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Can you summarize 27 LARS Chapter 4, Part VII?
THE LOUISIANA RIVERBOAT ECONOMIC DEVELOPMENT AND GAMING CONTROL ACT > APPLICATION AND LICENSING
Short Summary
This legal document governs the application and licensing process for obtaining a gaming license under THE LOUISIANA RIVERBOAT ECONOMIC DEVELOPMENT AND GAMING CONTROL ACT. It applies to persons desiring to obtain a gaming license. The document outlines the requirements for submitting an application, including the necessary information and forms provided by the board. The board will determine if the application is complete and meets the relevant requirements. The document also mentions the initial application fee of fifty thousand dollars, which is required to cover the costs associated with the background investigation conducted by the division. If the investigation costs less than fifty thousand dollars, the applicant will receive a refund of the remaining amount. However, if the cost exceeds the initial fee, the division will inform the applicant of the additional projected cost and require additional funds to complete the investigation. Additionally, the document mentions a separate initial application fee of five thousand dollars for a permit to conduct racehorse wagering on a riverboat. No exemptions or penalties are mentioned in this document. At the conclusion of the division’s investigation, a public hearing will be held to determine if the provisions of this Chapter have been met and if the issuance of a gaming license to the applicant is in the best interests of the state. Within ten days following the conclusion of the public hearing, the division will grant or deny the license. The term of any license to conduct gaming operations shall be five years. This provision also governs the renewal of licenses, where license holders may apply for renewal by submitting an application and paying the required fees. The board must act on the renewal application at least thirty days before the current license expires. Failure to pay the license fee on time will result in a penalty. Operating or offering any game, gaming device, or slot machine, or manufacturing, supplying, or distributing any gaming device, equipment, material, or machine used in gaming after the license has expired may result in imprisonment or a fine, in addition to the payment of all license fees and penalties that would have been due upon renewal.
Whom does it apply to?
Persons desiring to obtain a gaming license
What does it govern?
Application and licensing process for gaming operators in Louisiana under THE LOUISIANA RIVERBOAT ECONOMIC DEVELOPMENT AND GAMING CONTROL ACT
What are exemptions?
No specific exemptions are mentioned in this document
What are the Penalties?
No specific penalties are mentioned in this document
Jurisdiction
Louisiana