D. Evaluation.
1. The department shall review an application
for a facility operator's license to determine whether the applicant is
qualified to hold an operator's license.
2. An applicant for a facility operator's
license shall present in its application sufficient information, documentation,
and assurances to establish the following qualification criteria by clear and
convincing evidence:
a. Substantiation that
the applicant has made or will make prior to the issuance of an operation
license for a permanent casino facility or at the end of any period of
operation of casino gaming in an approved temporary facility, a capital
investment of at least $300 million, including the value of the real property
upon which the facility is located and all furnishings, fixtures, and other
improvements;
b. Substantiation
that the applicant possesses an equity interest of at least 20% in the
facility;
c. For an applicant that
is a Virginia Indian tribe, certification that the material terms of all
relevant development agreements between the Virginia Indian tribe and any
development partner have been determined in the opinion of the Office of
General Counsel of the National Indian Gaming Commission after review not to
deprive the Virginia Indian tribe of the sole proprietor interest in the
facility's gaming operations for the purposes of federal Indian gaming
law;
d. Existence of an adequate
plan for addressing responsible gaming issues, including the goals of the plan,
procedures, and deadlines for implementation of the plan;
e. Establishment of a policy requiring that
everyone who interacts directly with the public in the facility has completed a
course approved by the department in how to recognize and report suspected
human trafficking;
f.
Substantiation that the applicant's proposed permanent facility is or will be
appropriate for gaming operations consistent with the purposes of the casino
gaming law and this chapter;
g.
Certification from the city where the facility will be located that the
proposed project complies with all applicable land use ordinances pursuant to
Chapter 22 (§ 15.2-2200 et seq.) of Title 15.2 of the Code of
Virginia;
h. Substantiation that
any required local infrastructure or site improvements, including necessary
sewerage, water, drainage facilities, or traffic flow, are to be paid
exclusively by the applicant without state or local financial
assistance;
i. If the applicant is
an entity, demonstration that its securities are fully paid and, in the case of
stock, nonassessable and have been subscribed and will be paid for only in cash
or property to the exclusion of past services;
j. Uncontested and enforceable written
agreement that all principals meet the criteria of this chapter and have
submitted to the jurisdiction of the Virginia courts, and that all nonresident
principals have designated the director as their agent for receipt of
process;
k. If the applicant is an
entity, substantiation that it has the right to purchase at fair market value
the securities of, and require the resignation of, any person who is or becomes
disqualified under subsection E of this section;
l. Substantiation that the applicant meets
any other criteria established by the casino gaming law and this chapter for
the granting of an operator's license, including submission to the department
of adequate plans for operation of casino gaming and on-premises mobile casino
gaming as required by this chapter;
m. Substantiation that the applicant is
qualified to do business in Virginia or is subject to the jurisdiction of the
courts of the Commonwealth;
n.
Substantiation that the applicant or its principals have not previously been
denied a license pursuant to subsection E of this section;
o. Substantiation of the financial
responsibility of the applicant and the applicant's ability to fulfill the
requirements of the casino gaming law, this chapter, or any other law,
regulation, or condition of the department related to casino gaming, including
the applicant's financing plan for the casino gaming establishment;
and
p. Where "minority individual"
and "minority-owned business" mean the same as those terms are defined in
§ 2.2-1604 of the Code of Virginia, submission of:
(1) A minority investment plan disclosing any
equity interest owned by a minority individual or minority-owned business or
the applicant's efforts to seek equity investment from minority individuals or
minority-owned businesses, and
(2)
A plan for the participation of minority individuals or minority-owned
businesses in the applicant's purchase of goods and services related to the
casino gaming establishment.