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Can you summarize GACO 50-27-87?
General Provisions > Master licenses; requirements and restrictions for licensees.
Short Summary
This legal document governs the requirements and restrictions for licensees of bona fide coin operated amusement machines in Georgia. It applies to persons who own, maintain, place, or lease such machines, as well as manufacturers, distributors, location owners, and location operators. The document states that a valid master license is required to own, maintain, place, or lease a bona fide coin operated amusement machine, except for manufacturers or distributors selling to operators, master licensees, manufacturers, or distributors. Master licensees can only place or lease machines in licensed locations. To be eligible as a master licensee, the person must not have had a gambling license in any state for at least five years prior. There are restrictions on interests in other entities and associations for license applicants. Failure to comply with the provisions may result in fines, license suspension, and loss of other licenses held by the master licensee.
Whom does it apply to?
Persons who own, maintain, place, or lease bona fide coin operated amusement machines, manufacturers, distributors, location owners, and location operators
What does it govern?
Requirements and restrictions for licensees of bona fide coin operated amusement machines
What are exemptions?
Persons who have continuously possessed a master license for ten or more years and have continuously owned or operated a location with a bona fide coin operated machine before December 31, 2013, are exempt from certain restrictions until June 30, 2015.
What are the Penalties?
Failure to adhere to the provisions of the subsection may result in a fine of up to $50,000.00 and loss of the license for a period of one to five years per incident. The master licensee may also lose any other state or local license held.
Jurisdiction
Georgia