The amount of floor space for your slot machines compared to the amount of floor space for your primary business The investment in the slot machines compared to the investment in your primary business The time you spend managing the slot machines compared to the time spent managing your primary business.
If your business sells alcohol by the drink, you will have to meet other requirements related to the size of your business and your kitchen operation. If your business is located near a school, church, playground, or has a lot of minors as patrons, it may be unsuitable.
Form 1: A two page document that details your identify and the type of license you need. You will enter your name, mailing address, and the gaming devices you plan to offer. Form 2: All the names of your partners, directors, shareholders, and bonus and profit sharing information. 12 page personal history questionnaire: This form requires 3 character references, your name, age, citizenship, previous residences, family information, arrests, litigations, detentions, military record, and a 25 year employment history. Form 20: Your financial status including the revenue you will invest, the source of revenue, and if you will play an active role in managing the gaming activities. Form 15: Information about the location of your primary business, the maximum number of patrons you can have, your business hours, if any of your customers will be minors, the original floor plan, 3 pictures of your business, and a copy of the lease or deed. Form 27: Determines if the slot machines are secondary to your primary business Forms 10, 17, 18, 28, and 28A give the Board permission to conduct a criminal background check and access your financial information.
You may receive a refund at the end of the process.
Show up to your hearing on time, but be prepared to wait for a few hours. It typically takes 6 to 8 months to go from filing your application to having your hearing. This time frame may vary depending on the complexity of your application and the workload of the Board and Commission. After your hearing, your application may be accepted, denied, approved with conditions, or referred back to the Board.
Some officers and directors of public companies (e. g. president, secretary, chief financial officer, chief executive officer) will need a license.
A gaming attorney will also make the process quicker. A quicker process will save you money on investigative fees.
Third party request for banks and employers to release information Fingerprint cards A form that releases the regulators from any liability from the investigation A personal history disclosure form A $500 check
This interview is an opportunity to discuss any matters that you failed to disclose in your application. Be honest and do not provide false information. This can come back and hurt you if the investigation uncovers different information. This interview takes about 2 or 3 hours.
Your birth certificate Your passport Your last will and testament Any federal, state, county, or city licenses that you hold Your current employment and/or stock option agreements Copies of any litigation or arbitration that you are involved in and an explanation of the events leading up to this 5 years’ worth of income tax returns 5 year record of bank account Escrow and appraisal documents Retirement fund statements Lines of credit for the last 5 years License and registration for your vehicles
If your application is approved by the board, the Commission hearing will take place in 2 weeks later. You will attend the Commission hearing as well. The Commission must make a decision about your application within 120 days.
Quarterly license fees range from $81 to $1,815. 00.
You will also be required to pay a monthly percentage fee and a live entertainment tax if applicable.
