Current through Register Vol. 50, No. 3, March 20, 2024
A. The board may issue a temporary
certificate of authority to an applicant for a sports wagering license, a
sports wagering platform provider permit, or a sports wagering service provider
permit pursuant to the Act and these regulations, if all of the following
conditions are met:
1. the applicant has
filed a complete application and all required fees to the board;
2. the applicant has substantially
demonstrated to the satisfaction of the board that the applicant meets the
requirements of the Act, these regulations, the board's rules including
emergency rules, and the board's or division's orders;
3. for applicants for a sports wagering
license, the applicant must be issued a Louisiana gaming license that is in
good standing;
4. for applicants
for a sports wagering platform provider or sports wagering service provider
permit, the applicant must be issued a gaming license or permit for similar
activity in Louisiana or another state of the United States of America and that
license or permit must be in good standing; and
5. the applicant must agree in writing to the
following conditions of the temporary certificate of authority issued pursuant
to this Section:
a. the temporary certificate
of authority does not create a right or privilege;
b. the board may rescind the temporary
certificate of authority issued under this Section at any time, with or without
notice to the applicant/holder and without a hearing if any of the following
occur:
i. the board is informed that the
suitability of the applicant or anyone required to submit to suitability in
conjunction with the application may be at issue; or
ii. the applicant or anyone required to
submit to suitability in conjunction with the application fails to cooperate
with the investigation into the qualifications and suitability of the applicant
and its associated persons.
B. An applicant issued a temporary
certificate of authority shall comply with all federal and state laws, the Act,
these regulations, and its internal controls.
C. A temporary certificate of authority shall
expire six months after issuance, unless the board issues a ninety-day
extension of the certificate upon a showing of good cause. Only one extension
may be issued.
D. An applicant
desiring a ninety-day extension of the expiration of the temporary certificate
of authority shall submit a written request to the board setting forth the
factors, with supporting documentation, showing good cause for the extension.
Factors that may be considered include, but are not limited to:
1. the reason for any delay that was not the
fault of the applicant or its associated persons;
2. the investigation is almost concluded;
and
3. the applicant and division
have reason to believe the application will be considered within the extension
period.
E. The chairman
may act on behalf of the board for purposes of this Section and may issue all
ancillary approvals not inconsistent with the Act and these regulations that
are necessary to properly effectuate the operation of sports wagering under a
temporary certificate of approval.
AUTHORITY NOTE:
Promulgated in accordance with
R.S.
27:15 and 24.
