The following words and terms shall have the following
meanings when used in this chapter, unless the context clearly indicates
otherwise:
"Act" means Chapter 29 (§
59.1-364
et seq.) of Title 59.1 of the Code of Virginia.
"Applicant" means an individual who has submitted an
application to obtain a license to offer pari-mutuel wagering on historical
horse racing from the commission.
"Commission" means the Virginia Racing Commission.
"Historical horse racing" means a form of horse racing that
creates pari-mutuel pools from wagers placed on previously conducted horse
races and is hosted at (i) a racetrack owned or operated by a significant
infrastructure limited licensee or (ii) a satellite facility that is owned or
operated by (a) a significant infrastructure limited licensee or (b) the
nonprofit industry stakeholder organization recognized by the commission and
licensed to own or operate such satellite facility.
"Independent testing laboratory" means a laboratory with a
national reputation for honesty, independence, and timeliness that is
demonstrably competent and qualified to scientifically test and evaluate
devices for compliance with this chapter and to otherwise perform the functions
assigned to it by this chapter. An independent testing laboratory shall not be
owned or controlled by a licensee, the state, or any manufacturer, supplier, or
operator of historical horse racing terminals.
"Integrity auditor" means a company that conducts periodic
and regular tests on the validity of pari-mutuel wagering, deductions, and
payouts for the applicable historical horse racing event, including the
legitimacy of the event itself, and tests that the order of finish of the race
selected in the game is valid, match to the order of finish that occurred
empirically, and that all runners that were listed as entered into the race for
the purposes of the game, legitimately ran in the race.
"Licensee" means any person holding an owner's or operator's
license under Article 2 (§
59.1-375
et seq.) of Chapter 29 of the Code of Virginia who is granted a license by the
commission under this chapter to conduct pari-mutuel wagering on historical
horse racing.
"Satellite facility" means all areas of the property at which
simulcast horse racing is received for the purposes of pari-mutuel wagering and
any additional areas designated by the commission for conducting pari-mutuel
wagering on historical horse racing.
