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Can you summarize 8 MERS Section 1208?
REGULATION OF SPORTS WAGERING > Supplier license
Short Summary
This legal document pertains to the issuance of a supplier license for sports wagering in the State of Maine. The director is responsible for granting the license to applicants who meet the requirements outlined in this document, as well as sections 1204 and 1205 and rules adopted under this chapter. The applicant must demonstrate that their equipment, systems, or services conform to the standards established by the director. The supplier license grants lawful authority to sell or lease sports wagering equipment, systems, or services to operators in the State, subject to the terms and conditions of the license and any rules adopted under this chapter. The initial or renewed supplier license fee is $40,000, which covers the costs of administering this chapter. The license is valid for 4 years, unless revoked by the director or the commissioner. Applicants may also request a temporary license, which is valid for one year or until a final determination on the supplier license application is made. A supplier licensee must submit a list of all sports wagering equipment, systems, and services sold or leased to operators in the State, which must be tested and approved by an independent testing laboratory approved by the director. Operators may continue to use supplies acquired from a licensed supplier even if the supplier’s license expires or is revoked, unless a defect is found by the director.
Whom does it apply to?
Applicants for a supplier license, operators in the State
What does it govern?
Supplier license
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
Maine