Can you summarize WVCO 29-22E-9?
This legal document, part of the West Virginia Code, specifically the West Virginia Lottery Interactive Wagering Act, governs the requirement for occupational licenses in the context of interactive wagering. It mandates that all individuals employed in interactive wagering-related activities or involved in the operation of interactive wagering must obtain and maintain a valid occupational license issued by the commission. The license allows the licensee to be employed in the designated capacity determined by the commission.
Can you summarize WVCO 29-25-10?
This legal document pertains to the operation of a gaming facility in West Virginia. Gaming licensees are required to file an annual balance sheet and profit and loss statement with the commission. They must also file an annual statement identifying controlling persons, stockholders, partners, officers, and directors. However, for publicly-traded corporations, the annual report only needs to identify executive officers directly involved in the operation of the gaming facility. Additionally, gaming licensees must maintain daily records of the total number of patrons and the gross receipts and adjusted gross receipts.
Can you summarize WVCO 29-25-11?
This legal document governs the issuance of licenses to individuals or entities who wish to supply a gaming facility with gaming devices, gaming supplies, or services. To qualify for a license, applicants must meet certain requirements, including demonstrating good moral character, reputation, necessary experience, and financial ability. The applicant must also show that the gaming devices, equipment, and supplies they plan to sell or lease conform to the standards established by the commission and applicable state law.
Can you summarize WVCO 29-25-12?
This legal document pertains to the issuance of licenses for individuals to be employed in the operation of a gaming facility in West Virginia. To qualify for a license, the applicant must be of good moral character and reputation and have been offered employment by the gaming facility contingent upon licensure. The applicant is required to submit an application to the commission, including adequate information for a thorough background check, and provide fingerprints for a national criminal records check.
Can you summarize WVCO 29-25-13?
This legal document pertains to false statements on applications and other license or registration requirements and prohibitions in relation to authorized gaming facilities in West Virginia. It applies to any person applying for a license or registration under this article. Making a false statement on an application is considered a misdemeanor offense, punishable by a fine of up to $1,000 and jail confinement of up to six months for natural persons, or a fine of up to $25,000 for persons other than natural persons.
Can you summarize WVCO 29-25-15?
This section of the West Virginia Code governs the expiration date and renewal of gaming licenses for authorized gaming facilities. A license is valid for five years from its effective date, but it can be renewed for additional five-year terms. The commission is responsible for sending a renewal application form and notice to the licensee at least two months before the license expires. The licensee can renew the license if they meet certain requirements, including payment of the renewal fee, submission of a renewal application, and evidence of compliance with additional requirements set by the commission.
Can you summarize WVCO 29-25-16?
(a) The commission may deny a license to any applicant, reprimand any licensee, or suspend or revoke a license if the applicant or licensee, or any controlling person of the applicant or license: (1) Fraudulently or deceptively obtains or attempts to obtain a license for the applicant or licensee or for another; (2) Fraudulently or deceptively uses a license; (3) Is convicted of a felony under the laws of this state, another state, a territory of the United States or the United States; (4) Is convicted of a misdemeanor under the laws of this state, another state, the United States or a territory of the United States for gambling or a gambling-related activity; or (5) Is not complying with this act, the rules or the minimum internal control standards promulgated by the commission or the gaming facility.
Can you summarize WVCO 29-25-21?
This legal document pertains to the imposition and rate of limited gaming profits tax on licensed gaming facilities in West Virginia. The tax is levied at a rate of thirty-five percent on the adjusted gross receipts of the gaming facility. Thirty percent of the tax is deposited into the Historic Resort Hotel Fund, while the remaining five percent is deposited into the Human Resource Benefit Fund. The licensee is required to use the accrual method of accounting for calculating the tax.
Can you summarize WVCO 29-25-25?
This legal document governs the offenses and penalties related to the unlawful operation of a West Virginia Lottery table game. It applies to gaming licensees who operate or place video lottery games or terminals in unauthorized locations, permit underage individuals to enter gaming areas or play lottery games, exchange tokens or chips for anything of value other than money or credits, operate games without authority, tamper with or deceive the public with gaming devices, or employ individuals without the required license.
Can you summarize WVCO 29-25-38?
All shipments of gambling devices, including video lottery machines, to the licensed gaming facility in this state, the registering, recording and labeling of which have been completed by the manufacturer or dealer thereof in accordance with Chapter 1194, 64 Stat. 1134, 15 U.S.C. 1171 to 1178, are legal shipments of gambling devices into the State of West Virginia.