Ask Reggi Your Question Now
Can you summarize LAAC Title 42, Part XV, Chapter 11, Section 1119?
Rules; Operations > Operator Permit
Short Summary
This legal document pertains to the operator permit for sports wagering in Louisiana. It outlines the requirements and standards that applicants must meet to obtain and maintain an operator permit. The suitability standards provided in the Act and these rules, including R.S. 47:9094, must be met. Additionally, applicants must demonstrate the ability to satisfy the technical and operational standards and requirements set by the corporation. The operator must also contract with multiple distributors and operator vendors to promote economic development. The applicant must be domiciled in Louisiana or a domestic business entity in good standing, or a foreign corporation with a certificate of authority to transact business in Louisiana. Financial statements indicating sports wagering revenues or gaming revenues for the previous three years must be provided. Suitability is an ongoing process, and permittees or individuals required to submit to suitability have a duty to inform the corporation of any potential violations or material changes. The corporation may consider various criteria when deciding to issue a permit or finding of suitability, including proper financing, adequate security measures, the character and reputation of the applicant or permittee, and other relevant factors. This document is governed by the Louisiana Administrative Code and was last amended in January 2023.
Whom does it apply to?
Applicants for an operator permit for sports wagering in Louisiana
What does it govern?
Operator permit for sports wagering in Louisiana
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Louisiana