{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/58.1-4108.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/58.1-4108.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/58.1-4108.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/58.1-4108.html"}],"law_id":84263,"edition_id":1,"section_id":84263,"structure_id":15457,"section_number":"58.1-4108","catch_line":"Operator’s license required; capital investment; equity interest; transferability; fee","history":"2020, cc. 1197, 1248; 2023, cc. 586, 587.","full_text":"A\n\nNo person shall operate a casino gaming establishment unless he has obtained an operator’s license issued by the Department in accordance with the provisions of this chapter and the regulations promulgated hereunder.B\n\nTo obtain an operator’s license issued under the provisions of this chapter, the applicant shall (i) make a capital investment of at least $300 million in a casino gaming establishment, including the value of the real property upon which such establishment is located and all furnishings, fixtures, and other improvements, and (ii) possess an equity interest equal to at least 20 percent of the casino gaming establishment.C\n\nA license issued under the provisions of this chapter shall be transferable, provided that the Department has approved the proposed transfer and all licensure requirements are satisfied at the time the transfer takes effect.D\n\nA nonrefundable fee of $15 million shall be paid by the applicant to the Department upon the issuance of a license and upon any subsequent transfer of a license to operate a casino gaming establishment. Such fees shall be deposited by the Department into the Gaming Regulatory Fund established pursuant to § 58.1-4048.E\n\nNo person issued a license pursuant to this chapter shall be precluded from obtaining a license for online sports betting pursuant to the Virginia Lottery Law (§ 58.1-4000 et seq.) or any subsequently created online sports betting license.","order_by":null,"text":{"0":{"id":302072,"text":"No person shall operate a casino gaming establishment unless he has obtained an operator’s license issued by the Department in accordance with the provisions of this chapter and the regulations promulgated hereunder.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":302073,"text":"To obtain an operator’s license issued under the provisions of this chapter, the applicant shall (i) make a capital investment of at least $300 million in a casino gaming establishment, including the value of the real property upon which such establishment is located and all furnishings, fixtures, and other improvements, and (ii) possess an equity interest equal to at least 20 percent of the casino gaming establishment.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":302074,"text":"A license issued under the provisions of this chapter shall be transferable, provided that the Department has approved the proposed transfer and all licensure requirements are satisfied at the time the transfer takes effect.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":302075,"text":"A nonrefundable fee of $15 million shall be paid by the applicant to the Department upon the issuance of a license and upon any subsequent transfer of a license to operate a casino gaming establishment. Such fees shall be deposited by the Department into the Gaming Regulatory Fund established pursuant to § 58.1-4048.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"4":{"id":302076,"text":"No person issued a license pursuant to this chapter shall be precluded from obtaining a license for online sports betting pursuant to the Virginia Lottery Law (§ 58.1-4000 et seq.) or any subsequently created online sports betting license.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D"}},"ancestry":[{"id":15457,"edition_id":1,"name":"Licenses","identifier":"3","label":"article","depth":4,"order_by":1,"parent_id":13502,"metadata":{},"date_created":"2026-06-26 03:55:10","date_modified":"2026-06-26 03:55:10","permalink":{"id":259431,"object_type":"structure","relational_id":15457,"identifier":"3","token":"58.1\/IV\/41\/3","url":"\/58.1\/IV\/41\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13502,"edition_id":1,"name":"Casino Gaming","identifier":"41","label":"chapter","depth":3,"order_by":1,"parent_id":13501,"metadata":{},"date_created":"2026-06-26 03:45:05","date_modified":"2026-06-26 03:45:05","permalink":{"id":259321,"object_type":"structure","relational_id":13502,"identifier":"41","token":"58.1\/IV\/41","url":"\/58.1\/IV\/41\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13501,"edition_id":1,"name":"Other Sources of State Revenue","identifier":"IV","label":"subtitle","depth":2,"order_by":1,"parent_id":12703,"metadata":{},"date_created":"2026-06-26 03:45:05","date_modified":"2026-06-26 03:45:05","permalink":{"id":259073,"object_type":"structure","relational_id":13501,"identifier":"IV","token":"58.1\/IV","url":"\/58.1\/IV\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12703,"edition_id":1,"name":"Taxation","identifier":"58.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":251959,"object_type":"structure","relational_id":12703,"identifier":"58.1","token":"58.1","url":"\/58.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":84263,"structure_id":15457,"section_number":"58.1-4108","catch_line":"Operator's license required; capital investment; equity interest; transferability; fee","url":"\/58.1-4108\/","token":"58.1\/IV\/41\/3\/58.1-4108","metadata":false},{"id":61549,"structure_id":15457,"section_number":"58.1-4109","catch_line":"Submission of preferred casino gaming operator by eligible host city; application for operator's license; penalty","url":"\/58.1-4109\/","token":"58.1\/IV\/41\/3\/58.1-4109","metadata":false},{"id":82281,"structure_id":15457,"section_number":"58.1-4110","catch_line":"Issuance of operator's license to preferred casino gaming operator; standards for licensure; temporary casino gaming allowed under certain conditions","url":"\/58.1-4110\/","token":"58.1\/IV\/41\/3\/58.1-4110","metadata":false},{"id":84997,"structure_id":15457,"section_number":"58.1-4111","catch_line":"Duration and form of operator's license; bond","url":"\/58.1-4111\/","token":"58.1\/IV\/41\/3\/58.1-4111","metadata":false},{"id":58877,"structure_id":15457,"section_number":"58.1-4112","catch_line":"Records to be kept; reports; reinvestment projection","url":"\/58.1-4112\/","token":"58.1\/IV\/41\/3\/58.1-4112","metadata":false},{"id":81491,"structure_id":15457,"section_number":"58.1-4113","catch_line":"Electronic accounting and reporting requirements; annual audit of licensed gaming operations","url":"\/58.1-4113\/","token":"58.1\/IV\/41\/3\/58.1-4113","metadata":false}],"next_section":{"id":61549,"structure_id":15457,"section_number":"58.1-4109","catch_line":"Submission of preferred casino gaming operator by eligible host city; application for operator's license; penalty","url":"\/58.1-4109\/","token":"58.1\/IV\/41\/3\/58.1-4109","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/58.1-4108\/","history_text":"

This law was first created in 2020. The record of its establishment is cataloged in chapters 1197<\/a> and 1248<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d 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 \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2023, chapters 586<\/a> and 587<\/a>.<\/p>","references":[{"id":71341,"section_number":"4.1-206.3","catch_line":"Retail licenses","order_by":null,"url":"\/4.1-206.3\/"},{"id":82281,"section_number":"58.1-4110","catch_line":"Issuance of operator's license to preferred casino gaming operator; standards for licensure; temporary casino gaming allowed under certain conditions","order_by":null,"url":"\/58.1-4110\/"}],"refers_to":[{"id":56298,"section_number":"58.1-4000","catch_line":"Short title","order_by":null,"url":"\/58.1-4000\/"}],"permalink":{"id":259433,"object_type":"law","relational_id":84263,"identifier":"58.1-4108","token":"58.1\/IV\/41\/3\/58.1-4108","url":"\/58.1-4108\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/58.1-4108\/","token":"58.1\/IV\/41\/3\/58.1-4108","dublin_core":{"Title":"Operator’s license required; capital investment; equity interest; transferability; fee","Type":"Text","Format":"text\/html","Identifier":"\u00a7 58.1-4108","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> No person<\/span> shall operate a casino gaming establishment<\/span> unless he has obtained an operator’s license issued by the Department<\/span> in accordance with the provisions of this chapter and the regulations promulgated hereunder. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> To obtain an operator’s license issued under the provisions of this chapter, the applicant shall (i) make a capital investment of at least $300 million in a casino gaming establishment<\/span>, including the value of the real property upon which such establishment is located and all furnishings, fixtures, and other improvements, and (ii) possess an equity<\/span> interest equal to at least 20 percent of the casino gaming establishment<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> A license issued under the provisions of this chapter shall be transferable, provided that the Department<\/span> has approved the proposed transfer and all licensure requirements are satisfied at the time the transfer takes effect. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> A nonrefundable fee of $15 million shall be paid by the applicant to the Department<\/span> upon the issuance of a license and upon any subsequent transfer of a license to operate a casino gaming establishment<\/span>. Such fees shall be deposited by the Department<\/span> into the Gaming Regulatory Fund established pursuant to § 58.1-4048<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

E.<\/span> No person<\/span> issued a license pursuant to this chapter shall be precluded from obtaining a license for online sports betting<\/span> pursuant to the Virginia Lottery Law<\/span> (§ 58.1-4000<\/a> et seq.) or any subsequently created online sports betting<\/span> license. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nOPERATOR’S LICENSE REQUIRED; CAPITAL INVESTMENT; EQUITY INTEREST;\nTRANSFERABILITY; FEE (\u00a7 58.1-4108)\n\nA. No person shall operate a casino gaming establishment unless he has obtained\nan operator’s license issued by the Department in accordance with the\nprovisions of this chapter and the regulations promulgated hereunder.\n\nB. To obtain an operator’s license issued under the provisions of this\nchapter, the applicant shall (i) make a capital investment of at least $300\nmillion in a casino gaming establishment, including the value of the real\nproperty upon which such establishment is located and all furnishings, fixtures,\nand other improvements, and (ii) possess an equity interest equal to at least 20\npercent of the casino gaming establishment.\n\nC. A license issued under the provisions of this chapter shall be transferable,\nprovided that the Department has approved the proposed transfer and all\nlicensure requirements are satisfied at the time the transfer takes effect.\n\nD. A nonrefundable fee of $15 million shall be paid by the applicant to the\nDepartment upon the issuance of a license and upon any subsequent transfer of a\nlicense to operate a casino gaming establishment. Such fees shall be deposited\nby the Department into the Gaming Regulatory Fund established pursuant to §\n58.1-4048.\n\nE. No person issued a license pursuant to this chapter shall be precluded from\nobtaining a license for online sports betting pursuant to the Virginia Lottery\nLaw (§ 58.1-4000 et seq.) or any subsequently created online sports betting\nlicense.\n\nHISTORY: 2020, cc. 1197, 1248; 2023, cc. 586, 587.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}