Regulation .05 Issuance of License; Term.

The Commission shall issue an operation license to the applicant selected for award by the Location Commission.

For an original license for a location that was awarded by the Video Lottery Facility Location Commission and issued by the Commission, the term of a license is 15 years from the date issued.

As described in Regulation .10 of this chapter, upon timely and proper application, the Commission shall renew the operation license of a qualified operator.

A renewal term of a license is 15 years from expiration of the existing term.