58 Pa. Code § 1001a.9 - Casino simulcasting agreements
(a) An agreement between a licensed gaming
entity and a licensed racing entity to facilitate casino simulcasting shall be
filed with an application for a casino simulcasting permit and shall be
approved by the Board and separately by the Commission. An agreement is not
effective until approved by the Board and the Commission.
(b) An agreement must include all of the
following:
(1) The percentage of the money
wagered each racing day at the simulcasting facility and remaining in the
wagering pools after the required distributions under
3
Pa.C.S. §
9335 (relating to pari-mutuel
pool distribution) that will be paid to the licensed gaming entity. The amount
retained by the licensed gaming entity may not exceed 25% of the money retained
by the licensed racing entity under
3
Pa.C.S. §
9335.
(2) The times during which a licensed gaming
entity may conduct casino simulcasting.
(3) A provision that provides the grounds and
mechanisms for modifying or terminating the contract upon approval by the Board
and the Commission.
(4) Provisions
that contain a mechanism to resolve patron disputes and disputes between the
licensed gaming entity and the licensed racing entity.
(5) Design, implementation and amendment of
the system of internal controls required under section 13F11 of the act
(relating to application for permit and requirements) and this chapter
including the financial reporting requirements.
(6) Hiring, terminating, training and
promoting of employees and the employment practices attendant
thereto.
(7) The payment of local,
State and Federal taxes, and slot machine license deposits required under the
act and this chapter and any penalties imposed by the Board for violations
thereof.
(8) Obtaining and
maintaining insurance coverage, including coverage of public liability and
property loss or damage.
(9)
Selection of the casino simulcasting permit holder's independent auditor which
may be the same as the independent auditor employed by the licensed gaming
entity.
Notes
This section cited in 58 Pa. Code § 1001a.11 (relating to hours of operation).
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.