Illinois Video License Agreement

Category:
State:
Multi-State
Control #:
US-ET0207AM
Format:
Word; 
Rich Text
Instant download

Description

This is a model contract form for use in business settings, a Video License Agreement. Available for download in Word format.
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FAQ

Gaming License Background Check Complete audits of both business owners and the video gaming manager at the Illinois video gaming establishment. Public records of any felonies or crimes including misdemeanors, unsettled debts, and domestic issues. Failed drug tests.

Here are just a few things that MAY cause the IGB to refuse a license: The applicant has been found guilty of a felony. The applicant is unable to pass a standard drug test. The applicant fails to disclose or hides any information during the application process, including personal interviews.

Gaming Law in Illinois While Illinois gambling laws allow betting on horse racing and riverboat s, most other types of gambling are prohibited in the state. Contests of skill (rather than mere chance) are allowed, as are charitable games, bingo, and raffles.

A few of the top qualifications and Illinois gaming license requirements include: Clear history of honesty and integrity. A clean background check void of a criminal record and any other instances that have threatened the people of the state of Illinois. No previous issues with the Illinois video gaming industry.

Businesses such as bars and restaurants can have up to 6 slot machines and participate in video gambling activities in Illinois. In addition, gambling laws allow for a total of 10 Illinois slot machines to be utilized at large truck stops.

Yes. A valid license must be issued by both the Illinois Gaming Board and the Cook County Liquor Control Commission. Those found operating a video gaming terminal without a license are subject to criminal penalties.

Illinois has established theoretical payout limits of 80% and 100% over the lifetime of a slot machine. Further, the IGB provides monthly return statistics for Video Gaming. In January 2022, the statewide average player win percentage was 91.7% for all VLT at retailers.

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Illinois Video License Agreement