7/2/18
Eligibility Standards for Vendor Licensing
§ Review the investigative results for all principles o f a vendor to ensure they meet suitability criteria for licensure. § No t be owned, contro lled, directed, managed or associated w ith any person who does no t meet the suitability standards applicable to a key employee or PMO . § A large part o f a company's eligibility is determ ined by the eligibility o f its owners and operators. § Is the vendor in good standing w ith all governmental jurisdictions in which it conducts business. § Is the vendor fiscally sound and in good standing w ith all taxing jurisdictions. § Does the vendor have a good reputation in its industry, does it have ties or associations w ith known felons or persons o f dishonest or disreputable character.
Key Factors in Licensing Vendors
§ Assess the risk that a vendor poses to the gam ing operations. § Define the types o f licenses your jurisdiction w ill issue, create the standards and processes based upon the type o f license, or the risk assessment conducted fo r each type o f vendo r. § C reate processes and standards for licensure that are effective and can be quickly implemented. § Do no t create processes that inhibit the business o f the gam ing operations. § Be fair and consistent in the licensing o f vendors. § C reate fee schedules that are appropriate and affordable to vendors.
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