiliations pose a threat. Additionally, the document governs the qualification requirements for persons involved in the review of Sports Wagering License applications. It specifies the individuals who are required to qualify, including officers, directors, significant stakeholders, and persons with significant responsibility or influence over the applicant’s business. The Commission may also require other persons associated with the applicant to undergo a qualification review. The document outlines the process for obtaining waivers from the qualification requirement, including for institutional investors and persons who cannot exercise control or provide direction to the applicant. It also addresses the qualification of new qualifiers and the internal review process for determinations made by the Bureau.
Whom does it apply to?
Applicants and qualifiers seeking a Sports Wagering License in Massachusetts
What does it govern?
Suitability standards and procedures for applicants and qualifiers seeking a Sports Wagering License in Massachusetts
What are exemptions?
No specific exemptions are mentioned in this document.
What are the Penalties?
No specific penalties are mentioned in this document.
Jurisdiction
Massachusetts