Can you summarize AZRS 5-1210?
This legal document governs the offering of fantasy sports contests in the state of Arizona. It prohibits any person from offering a fantasy sports contest in the state unless they are licensed by the department. Making false statements on a license application or providing false testimony to the department is also prohibited. Violation of these provisions results in the department not issuing a license to the violator. The document establishes penalties for violations, with a first or second violation being classified as a class 3 misdemeanor, and a third or subsequent violation being classified as a class 1 misdemeanor.
Can you summarize AZRS 5-1211?
This legal document governs the operation of fantasy sports contests in Arizona. It applies to fantasy sports contest operators who are required to pay a fee for the privilege of operating such contests. The fee is based on the operator’s adjusted revenues and may not exceed ten percent. Operators must report and pay the fee on a monthly basis. The fees collected are deposited into the fantasy sports contest fund. Failure to remit the required fees may result in a penalty of five percent per month, up to a maximum of twenty-five percent.
Can you summarize AZRS 5-1302?
This legal document, found in the Arizona Revised Statutes, pertains to the Department of Gaming and its powers and duties regarding event wagering. The department is responsible for enforcing and supervising compliance with laws and rules related to event wagering in the state. It has the authority to adopt rules, evaluate applicants for licenses, conduct background checks, and monitor event wagering operations. The department is also tasked with overseeing event wagering facilities, establishing standards and procedures, and ensuring the proper use of player accounts and prevention of fraud.
Can you summarize AZRS 5-1303?
This legal document governs event wagering in the state of Arizona. It states that event wagering can only be conducted in accordance with the regulations outlined in this chapter. Any person offering activity in connection with event wagering in the state must obtain all necessary licenses in accordance with federal and state law and any applicable rules of the department. Wagers placed by participants in the state and received by event wagering operators or their management services providers are considered gambling or gaming conducted in the state.
Can you summarize AZRS 5-1305?
This legal document governs the licensing and regulation of event wagering operators and limited event wagering operators in Arizona. The document outlines the process for obtaining a license, including the submission of a completed application and the required fee. The department conducts background investigations to ensure the applicant’s qualifications and may deny the application based on certain criteria, such as prior convictions or providing false information. The department must issue a license within sixty days of receiving a complete application, unless disqualifying factors are found.
Can you summarize AZRS 5-1306?
This legal document governs the revocation, suspension, or denial of licenses for applicants and licensees in the context of event wagering. The document outlines various grounds for license revocation, suspension, or denial, including violations of provisions, requirements, conditions, or duties imposed by the relevant laws and rules, obtaining a license through fraud or misrepresentation, conviction or guilty plea to certain crimes, failure to disclose material facts, failure to prove qualification for licensure, and more.
Can you summarize AZRS 5-1308?
This legal document pertains to the issuance of a supplier license for persons involved in the manufacturing, distribution, sale, or lease of event wagering equipment, systems, or other gaming items. The Department has the authority to issue a supplier license to individuals who meet the licensure requirements. The Department may also accept a license issued by another jurisdiction with similar requirements as evidence of meeting the supplier licensure requirements. Additional requirements for suppliers and event wagering equipment may be established through rules adopted by the Department.
Can you summarize AZRS 5-1310?
A. The department shall establish and collect fees for applications, initial licenses and renewals of the following: 1. Event wagering operator licenses. 2. Limited event wagering operator licenses. 3. Management services provider licenses. 4. Supplier licenses. B. If actual costs incurred by the department to investigate the background of an applicant exceed the fees pursuant to subsection A of this section, those costs may be assessed to the applicant during the investigation process.
Can you summarize AZRS 5-1311?
This legal document governs the restrictions and prohibitions related to obtaining a license for event wagering in Arizona. It specifies the categories of individuals who are prohibited from applying for or obtaining a license, including employees of the department, employees of professional sports teams, coaches and players of collegiate, professional or Olympic sports teams, individuals convicted of certain crimes, individuals who can directly affect the outcome of a sports event, and any other category of individuals that may negatively affect the integrity of event wagering.
Can you summarize AZRS 5-1313?
This legal document, part of the Arizona Revised Statutes governing event wagering, outlines various requirements and regulations for licensees in the industry. The document covers several aspects, including the establishment of a bond in escrow and the amount of cash that must be kept on hand to ensure adequate reserves for payouts. It also specifies insurance requirements for licensees and sets minimum requirements for effective control over internal fiscal affairs, such as safeguarding assets, maintaining reliable records, and implementing risk management practices.