§ 58.1-4033 Renewals of permits
A. A permit issued pursuant to § 58.1-4032 shall be valid for three years from the date issued.
B. At least 60 days before the expiration of a permit, the permit holder shall submit a renewal application, on forms prescribed by the Director, with a nonrefundable renewal fee of $200,000. Such fees shall be deposited into the Gaming Regulatory Fund established pursuant to § 58.1-4048.
C. The Director may deny a permit renewal if he finds grounds for denial as described in subsection F of § 58.1-4032. The Director’s action shall be final unless appealed in accordance with § 58.1-4007.
D. The Director shall make a determination on an application for a renewal of a sports betting permit within 60 days of receipt. The Director’s action shall be final unless appealed in accordance with § 58.1-4007.
History
This law was first created in 2020. The record of its establishment is cataloged in chapters 1218 and 1256 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. That modification is as follows: in 2023, chapters 586 and 587.
2020, cc. 1218, 1256; 2023, cc. 586, 587.