Ask Reggi Your Question Now
Can you summarize 8 MERS Section 1209?
REGULATION OF SPORTS WAGERING > Management services license
Short Summary
This legal document pertains to the issuance and regulation of management services licenses for sports wagering in accordance with the Maine Revised Statutes. The director is responsible for issuing a management services license to applicants who meet the requirements outlined in this document and have sufficient knowledge and experience in operating sports wagering. A management services licensee is authorized to enter into a contract with an operator to manage sports wagering operations. The written contract must be approved by the director, and any proposed material changes to the contract must also be submitted for approval. The document specifies the fees associated with obtaining or renewing a management services license, including an initial fee of $40,000 and potential processing fees. The term of a license is generally 4 years, but a temporary license may be issued under certain circumstances. The document does not mention specific penalties for non-compliance or violations. Overall, this document establishes the requirements and procedures for obtaining and maintaining a management services license for sports wagering in Maine.
Whom does it apply to?
Applicants for a management services license and management services licensees
What does it govern?
Management services license for sports wagering
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
Maine