A. 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.
B. 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.
C. 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.
D. 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.
E. 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.
2020, cc. 1197, 1248.
Structure Code of Virginia
§ 58.1-4101. Regulation and control of casino gaming; limitation
§ 58.1-4102. Powers and duties of the Board; regulations
§ 58.1-4103. Voluntary exclusion program
§ 58.1-4104. Fingerprints and background investigations
§ 58.1-4105. Hearing and appeal
§ 58.1-4107. Eligible host city; certification of preferred casino gaming operator
§ 58.1-4107.1. Regional Improvement Commission
§ 58.1-4108. Operator's license required; capital investment; equity interest; transferability; fee
§ 58.1-4111. Duration and form of operator's license; bond
§ 58.1-4112. Records to be kept; reports; reinvestment projection
§ 58.1-4114. Supplier's permits; penalty
§ 58.1-4115. Denial of permit final
§ 58.1-4116. Suspension or revocation of license or permit
§ 58.1-4117. Acquisition of interest in licensee or permit holder
§ 58.1-4118. Service permit required
§ 58.1-4119. Application for service permit
§ 58.1-4120. Consideration of service permit application
§ 58.1-4121. Suspension or revocation of service permit; civil penalty
§ 58.1-4122. Conduct of casino gaming
§ 58.1-4123. Local referendum required
§ 58.1-4124. Tax rate on adjusted gross receipts
§ 58.1-4125. (Effective until date pursuant to Va. Const., Art. IV, § 13) Gaming Proceeds Fund
§ 58.1-4125. (Effective pursuant to Va. Const. Art. IV, §13) Gaming Proceeds Fund
§ 58.1-4126. Illegal operation; penalty
§ 58.1-4127. Fraudulent use of credential; penalty
§ 58.1-4129. Conspiracies and attempts to commit violations; penalty
§ 58.1-4131. Federal law applicable
§ 58.1-4132. Authorized on-premises mobile casino gaming
§ 58.1-4133. Location of primary on-premises mobile casino gaming operation
§ 58.1-4134. On-premises mobile casino gaming accounts
§ 58.1-4135. Disposition of inactive, dormant accounts
§ 58.1-4136. Assistance to people with gambling problem
§ 58.1-4137. Offering of on-premises mobile casino gaming without approval; penalties
§ 58.1-4138. Tampering with equipment; penalties
§ 58.1-4139. Tampering affecting odds, payout; penalties
§ 58.1-4140. Facilities permitted to conduct on-premises mobile casino gaming; violations, penalties