Oklahoma Administrative Code
Title 325 - OKLAHOMA HORSE RACING COMMISSION
Chapter 80 - Gaming Licensing Requirements
Subchapter 7 - Requirements for Racetrack Gaming Operator License and Recipient Racetrack Gaming License
Section 325:80-7-3 - Operations Plan requirement

Universal Citation: OK Admin Code 325:80-7-3

Current through Vol. 42, No. 1, September 16, 2024

(a) The applicant for a Racetrack Gaming Operator License must submit with the application a proposed operations plan for the conduct of gaming. The plan must include the following:

(1) a drawing or drawings to scale of the building(s) in which the applicant proposes to conduct gaming, with the area(s) designated as the proposed Gaming Facility clearly outlined;

(2) a general description of the type and number of Gaming Machines proposed for operation;

(3) generic description of the games to be played on the machines and the proposed placement of the machines in the Gaming Facility;

(4) proposed administrative, accounting, and internal control procedures, including monetary control operations;

(5) proposed security plan;

(6) proposed staffing plan for gaming operations, including identification of Key Executives and employees;

(7) license applications for Key Executives;

(8) method to be used for prize payouts;

(9) details of any proposed progressive systems; and

(10) any other information requested by the Commission.

(b) The operations plan must provide for an escrow account or accounts to be established and maintained in accordance with Commission requirements for the purpose of holding in reserve large or progressive prizes to be won by participants and generated by the Gaming Facility. In the alternative, the Operator could secure the payment of such prizes through other funding mechanisms such as an irrevocable surety bond, irrevocable trust with an independent financial institution, other trust mechanism, or letters of credit. The use of such alternative methods of prize payment must in every instance be preapproved by the Commission. Any purse monies generated by the Gaming Facility must be maintained in a separate escrow account.

(c) An applicant for a Racetrack Gaming Operator License is responsible for ensuring that Key Executive applications are filed in accordance with the Act and these Rules. The Commission may delay approval of or deny an application for a Racetrack Gaming Operator License on the grounds that a Key Executive application has not been submitted as required.

(d) A Racetrack Gaming Operator License will not be granted unless the Commission first determines that the operations plan submitted is suitable for the type of operation proposed and otherwise complies with the requirements of the Act and these Rules.

Added at 23 Ok Reg 1150, eff 4-6-05 (emergency); Added at 23 Ok Reg 2079, eff 5-11-06 (emergency); Added at 23 Ok Reg 2602, eff 6-25-06

Disclaimer: These regulations may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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