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If reference is made to SEC reports, it is sufficient if the applicant identifies where those reports can be found on the internet.
Yes, a Video Gaming Licensee can pledge its ownership interests as long as it discloses the transaction to the IGB prior to the transaction taking place, and any enforcement of interests is subject to prior approval by the IGB.
Pursuant to Rule , do video gaming licensees need to register to provide financing for VGTs? Is compensating or paying a third party a percentage of revenue from a VGT s permitted?
Compensating any third party based on a percentage of revenue from a VGT is permitted, however, any third party compensated in such a manner is required to complete a Video Gaming Personal Disclosure Form or a Business Entity Disclosure Form.
Financing the purchase of VGTs based on a percentage of revenue is not permitted. The IGB does not provide guidance in regards to illegal inducements at this time.
Be sure to review Section 25 c of the Video Gaming Act to avoid any violations. Are licensees allowed to use player tracking systems or establish "Players' Clubs" or similar programs that provide rewards to customers for repeated play?
However, pay particular attention to Section 25 c of the Video Gaming Act to avoid any violations. While a Licensed Terminal Operator may be allowed to delegate certain functions to another Licensed Terminal Operator, it may not delegate its obligations under the Act.
Before the IGB will approve this type of arrangement, it will need to review any proposed management agreement.
What types of payout systems will be allowed by the IGB? Rule addresses what types of payout devices are allowed by the IGB.
May a payout device also be an ATM? Rule contemplates a payout device having ATM capabilities. How must payout systems connect to the Central Communications System?
Does a company who manufactures a payout system need to be licensed? A company that solely manufactures a payout system does not need to be licensed.
Does a company who distributes or supplies a payout system need to be licensed? The company must be licensed as a Distributor or Supplier in order to sell, lease or distribute payout systems to Licensed Terminal Operators.
Does a lender for the purchase of payout systems need to register with the IGB? Pursuant to Rule , if a lender intends to enforce a security interest in a payout device, it must register with the IGB.
However, pursuant to Rule , registration to provide financing, only, is not required. Must an individual be licensed in order to service or fill a payout device?
An individual must obtain a Technician or Terminal Handler License to service a payout device, including filling a payout device with cash.
Does a Licensee need to maintain a receipt ticket voucher once it has been redeemed for cash? Neither the Licensed Terminal Operator nor the Licensed Location needs to keep receipt tickets once they have been redeemed for cash by a patron.
How does a patron redeem a voucher that was obtained from a Licensed Video Gaming Location that is now closed for business?
This process is handled pursuant to Rule A licensee may only ship approved VGTs to another licensee. A Licensed Manufacturer may ship unapproved VGTs to itself, as long as the licensee maintains control and possession of the unapproved VGTs until such time when they are approved.
Do the VGT shipment rules apply to payout devices and software? Please use the same VGT shipment form for payout devices and software.
Do licensees need to have secure storage for payout devices? Does every Licensed Terminal Operator need to have an approved storage facility?
If a Licensed Terminal Operator intends to take possession of VGTs at any time, it must have an approved storage facility.
Yes, please use your full legal name in the application. How does an applicant change its email address? How does an applicant correct the name of its location e.
Add punctuation, correct spelling, etc. This should only be used for minor corrections to your location name. If the company that owns the Location is changing or you are selling your location, please contact the IGB Licensing Unit for further instructions.
If an applicant accidently submits an application with the incorrect type of establishment, can it be amended? If an applicant is selling its establishment, can it just amend its application?
If an establishment has closed, should it withdraw its application? If applying for a Veterans or Fraternal Establishment License, does a flowchart need to be uploaded?
Please contact the Licensing Unit to inform them of the recent change of officers for your organization. The new officers will need to be added to the application and get fingerprinted as soon as possible.
Be mindful to save your information between each page! Upload a new flowchart illustrating the fully diluted ownership of the Applicant.
Change the officers of a Veterans or Fraternal Establishment. On Page 5, Verification: Authorized agent will need to be amended if a previous officer signed them.
On Page 6, Release of All Claims: On Page 7, Acknowledgment: On Page 8, Release of Information: New officers will need to complete a Release of Information for Owners.
On Page 10, Disclosure of Records: How do I change the officers of a Veterans or Fraternal Establishment in an application?
DO NOT type over an existing officer's information. Enter a reason for removing the individual. Click the yellow "Remove Person"s Name ". How can I amend a person's social security number?
You cannot amend a social security number once it is entered into the web application. Please contact Licensing to amend the number.
Does an applicant need to enter a local liquor license number in the Application? Yes, the local liquor license is not a required field because not all municipalities issue liquor license numbers.
If your establishment has a local liquor license number, you will need to enter the number, expiration date and issuing authority into the web application.
How does an applicant remove an individual from an Application? DO NOT type over an existing individual's information. I'm having trouble uploading documents.
What can I do? The maximum file size we can accept for the releases is 5MB. If your file size is larger than 5MB, you must reduce it before uploading.
Open the file in Adobe Reader. Select the printer dropdown. Check the new file size. It should be small enough to upload.
Yes, every member of a Limited Liability Company which owns the Applicant must sign a release and get fingerprinted if they are a Direct Owner of the Applicant.
When should I get fingerprinted? Contact one of the three approved Fingerprint Vendors to get fingerprinted immediately after submitting your Location Application.
Do not get fingerprinted prior to submitting your application. Your fingerprints may be discarded if the IGB receives a fingerprint response, but does not have the corresponding application.
I have applied for more than one location license, do I need to get fingerprinted again? Fingerprint responses are good for a period of one year.
If you are the owner of multiple locations, we may require you to get fingerprinted in correlation with the new location if your last fingerprint response was received by the Illinois Gaming Board more than one year prior.
Please contact the Licensing unit if you are unsure of whether you will need to be re-printed. Does an applicant need to disclose that it is currently on a payment plan for delinquent taxes?
The Location Code is an eleven digit number on the top right corner of your Illinois Business Authorization Certificate of Registration.
This certificate is issued through the Illinois Department of Revenue and should be displayed in your business where it can be easily viewed by the public.
Can I call the IGB to check the status of my application? Due to the large volume of applications the IGB needs to process, we generally do not provide status updates.
Every background investigation is unique and some may take considerably longer than others. Was I licensed at the last board meeting? The list of newly licensed locations can be found on the IGB website.
If your establishment is not on the most current list, it was not licensed at the previous board meeting.
I was licensed at the last board meeting. When will I receive my license? Not all of them are equal. A good general rule is the bigger the jackpot the lower the chance of winning it.
For this reason look for slots with good pay outs below the top prize. Mid level jackpots are hit more frequently and can give you more entertainment time for your gambling cash.
This is because the casinos need to hold much less of a dollar to make a profit compared to a penny. The worst pay out percentages are found on progressive video slots.
Unless you are lucky enough to hit the top jackpot you will find that these games are very hard to get ahead on. This is due to the fact that a percentage of every bet is added to the jackpot.
If you do play progressive then we suggest only doing so with winnings from other games. We highly recommend that before you sit down and play any slot machine in a casino that you take a quick walk around the slot banks and compare the games on offer.
If you like free spins look for the game with the best free spin feature, if you like bonus screen games find the games with the best bonuses.
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