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Casino Gaming and Sports Wagering

Casinos and casino gaming are hereby authorized in four locations within the State of Arkansas. Casino licensees may accept wagers on sporting events unless prohibited by federal law. Franchise holders will continue to accept wagers on horse and greyhound racing.

Definitions

Casino- a facility where casino gaming is conducted.

Casino Applicant- any individual, corporation, partnership, association, trust or other entity applying for a license to conduct casino gaming as a casino.

Casino Gaming- is defined as dealing, operating, carrying on, conducting, maintaining, or exposing for play any game played with cards, dice, equipment, or any mechanical, electromechanical or electronic device or machine for money, property, checks, credit or any representative value.

Casino Gaming Receipts- gross receipts from casino gaming.

Casino License- as license issued by the Arkansas Racing Commission to conduct casino gaming at a casino.

Casino Licensee- any individual, corporation, partnership, association, trust or other entity holding a license issued by the Arkansas Racing Commission to conduct casino gaming at a casino.

Franchise Holder- any individual, corporation, partnership, association, trust or other entity holding a franchise to conduct horse racing under the Arkansas Horse Racing Law or greyhound racing under the Arkansas Greyhound Racing Law.

Intoxicating Liquor- any beverage containing more than one half of one percent of alcohol by weight.

Net Casino Gaming Receipts Tax- gross receipts from casino gaming less amounts paid out or reserved as winnings to casino patrons.

Wholesaler- any person who holds a permit under any alcoholic beverage control law of the State of Arkansas to purchase controlled beverages from a manufacturer, importer, or domestic wine or brandy producer only and to sell such controlled beverage to retailers only.

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