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PRINTER'S NO. 2127
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
1616
Session of
2017
INTRODUCED BY PETRI, MILLARD AND WHEELAND, JUNE 23, 2017
REFERRED TO COMMITTEE ON GAMING OVERSIGHT, JUNE 23, 2017
AN ACT
Amending Title 4 (Amusements) of the Pennsylvania Consolidated
Statutes, in licensees, further providing for Category 1 slot
machine license and repealing provisions related to multiple
slot machine license prohibition.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 1302(a) of Title 4 of the Pennsylvania
Consolidated Statutes is amended to read:
§ 1302. Category 1 slot machine license.
(a) Eligibility.--A person may be eligible to apply for a
Category 1 license to place and operate slot machines at a
licensed racetrack facility if the person:
(1) has been issued a license from either the State
Horse Racing Commission or the State Harness Racing
Commission to conduct thoroughbred or harness race meetings
respectively with pari-mutuel wagering and has conducted live
horse races for not less than two years immediately preceding
the effective date of this part;
(2) has been approved or issued a license from either
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the State Horse Racing Commission or the State Harness Racing
Commission to conduct thoroughbred or harness race meetings
respectively with pari-mutuel wagering within 18 months
immediately preceding the effective date of this part and
will successfully conduct live racing pursuant to the
requirements of section 1303 (relating to additional Category
1 slot machine license requirements);
(3) has been approved by the State Harness Racing
Commission, after the effective date of this part, to conduct
harness race meetings with pari-mutuel wagering and will
conduct live racing pursuant to the requirements of section
1303; or
(4) is a successor in interest to persons eligible under
paragraph (1), (2) or (3) who comply with the requirements of
section 1328 (relating to change in ownership or control of
slot machine licensee) [or is a successor in interest to
persons otherwise eligible under paragraph (1), (2) or (3)
but precluded from eligibility under the provisions of
section 1330].
Nothing in this part shall be construed to permit the approval
or issuance of more than one slot machine license at a licensed
racetrack facility.
* * *
Section 2. Section 1330 of Title 4 is repealed:
[§ 1330. Multiple slot machine license prohibition.
No slot machine licensee, its affiliate, intermediary,
subsidiary or holding company may possess an ownership or
financial interest that is greater than 33.3% of another slot
machine licensee or person eligible to apply for a Category 1
license, its affiliate, intermediary, subsidiary or holding
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company. The board shall approve the terms and conditions of any
divestiture under this section. Under no circumstances shall any
such divestiture be approved by the board if the compensation
for the divested interest in a person eligible to apply for a
Category 1 license exceeds the greater of the original cost of
the interest, the book value of the interest or an independently
assessed value of the interest one month prior to the effective
date of this part and, in the case of a person eligible to apply
for a Category 1 license, unless the person acquiring the
divested interest is required to continue conducting live racing
at the location where live racing is currently being conducted
in accordance with section 1303 (relating to additional Category
1 slot machine license requirements) and be approved for a
Category 1 slot machine license. No such slot machine license
applicant shall be issued a slot machine license until the
applicant has completely divested its ownership or financial
interest that is in excess of 33.3% in another slot machine
licensee or person eligible to apply for a Category 1 license,
its affiliate, intermediary, subsidiary or holding company.]
Section 3. This act shall take effect immediately.
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