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Can you summarize MIAC R. 432.611 - R. 432.676 PART 2?
Internet Gaming > LICENSING: OPERATOR, SUPPLIER, OCCUPATIONAL; VENDOR REGISTRATION
Short Summary
These legal documents outline the notification requirements for internet gaming operators, internet gaming suppliers, and other persons with control over such entities in Michigan. The documents mandate that these individuals or companies must notify the Michigan Gaming Control Board as soon as they become aware of certain events, such as changes in key persons or transactions related to development and operations that may result in new financial backers or investors. The documents also specify reporting requirements for publicly traded corporations. Additionally, the documents govern the transfer of ownership interest in internet gaming operator or supplier licenses, requiring individuals or companies to report any formation, dissolution, or transfer of interest. The documents also outline the requirements for vendor registration in connection with internet gaming operations, specifying the types of vendors that require registration and the application process. Furthermore, the documents address occupational licensing requirements for individuals whose duties directly impact the integrity of internet gaming. The documents also cover fees, fines, taxes, payments, and assessments related to internet gaming, specifying acceptable payment methods and outlining the fees for different license classifications. The documents emphasize the board’s authority to conduct background investigations, evaluate eligibility and suitability, and issue licenses based on the standards and criteria provided. Overall, these documents provide the regulatory framework for internet gaming operations in Michigan, ensuring compliance and protecting the integrity of the industry.
Whom does it apply to?
Internet gaming operators, internet gaming suppliers, and other persons with control over such entities
What does it govern?
Notification requirements for internet gaming operators, internet gaming suppliers, and other persons with control over such entities
What are exemptions?
Publicly traded corporations are considered compliant if they have fulfilled the reporting requirements specified in R 432.621d
What are the Penalties?
No specific penalties are mentioned in these documents
Jurisdiction
Michigan