Can you summarize WVCO 29-22D-11?
(a) Each operator shall adopt comprehensive house rules for game play governing sports wagering transactions with its patrons.These comprehensive rules will be published as part of the minimum internal control standards. The rules shall specify the amounts to be paid on winning wagers and the effect of schedule changes.House rules shall be approved by the commission prior to implementation. (b) The house rules, together with any other information the commission deems appropriate, shall be conspicuously displayed and included in the terms and conditions of the sports wagering system.
Can you summarize WVCO 29-22D-5?
This legal document pertains to the licenses required for West Virginia Lottery sports wagering. The document states that the commission cannot grant a license until a notice has been published in the State Register. It also specifies that no person can engage in any activity related to sports wagering in West Virginia without obtaining the necessary licenses. The document further outlines four types of licenses that are issued: Operator, supplier, management services provider, and occupational.
Can you summarize WVCO 29-22D-7?
This legal document pertains to the license requirements for management services providers in the context of West Virginia Lottery sports wagering. According to the document, the holder of a license to operate West Virginia Lottery sports wagering may contract with an entity to conduct the operation, provided that the entity obtains a license as a management services provider. The license for management services providers is issued by the commission and requires meeting certain qualifications and paying a nonrefundable license and application fee.
Can you summarize WVCO 29-22D-8?
This legal document pertains to the supplier license requirements for selling or leasing sports wagering equipment, systems, or other gaming items necessary to conduct sports wagering, and offering related services. The document applies to persons seeking to sell or lease such equipment, systems, or items to a West Virginia Lottery sports wagering licensee. The commission may issue a supplier license, subject to certain conditions and requirements. The applicant must demonstrate that their equipment, system, or services conform to standards established by the commission and applicable state law.
Can you summarize WVCO 29-22D-9?
This legal document, part of the West Virginia Code, pertains to the requirement of occupational licenses for individuals involved in sports wagering-related activities or the operation of sports wagering. The document states that all such persons must be licensed by the commission and maintain a valid occupational license at all times. The commission is responsible for issuing these licenses to individuals who meet the requirements outlined in this section. The document also mentions that an occupational license allows the licensee to be employed in the designated capacity as determined by the commission.
Can you summarize WVCO 29-22E-10?
This provision outlines the license prohibitions under the West Virginia Lottery Interactive Wagering Act. The commission is prohibited from granting a license if the applicant has knowingly made a false statement, has been suspended or had a license revoked by a gaming regulatory authority, has been convicted of a gambling-related offense or theft/fraud offense, or has been employed by an illegal or offshore book that serviced the United States. The commission may also deny a license if the applicant or licensee does not demonstrate financial responsibility, is not the true owner of the business or fails to disclose other owners, or if a corporation sells a significant portion of a licensee’s voting stock or assets to an unqualified person.
Can you summarize WVCO 29-22E-11?
(a) Each operator shall adopt comprehensive house rules for game play governing interactive wagering transactions with its patrons. These comprehensive rules will be published as part of the minimum internal control standards. The rules shall specify the amounts to be paid on winning wagers and the effect of schedule changes. House rules shall be approved by the commission prior to implementation. (b) The house rules, together with any other information the commission deems appropriate, shall be conspicuously displayed and included in the terms and conditions of the interactive wagering system.
Can you summarize WVCO 29-22E-24?
All shipments of gambling devices including any interactive wagering devices or related materials to licensed gaming facilities in this state are legal shipments of gambling devices into the State of West Virginia, as long as the registering, recording, and labeling of which have been completed by the supplier thereof in accordance with Chapter 1194, 64 Stat. 1134, 15 U.S.C. 1171 to 1178.
Can you summarize WVCO 29-22E-5?
This legal document, known as the West Virginia Lottery Interactive Wagering Act, governs the activities related to West Virginia Lottery interactive wagering in the state. It states that no person can engage in any activity related to West Virginia Lottery interactive wagering unless they have obtained all necessary licenses as per the rules of the commission. The document defines the individuals considered to have control of an applicant and outlines the qualifications for licensure.
Can you summarize WVCO 29-22E-8?
This legal document pertains to the supplier license requirements for interactive wagering in West Virginia. The West Virginia Lottery Commission has the authority to issue supplier licenses to individuals or entities that wish to sell or lease interactive wagering equipment, systems, or other gaming items necessary for conducting interactive wagering. The commission may also establish provisional licenses and adopt additional requirements for suppliers and the wagering equipment or systems used. Applicants for a supplier license must demonstrate that their equipment, system, or services conform to the standards set by the commission and applicable state law.