Maryland Code, STATE GOVERNMENT 9-1A-05
Terms Used In Maryland Code, STATE GOVERNMENT 9-1A-05
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- County: means a county of the State or Baltimore City. See
- including: means includes or including by way of illustration and not by way of limitation. See
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(1) award more than six video lottery operation licenses;
(2) award more than 16,500 video lottery terminals for operation at video lottery facilities in the State;
(3) subject to the requirements of § 9-1A-36(h) and (i) of this subtitle, award more than 4,750 terminals for operation at any video lottery facility; and
(4) for a location in Allegany County:
(i) award a video lottery operation license to an applicant that does not agree to purchase the Rocky Gap Lodge and Resort; and
(ii) notwithstanding § 9-1A-36(i)(2) of this subtitle, award more than 1,500 video lottery terminals for operation at a video lottery facility in Allegany County.
(b) An owner or operator of a video lottery destination location described under § 9-1A-01 of this subtitle may submit an application for a video lottery operation license.
(c) A video lottery operation license issued under this subtitle is not valid at a geographic location other than the geographic location authorized in the license awarded by the Video Lottery Facility Location Commission and issued by the State Lottery and Gaming Control Commission.
(d) (1) In this subsection, “owner” includes any type of owner or beneficiary of a business entity, including an officer, director, principal employee, partner, investor, stockholder, or beneficial owner of the business entity and, notwithstanding any other provisions of this subtitle, including a person having any ownership interest regardless of the percentage of ownership interest.
(2) An individual or business entity may not own an interest in more than one video lottery facility.
(3) A member of the Senate of Maryland or the House of Delegates may not be an owner or an employee of any business entity that holds a video lottery operation license.
(4) Notwithstanding paragraphs (1) and (2) of this subsection:
(i) an individual or business entity may enter into a management agreement to operate a facility located in Allegany County that it does not own, subject to the approval of the Video Lottery Facility Location Commission and the State Lottery and Gaming Control Commission; and
(ii) a holder of a video lottery operation license may apply to the Video Lottery Facility Location Commission for an additional license provided that the application required under § 9-1A-36 of this subtitle includes a plan for divesting from the video lottery operation license held on the date of the application.