Track license required--grounds for refusal to issue, qualifications.
313.580. 1. Pari-mutuel wagering shall only be conducted within thegrounds or enclosure of a race track licensed by the commission and shall onlybe conducted with respect to horse races and race meetings which have beenauthorized by the commission at such licensed race track. No organizationshall conduct pari-mutuel wagering on horse racing without a valid race tracklicense issued by the commission with respect to the conduct of horse racingand race meets authorized by the commission. Any organization desiring toconduct pari-mutuel wagering on horse racing shall apply to the commission fora race track license and shall provide the information required by thecommission before a license may be issued.
2. The commission shall not issue any race track license to anyindividual or organization:
(1) Who has or which has an officer, director, or stockholder who hasbeen convicted of a felony;
(2) Who has or which has an officer, director, or stockholder who hasbeen convicted of or pleaded nolo contendere to any illegal gambling activity;or
(3) Who is or which has an officer, director, or stockholder who is notof good moral character. As used in this subsection, the term "stockholder" shall mean record ownersof any class of stock, and beneficial owners of any class of stock as providedin subsection 4 of section 313.600, which constitutes two percent or more ofthe licensee's stock.
3. The commission shall not issue any license for a race track unlessthe commission has first determined:
(1) That the applicant would be a suitable licensee;
(2) That a licensed race track at the proposed location would be in thepublic interest;
(3) That the proposed race track operation is economically feasible;
(4) That the proposed race track's establishment would not bedetrimental to the development of a sound horse racing program for Missouri;
(5) That any financing of applicant's proposed operations is adequateand comes from a source that is not detrimental to the public interest; and
(6) That the applicant has complied with all requisite provisions of lawand of rules and regulations promulgated by the commission.
4. If any organization is ineligible to be granted a race track licensebecause of any of the matters set forth in this section, any other affiliatedorganization or person that is either controlled, directly or indirectly, bysuch ineligible organization or person shall also be ineligible.
5. The commission shall only license the number of race tracks andauthorize the number of races which it determines to be in the public interestand economically feasible.
Track license required--grounds for refusal to issue, qualifications.
313.580. 1. Pari-mutuel wagering shall only be conducted within thegrounds or enclosure of a race track licensed by the commission and shall onlybe conducted with respect to horse races and race meetings which have beenauthorized by the commission at such licensed race track. No organizationshall conduct pari-mutuel wagering on horse racing without a valid race tracklicense issued by the commission with respect to the conduct of horse racingand race meets authorized by the commission. Any organization desiring toconduct pari-mutuel wagering on horse racing shall apply to the commission fora race track license and shall provide the information required by thecommission before a license may be issued.
2. The commission shall not issue any race track license to anyindividual or organization:
(1) Who has or which has an officer, director, or stockholder who hasbeen convicted of a felony;
(2) Who has or which has an officer, director, or stockholder who hasbeen convicted of or pleaded nolo contendere to any illegal gambling activity;or
(3) Who is or which has an officer, director, or stockholder who is notof good moral character. As used in this subsection, the term "stockholder" shall mean record ownersof any class of stock, and beneficial owners of any class of stock as providedin subsection 4 of section 313.600, which constitutes two percent or more ofthe licensee's stock.
3. The commission shall not issue any license for a race track unlessthe commission has first determined:
(1) That the applicant would be a suitable licensee;
(2) That a licensed race track at the proposed location would be in thepublic interest;
(3) That the proposed race track operation is economically feasible;
(4) That the proposed race track's establishment would not bedetrimental to the development of a sound horse racing program for Missouri;
(5) That any financing of applicant's proposed operations is adequateand comes from a source that is not detrimental to the public interest; and
(6) That the applicant has complied with all requisite provisions of lawand of rules and regulations promulgated by the commission.
4. If any organization is ineligible to be granted a race track licensebecause of any of the matters set forth in this section, any other affiliatedorganization or person that is either controlled, directly or indirectly, bysuch ineligible organization or person shall also be ineligible.
5. The commission shall only license the number of race tracks andauthorize the number of races which it determines to be in the public interestand economically feasible.
Track license required--grounds for refusal to issue, qualifications.
313.580. 1. Pari-mutuel wagering shall only be conducted within thegrounds or enclosure of a race track licensed by the commission and shall onlybe conducted with respect to horse races and race meetings which have beenauthorized by the commission at such licensed race track. No organizationshall conduct pari-mutuel wagering on horse racing without a valid race tracklicense issued by the commission with respect to the conduct of horse racingand race meets authorized by the commission. Any organization desiring toconduct pari-mutuel wagering on horse racing shall apply to the commission fora race track license and shall provide the information required by thecommission before a license may be issued.
2. The commission shall not issue any race track license to anyindividual or organization:
(1) Who has or which has an officer, director, or stockholder who hasbeen convicted of a felony;
(2) Who has or which has an officer, director, or stockholder who hasbeen convicted of or pleaded nolo contendere to any illegal gambling activity;or
(3) Who is or which has an officer, director, or stockholder who is notof good moral character. As used in this subsection, the term "stockholder" shall mean record ownersof any class of stock, and beneficial owners of any class of stock as providedin subsection 4 of section 313.600, which constitutes two percent or more ofthe licensee's stock.
3. The commission shall not issue any license for a race track unlessthe commission has first determined:
(1) That the applicant would be a suitable licensee;
(2) That a licensed race track at the proposed location would be in thepublic interest;
(3) That the proposed race track operation is economically feasible;
(4) That the proposed race track's establishment would not bedetrimental to the development of a sound horse racing program for Missouri;
(5) That any financing of applicant's proposed operations is adequateand comes from a source that is not detrimental to the public interest; and
(6) That the applicant has complied with all requisite provisions of lawand of rules and regulations promulgated by the commission.
4. If any organization is ineligible to be granted a race track licensebecause of any of the matters set forth in this section, any other affiliatedorganization or person that is either controlled, directly or indirectly, bysuch ineligible organization or person shall also be ineligible.
5. The commission shall only license the number of race tracks andauthorize the number of races which it determines to be in the public interestand economically feasible.
