For a violation that is cause for suspension of a license, the Board may: except as provided in subsections (b) and (c) of this section, for a first offense, impose a fine not exceeding $500 or suspend the license or both; or except as provided in subsection (c) of this section, for each subsequent offense, impose a fine not exceeding $20,000 or suspend the license or both. For a first offense of selling alcoholic beverages to an individual under the age of 21 years, the Board may impose a fine not exceeding $1,000 or suspend the license or both. For the offense of publicizing, selling tickets for, organizing, operating, producing, facilitating, or staging a pub crawl with the knowledge or a reason to know that a pub crawl promoter’s permit required under § 12–1101.1 of this title has not been obtained, the Board shall impose a fine of not less than $1,000 and not more than $20,000 or suspend the license or both. A person who violates § 12–1101.1 of this title may not be granted a promoter’s permit for at least 1 year. For the offense by a holder of an alcoholic beverages license of operating the licensed premises outside the hours of operation specified in this title without first obtaining an exemption under § 12–2007 of this title, the Board shall: for a first offense, impose a fine of not less than $1,000 or suspend the license or both; and for a second or subsequent offense, impose a fine of not less than $2,000 and not more than $20,000 or suspend the license or both. For the offense of publicizing, selling tickets or imposing a cover charge for, organizing, operating, producing, facilitating, or staging a related event with the knowledge or a reason to know that a related event promoter’s permit required under § 12–1102.2 of this title has not been obtained, the Board shall impose a fine of not less than $1,000 and not more than $3,000 or suspend the license or both. A person who violates § 12–1102.2 of this title may not be granted a related event promoter’s permit for at least 1 year. For the offense by a holder of a State caterer’s license of participating in a CIAA Basketball Tournament related event without first obtaining a Class C per diem beer, beer and wine, or beer, wine, and liquor license required under § 12–1102.2 of this title, the Executive Director shall impose a fine of not less than $1,000 and not more than $3,000 or suspend the State caterer’s license or both. The Board shall adopt regulations that establish tiered penalties for violations under this title, including the revocation of a 7–day sales privilege granted under § 12–1604.2 of this title if the licensee violates the provisions of the required memorandum of understanding three or more times within a 2–year period.