N.Y. Comp. Codes R. & Regs. tit. 9 § 5329.3

Current through Register Vol. 46, No. 45, November 2, 2024

Section 5329.3 - Term of license and review

(a)Term.

A sports pool license shall remain valid for the period of the casino's gaming facility license, unless a condition of such sports pool license pursuant to section 5329.2(f)(2) of this Part establishes a shorter sports pool license period.

(b)Review.

No later than three months before each five-year anniversary of the issuance of a sports pool license, unless a condition of such sports pool license pursuant to section 5329.2(f)(2) of this Part establishes a shorter time period, an operator shall submit to the commission the following information to enable the executive director of the commission to determine, pursuant to Racing, Pari-Mutuel Wagering and Breeding Law section 1367(3)(a), that such operator continues to meet the requirements of article 13 of the Racing Pari-Mutuel Wagering and Breeding Law and this Part:

(1) a list of each jurisdiction in which such operator or a sports pool vendor with which such operator has contracted, has been authorized within the prior five years to operate or assist in the operation of sports pools, including dates of authorized operation;

(2) all regulatory infractions, discipline or other sanctions that have been imposed on such operator or a sports pool vendor with which such operator has contracted, within the prior five years relating to gaming activity, including sports pools. The submission shall include a detailed description of the conduct involved and the nature of the sanction or discipline;

(3) whether the operator or sports pool vendor has operated sports pools in any jurisdiction within the prior five years in an unauthorized manner or been accused or adjudicated to have engaged in illegal gambling or wagering of any kind, including a detailed description of the conduct involved and the nature of the sanction or discipline;

(4) whether the operator or sports pool vendor has committed any misconduct or engaged in any improper associations within the meaning of section 5329.7 of this Part; and

(5) the annual financial statements audited according to generally accepted accounting principles, of the sports pool vendor, if any, for the prior three years.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 5329.3

Adopted New York State Register June 26, 2019/Volume XLI, Issue 26, eff. 6/26/2019