(a) The initial term of a video lottery operation license is 15 years from the date on which the video lottery facility is issued the license by the Commission.
(b) During the initial term of a video lottery operation license, the licensee shall provide the Commission with an annual update of the information required under this subtitle for the issuance of a license by the date set by the Commission in regulations and on the form required by the Commission.
(c) Two years before the expiration of the term of a video lottery operation license, the licensee shall file with the Commission a notice of intent to reapply for the license under this subtitle.
(d) Within 1 year of the end of the initial 15–year license term, a video lottery operation licensee may reapply for a license that has a license term of 10 years and a license fee to be established by statute.
(e) If a licensee has its license revoked or otherwise surrenders the license, the video lottery operation license reverts to the State.
Structure Maryland Statutes
Title 9 - Miscellaneous Executive Agencies
Subtitle 1A - Video Lottery Terminals
Section 9-1A-02 - Operation of Video Lottery Terminals
Section 9-1A-03 - Scope of Subtitle
Section 9-1A-04 - Powers and Duties of Commission
Section 9-1A-08 - Additional Information Required; Disqualification of Applicants
Section 9-1A-09 - Eligibility for Funding Racing Licensees
Section 9-1A-10 - Minority Business Requirements; Employment Requirements
Section 9-1A-11 - Requirements for Commencement of Operations; Sanctions
Section 9-1A-12 - Requirements for Contractors Not Licensees
Section 9-1A-14 - Employee Licenses
Section 9-1A-15 - Manufacturer License Requirements
Section 9-1A-17 - Renewal of License
Section 9-1A-18 - License Is Revocable Privilege; Property Right Not Created
Section 9-1A-19 - Transferability of License or Interests
Section 9-1A-20 - Background Investigations
Section 9-1A-21 - Equipment to Be Owned or Leased and Controlled by Commission
Section 9-1A-22 - Target Average Payout Percentage
Section 9-1A-23 - Operation in General
Section 9-1A-25 - Violations; Sanctions; Effect on Other Laws
Section 9-1A-26 - Daily Electronic Transfer of Proceeds; Accounting and Distribution
Section 9-1A-27 - Distribution of Proceeds
Section 9-1A-28 - Purse Dedication Account
Section 9-1A-28.1 - Purse Dedication Account -- Benefit Programs
Section 9-1A-29 - Racetrack Facility Renewal Account
Section 9-1A-30 - Education Trust Fund
Section 9-1A-31 - Local Impact Grants; Local Development Council
Section 9-1A-32 - Transportation
Section 9-1A-33 - Problem Gambling Fund
Section 9-1A-36 - Video Lottery Facility Location Commission
Section 9-1A-37 - Participation of Commission in Legislative Process