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Sen. Terry Link
Filed: 2/28/2017
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1 | | AMENDMENT TO SENATE BILL 7
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2 | | AMENDMENT NO. ______. Amend Senate Bill 7, on page 2, line |
3 | | 10, after "water-based facility", by inserting "and airport |
4 | | gaming locations pursuant to Section 1-67 of this Act"; and
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5 | | by replacing line 21 on page 20 through line 22 on page 23 with |
6 | | the following:
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7 | | "Section 1-45. Casino management contracts.
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8 | | (a) The Casino Board shall enter into a casino management |
9 | | contract with a casino operator subject to a background |
10 | | investigation and approval by the Gaming Board and payment by |
11 | | the proposed casino operator of a fee of $50,000,000, which |
12 | | shall be deposited into the Gaming Facilities Fee Revenue Fund. |
13 | | The Gaming Board shall complete its background investigation |
14 | | and approval of the casino operator within 6 months after the |
15 | | date that the proposed casino operator submits its application |
16 | | to the Gaming Board. If the Gaming Board does not complete its |
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1 | | background investigation and approval within the 6-month |
2 | | period, then the Gaming Board shall give a written explanation |
3 | | to the proposed casino operator and the chief legal officer of |
4 | | the Authority as to why it has not reached a final |
5 | | determination and when it reasonably expects to make a final |
6 | | determination. Validity of the casino management contract is |
7 | | contingent upon the issuance of a casino operator license. If |
8 | | the Gaming Board grants a casino operator license, the Casino |
9 | | Board shall transmit a copy of the executed casino management |
10 | | contract to the Gaming Board. |
11 | | (b) After (1) the Authority has been issued an owners |
12 | | license, (2) the Gaming Board has issued a casino operator |
13 | | license, and (3) the Gaming Board has approved the members of |
14 | | the Casino Board, the Authority may conduct gaming operations |
15 | | at a temporary facility, subject to the adopted rules of the |
16 | | Gaming Board, for no longer than 24 months after gaming |
17 | | operations begin. The Gaming Board may, after holding a public |
18 | | hearing, grant an extension so long as a permanent facility is |
19 | | not operational and the Authority is working in good faith to |
20 | | complete the permanent facility. The Gaming Board may grant |
21 | | additional extensions following further public hearings. Each |
22 | | extension may be for a period of no longer than 6 months."; and
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23 | | on page 27, immediately below line 19, by inserting the |
24 | | following:
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1 | | "Section 1-67. Limitations on gaming at Chicago airports. |
2 | | The Authority may conduct gaming operations in an airport under |
3 | | the administration or control of the Chicago Department of |
4 | | Aviation. Gaming operations may be conducted pursuant to this |
5 | | Section so long as (i) gaming operations are conducted in a |
6 | | secured area that is beyond the Transportation Security |
7 | | Administration security checkpoints and only available to |
8 | | airline passengers at least 21 years of age who are members of |
9 | | a private club, and not to the general public, (ii) gaming |
10 | | operations are limited to slot machines, as defined in Section |
11 | | 4 of the Illinois Gambling Act, and (iii) the combined number |
12 | | of gaming positions operating in the City at the airports and |
13 | | at the temporary and permanent casino facility does not exceed |
14 | | the maximum number of gaming positions authorized pursuant to |
15 | | subsection (h) of Section 7 of the Illinois Gambling Act. |
16 | | Gaming operations at an airport are subject to all applicable |
17 | | laws and rules that apply to any other gaming facility under |
18 | | this Act or the Illinois Gambling Act."; and
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19 | | on page 50, line 2, by replacing "Sections 5-45 and 20-10" with |
20 | | "Section 5-45"; and
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21 | | by deleting line 21 on page 55 through line 12 on page 61; and
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22 | | on page 96, by replacing lines 1 through 12 with the following: |
23 | | " (b) The revenues in the Fund shall be used, subject to |
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1 | | appropriation, by the Comptroller for the purpose of providing |
2 | | appropriations to the Illinois Gaming Board for the |
3 | | administration and enforcement of the Illinois Gambling Act and |
4 | | the applicable provisions of the Chicago Casino Development |
5 | | Authority Act, with any remaining amounts being transferred to |
6 | | the General Revenue Fund. "; and
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7 | | on page 96, line 14, by replacing " (e) " with " (a) "; and
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8 | | on page 96, line 16, by replacing " (e-25) " with " (h) "; and
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9 | | by replacing line 22 on page 214 through line 6 on page 215 |
10 | | with the following: |
11 | | " (e-1) In awarding standardbred racing dates for calendar |
12 | | year 2018, the Board shall award at least 160 racing dates, and |
13 | | each organization licensee shall average at least 10 races for |
14 | | each racing date awarded. In awarding standardbred racing dates |
15 | | for calendar year 2019, the Board shall award at least 200 |
16 | | racing dates, and each organization licensee shall average at |
17 | | least 11 races for each racing date awarded. In awarding |
18 | | standardbred racing dates for calendar year 2020 and |
19 | | thereafter, the Board shall award at least 260 racing dates, |
20 | | and each organization licensee shall average at least 11 races |
21 | | for each racing date awarded unless a lesser schedule of live |
22 | | racing is a result of an agreement with the organization |
23 | | representing the largest number of standardbred owners, |
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1 | | breeders, trainers, drivers, caretakers in the State. |
2 | | Standardbred racing conducted in Sangamon County shall not be |
3 | | considered races under this subsection (e-1). "; and
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4 | | on page 217, by replacing lines 16 through 26 with the |
5 | | following: |
6 | | " (e-4) Notwithstanding the provisions of Section 7.7 of the |
7 | | Illinois Gambling Act or any provision of this Act other than |
8 | | subsections (e-3) and (e-4.5), for each calendar year for which |
9 | | an electronic gaming licensee requests thoroughbred racing |
10 | | dates which results in a number of live races under its |
11 | | organization license that is less than the total number of live |
12 | | races which it conducted in 2016 at its race track facility, |
13 | | the electronic gaming licensee may not conduct electronic |
14 | | gaming for the calendar year of such requested live races. |
15 | | (e-4.1) Notwithstanding the provisions of Section 7.7 of |
16 | | the Illinois Gambling Act or any provision of this Act other |
17 | | than subsections (e-3) and (e-4.5), for each calendar year for |
18 | | which an organization licensee requests racing dates for |
19 | | standardbred racing which results in a number of live races |
20 | | that is less than the total number of live races required in |
21 | | subsection (e-1), the electronic gaming licensee may not |
22 | | conduct electronic gaming for the calendar year of such |
23 | | requested live races. "; and
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24 | | on page 253, line 3, by replacing "or (iii)" with " or (iii) at |
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1 | | a track awarded standardbred racing dates in 2018 and |
2 | | thereafter; or (iv) "; and
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3 | | on page 253, line 26, after the period, by inserting " An |
4 | | eligible race track conducting standardbred racing may have up |
5 | | to 9 inter-track wagering locations. "; and
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6 | | on page 309, by deleting lines 7 through 15; and
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7 | | on page 315, by replacing lines 21 through 25 with the |
8 | | following: |
9 | | " (b) If the organization licensee is operating electronic |
10 | | gaming, then, for the 5-year period beginning on the January 1 |
11 | | of the calendar year immediately following the calendar year |
12 | | during which an organization licensee begins conducting |
13 | | electronic gaming operations pursuant to an electronic gaming |
14 | | license issued under the Illinois Gambling Act, the |
15 | | organization licensee shall make capital expenditures, in an |
16 | | amount equal to no less than 50% of the tax credit under this |
17 | | Section, to the improvement and maintenance of the backstretch, |
18 | | including, but not limited to, backstretch barns, dormitories, |
19 | | and services for backstretch workers. Those capital |
20 | | expenditures must be in addition to, and not in lieu of, the |
21 | | capital expenditures made for backstretch improvements in |
22 | | calendar year 2015, as reported to the Board in the |
23 | | organization licensee's application for racing dates and as |
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1 | | certified by the Board. The organization licensee is required |
2 | | to annually submit the list and amounts of these capital |
3 | | expenditures to the Board by January 30th of the year following |
4 | | the expenditure. |
5 | | (c) If the organization licensee is operating electronic |
6 | | gaming in accordance with paragraph (b), then, after the 5-year |
7 | | period beginning on January 1 of the calendar year immediately |
8 | | following the calendar year during which an organization |
9 | | licensee begins conducting electronic gaming operations |
10 | | pursuant to an electronic gaming license issued under the |
11 | | Illinois Gambling Act, the organization license is ineligible |
12 | | to receive a tax credit under this Section. "; and
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13 | | on page 322, lines 20 and 21, by replacing " controlled
by the |
14 | | licensee's race track " with " of which the electronic gaming |
15 | | licensee has operating control "; and
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16 | | on page 326, line 23, by replacing "and 7.13" with "7.13, and |
17 | | 25"; and
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18 | | on page 333, immediately below line 18, by inserting the |
19 | | following: |
20 | | " "Wide area progressive system" means a method of linking |
21 | | progressive slot machines or electronic gaming machines across |
22 | | telecommunication lines as part of a network connecting |
23 | | participating facilities. Wide area progressive systems offer |
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1 | | a common progressive jackpot at all participating locations and |
2 | | the award of the jackpot is at random. "; and
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3 | | on page 367, line 2, after the period, by inserting " In order |
4 | | to expedite the application process, the Board may establish |
5 | | rules allowing applicants to acquire criminal background |
6 | | checks and financial integrity reviews as part of the initial |
7 | | application process from a list of vendors approved by the |
8 | | Board. "; and
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9 | | on page 370, line 15, after " casino ", by inserting " or in an |
10 | | airport "; and
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11 | | on page 374, line 24, by replacing " 6 months " with " 120 days "; |
12 | | and
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13 | | on page 379, line 8, by replacing " paragraphs (2) through (5) " |
14 | | with " subsection (e) or paragraph (2), (3), (4), or (5) "; and
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15 | | on page 379, line 20, after the period, by inserting " The fees |
16 | | under this subsection (h) shall be deposited into the Gaming |
17 | | Facilities Fee Revenue
Fund. "; and
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18 | | on page 380, lines 14 and 16, by replacing " per gaming |
19 | | position " each time it appears with " per additional gaming |
20 | | position "; and
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1 | | on page 382, by replacing lines 5 through 7 with " 2,000 |
2 | | positions total. "; and
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3 | | on page 385, by replacing lines 15 through 19 with the |
4 | | following: |
5 | | "7.4, or (iii) it will issue an owners license pursuant to an |
6 | | open
and competitive bidding process, as set forth in Section |
7 | | 7.12,
the open and competitive"; and
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8 | | on page 391, by replacing lines 22 and 23 with " required under |
9 | | subsection (k), (v) conduct live racing in accordance with |
10 | | subsections (e-1), (e-2), and (e-3) of Section 20 of the |
11 | | Illinois Horse Racing Act of 1975 or for a licensee that is |
12 | | only "; and
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13 | | on page 392, lines 5 and 6, by deleting " that had an open |
14 | | backstretch in
2009 "; and
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15 | | on page 392, by replacing lines 14 through 18 with " of this Act |
16 | | that apply to owners licensees. "; and
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17 | | on page 394, lines 4 through 6, by deleting " whose electronic
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18 | | gaming license originates with an organization licensee that
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19 | | conducted live racing in calendar year 2016 "; and
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1 | | on page 394, lines 8 through 10, by deleting " whose electronic
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2 | | gaming license originates with an organization licensee that
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3 | | conducted live racing in calendar year 2016 "; and
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4 | | on page 397, immediately below line 16, by inserting the |
5 | | following: |
6 | | " (i-5) Under no circumstances shall an electronic gaming |
7 | | licensee conduct electronic gaming at any State or county |
8 | | fair. "; and
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9 | | on page 429, immediately below line 6, by inserting the |
10 | | following: |
11 | | " (a-4.5) Beginning on the first day of the calendar month |
12 | | immediately following 24 months after the effective date of |
13 | | this amendatory Act of the 100th General Assembly and ending on |
14 | | the date gambling operations, commence at a permanent facility |
15 | | with respect to the owners license authorized under paragraph |
16 | | (1) of subsection (e-5) of Section 7 of this Act, a privilege |
17 | | tax is imposed on persons engaged in the business of conducting |
18 | | riverboat or casino gambling or electronic gaming operations, |
19 | | other than licensed managers conducting riverboat gambling |
20 | | operations on behalf of the State, based on the adjusted gross |
21 | | receipts received by such licensee from the gambling games |
22 | | authorized under this Act. The privilege tax shall be the |
23 | | average of the privilege tax, in terms of dollar amounts, |
24 | | calculated pursuant to subsection (a-4) and subsection |
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1 | | (a-6). "; and
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2 | | on page 429, by replacing lines 7 through 10 with the |
3 | | following: |
4 | | " (a-5) Beginning on January 1 following the opening of the |
5 | | permanent casino at which gambling operations are conducted |
6 | | pursuant to the Chicago Casino Development Authority Act, a |
7 | | privilege tax is imposed on persons engaged in "; and
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8 | | on page 431, immediately below line 26, by inserting the |
9 | | following: |
10 | | " (a-7) Beginning in the initial adjustment year and through |
11 | | the final adjustment year, if the total obligation imposed |
12 | | pursuant to either subsection (a-5) or (a-6) will result in an |
13 | | owners licensee receiving less after-tax adjusted gross |
14 | | receipts than it received in calendar year 2016, then the total |
15 | | amount of privilege taxes that the owners licensee is required |
16 | | to pay for that calendar year shall be reduced to the extent |
17 | | necessary so that the after-tax adjusted gross receipts in that |
18 | | calendar year equals the after-tax adjusted gross receipts in |
19 | | calendar year 2016, but the privilege tax reduction shall not |
20 | | exceed the annual adjustment cap. If pursuant to this |
21 | | subsection (a-7), the total obligation imposed pursuant to |
22 | | either subsection (a-5) or (a-6) shall be reduced, then the |
23 | | owners licensee shall not receive a refund from the State at |
24 | | the end of the subject calendar year but instead shall be able |
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1 | | to apply that amount as a credit against any payments it owes |
2 | | to the State in the following calendar year to satisfy its |
3 | | total obligation under either subsection (a-5) or (a-6). The |
4 | | credit for the final adjustment year shall occur in the |
5 | | calendar year following the final adjustment year. |
6 | | If an owners licensee that conducted gambling operations |
7 | | prior to January 1, 2017 expands its riverboat or casino, |
8 | | including, but not limited to, with respect to its gaming |
9 | | floor, additional non-gaming amenities such as restaurants, |
10 | | bars, and hotels and other additional facilities, and incurs |
11 | | construction and other costs related to such expansion from the |
12 | | effective date of this amendatory Act of the 100th General |
13 | | Assembly until the 5th anniversary of the effective date of |
14 | | this amendatory Act of the 100th General Assembly, then for |
15 | | each $15,000,000 spent for any such construction or other costs |
16 | | related to expansion paid by the owners licensee, the final |
17 | | adjustment year shall be extended by one year and the annual |
18 | | adjustment cap shall increase by 0.2% of adjusted gross |
19 | | receipts during each calendar year until and including the |
20 | | final adjustment year. No further modifications to the final |
21 | | adjustment year or annual adjustment cap shall be made after |
22 | | $75,000,000 is incurred in construction or other costs related |
23 | | to expansion so that the final adjustment year shall not extend |
24 | | beyond the 9th calendar year after the initial adjustment year, |
25 | | not including the initial adjustment year, and the annual |
26 | | adjustment cap shall not exceed 4% of adjusted gross receipts |
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1 | | in a particular calendar year. Construction and other costs |
2 | | related to expansion shall include all project related costs, |
3 | | including, but not limited to, all hard and soft costs, |
4 | | financing costs, on or off-site ground, road or utility work, |
5 | | cost of gaming equipment and all other personal property, |
6 | | initial fees assessed for each incremental gaming position, and |
7 | | the cost of incremental land acquired for such expansion. Soft |
8 | | costs shall include, but not be limited to, legal fees, |
9 | | architect, engineering and design costs, other consultant |
10 | | costs, insurance cost, permitting costs, and pre-opening costs |
11 | | related to the expansion, including, but not limited to, any of |
12 | | the following: marketing, real estate taxes, personnel, |
13 | | training, travel and out-of-pocket expenses, supply, |
14 | | inventory, and other costs, and any other project related soft |
15 | | costs. |
16 | | Notwithstanding any other provision of this subsection |
17 | | (a-7), this subsection (a-7) does not apply to an owners |
18 | | licensee unless such owners licensee spends at least |
19 | | $15,000,000 on construction and other costs related to its |
20 | | expansion, excluding the initial fees assessed for each |
21 | | incremental gaming position. |
22 | | This subsection (a-7) does not apply to owners licensees
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23 | | authorized pursuant to subsection (e-5) of Section 7 of this
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24 | | Act. |
25 | | For purposes of this subsection (a-7): |
26 | | "Initial adjustment year" means the year commencing on |
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1 | | January 1 of the calendar year immediately following the |
2 | | earlier of the following: |
3 | | (1) the commencement of gambling operations, either in |
4 | | a temporary or permanent facility, with respect to the |
5 | | owners license authorized under paragraph (1) of |
6 | | subsection (e-5) of Section 7 of this Act; or |
7 | | (2) 36 months after the effective date of this |
8 | | amendatory Act of the 100th General Assembly, provided the |
9 | | initial adjustment year shall not commence earlier than 24 |
10 | | months after the effective date of this amendatory Act of |
11 | | the 100th General Assembly. |
12 | | "Final adjustment year" means the 4th calendar year after |
13 | | the initial adjustment year, not including the initial |
14 | | adjustment year, and as may be extended further as described in |
15 | | this subsection (a-7). |
16 | | "After-tax adjusted gross receipts" means, for calendar |
17 | | year 2016, the adjusted
gross receipts less privilege taxes |
18 | | paid to the State and for
subsequent calendar years, the |
19 | | adjusted gross receipts less
privilege taxes paid to the State, |
20 | | then divided by the owners
licensee's average number of gaming |
21 | | positions operating in that
calendar year and then multiplied |
22 | | by the owners licensee's
average number of gaming positions |
23 | | operating in calendar year
2016. |
24 | | "Annual adjustment cap" means 3% of adjusted gross receipts |
25 | | in a particular calendar year, and as may be increased further |
26 | | as otherwise described in this subsection (a-7). "; and
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1 | | on page 453, immediately below line 2, by inserting the |
2 | | following:
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3 | | "(230 ILCS 10/25 new) |
4 | | Sec. 25. Wide area progressive systems. The operation of a |
5 | | wide area progressive system is permitted in gambling |
6 | | operations authorized under this Act subject to the following |
7 | | conditions: |
8 | | (1) The method of communication over the wide area |
9 | | progressive system must consist of dedicated on-line |
10 | | communication lines or the equivalent, as determined by the |
11 | | Administrator, or wireless communication, which may be |
12 | | subject to certain restrictions imposed by the |
13 | | Administrator. |
14 | | (2) All communication between each facility location |
15 | | and the central system site must be encrypted. |
16 | | (3) The central system site must be located within the |
17 | | State of Illinois and be equipped with a non-interruptible |
18 | | power supply and the central computer must be capable of |
19 | | on-line data redundancy should hard disk peripherals fail |
20 | | during operation. The office containing the central |
21 | | computer shall be equipped with a surveillance system that |
22 | | has been approved by the Administrator. The wide area |
23 | | progressive system provider shall be required to keep and |
24 | | maintain an entry and exit log for the office containing |
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1 | | the central computer. The wide area progressive system |
2 | | provider shall provide access to the office containing the |
3 | | central computer to the Administrator and shall make |
4 | | available to the Administrator all books, records, and |
5 | | information required by the Administrator in fulfilling |
6 | | his or her regulatory purpose. |
7 | | (4) A wide area progressive system provider must |
8 | | suspend play on the wide area progressive system if a |
9 | | communication failure of the system cannot be corrected |
10 | | within 24 consecutive hours. |
11 | | (5) Approval by the Board of any wide area progressive |
12 | | system shall occur only after the Administrator has |
13 | | reviewed the wide area progressive system software and |
14 | | hardware and is satisfied that the operation of the system |
15 | | meets accepted industry standards for wide area |
16 | | progressive system products, as well as any other |
17 | | requirements that the Administrator may impose to ensure |
18 | | the integrity, security, and legal operation of the wide |
19 | | area progressive system. |
20 | | (6) A meter that shows the amount of the common |
21 | | progressive jackpot must be conspicuously displayed at or |
22 | | near the machines to which the jackpot applies. The common |
23 | | progressive jackpot meter need not precisely show the |
24 | | actual moneys in the common progressive jackpot award at |
25 | | each instant. Nothing shall prohibit the use of an odometer |
26 | | or other paced updating progressive display to show updates |
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1 | | to the jackpot. When a paced updating display is used and |
2 | | the remote site is communicating to the central computer, |
3 | | the common progressive jackpot meter must display the |
4 | | winning value after the jackpot broadcast is received from |
5 | | the central system. If a common progressive jackpot is |
6 | | recognized in the middle of a systemwide poll cycle, the |
7 | | common progressive jackpot display may contain a value less |
8 | | than the aggregated amount calculated by the central |
9 | | system. The fund values from the remaining portion of the |
10 | | poll cycle shall be received by the central system, but not |
11 | | the local site, in which case the common progressive |
12 | | jackpot amount paid shall always be the higher of the 2 |
13 | | reporting amounts. |
14 | | (7) When a common progressive jackpot is won, the wide |
15 | | area progressive system provider shall have the |
16 | | opportunity to inspect the machine, storage media, the |
17 | | error events received by the central system, and any other |
18 | | data which could reasonably be used to ascertain the |
19 | | validity of the jackpot. |
20 | | (A) The central system shall produce reports that |
21 | | clearly demonstrate the method of arriving at the |
22 | | payoff amount. This shall include the funds |
23 | | contributed beginning with the polling cycle |
24 | | immediately following the previous jackpot and all |
25 | | funds contributed up to and including the polling cycle |
26 | | that includes the jackpot signal. Funds contributed to |
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1 | | and registered by the system before the jackpot message |
2 | | is received shall be deemed to have been contributed to |
3 | | the progressive amount prior to the current jackpot. |
4 | | Funds contributed to the system subsequent to the |
5 | | jackpot message's being received, as well as funds |
6 | | contributed to the system before the jackpot message is |
7 | | received by the system but registered after the jackpot |
8 | | message is received at the system, shall be deemed to |
9 | | have been contributed to the progressive amount of the |
10 | | next jackpot. |
11 | | (B) The common progressive jackpot may be |
12 | | disbursed in periodic payments as long as each machine |
13 | | clearly displays the fact that the jackpot shall be |
14 | | paid in such periodic payments. In addition, the number |
15 | | of periodic payments and time between payments must be |
16 | | clearly displayed on the slot machine in a |
17 | | non-misleading manner. |
18 | | (C) A wide area progressive system provider must, |
19 | | upon request, supply to the Board reports that support |
20 | | and verify the economic activity of the system. |
21 | | (8) In calculating adjusted gross revenue, a facility |
22 | | may deduct its pro rata share of the present value of any |
23 | | common progressive jackpots awarded. The deduction shall |
24 | | be listed on the detailed accounting records provided by |
25 | | the wide area progressive system provider. A facility's pro |
26 | | rata share is based on the number of funds in from that |
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1 | | facility's machines on the wide area progressive system, |
2 | | compared to the total amount of funds in on the whole |
3 | | system for the time period between jackpots awarded. |
4 | | (9) In the event a facility ceases operations and a |
5 | | progressive jackpot is awarded subsequent to the last day |
6 | | of the final month of operation, the facility may not file |
7 | | an amended wagering tax submission or make a claim for a |
8 | | wagering tax refund based on its contributions to that |
9 | | particular progressive prize pool. |
10 | | (10) A facility, or an entity that is licensed as a |
11 | | manufacturer or distributor, shall provide the wide area |
12 | | progressive system in accordance with a written agreement |
13 | | that shall be reviewed and approved by the Board prior to |
14 | | offering the jackpots. |
15 | | (11) The payment of any common progressive jackpot |
16 | | offered on a wide area progressive system shall be |
17 | | administered by the wide area progressive system provider, |
18 | | and the provider shall have primary liability for payment |
19 | | of any common progressive jackpot the person administers. |
20 | | (12) A wide area progressive system provider shall |
21 | | comply with the following: |
22 | | (A) A reserve shall be established and maintained |
23 | | by the provider of the wide area progressive system in |
24 | | an amount of not less than the sum of the following |
25 | | amounts: |
26 | | (i) the present value of the aggregate |
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1 | | remaining balances owed on all jackpots previously |
2 | | won by patrons on the wide area progressive system; |
3 | | (ii) the present value of the amount currently |
4 | | reflected on the jackpot meters of the wide area |
5 | | progressive system; and |
6 | | (iii) the present value of one additional |
7 | | reset of the wide area progressive system. |
8 | | (B) The reserve shall continue to be maintained |
9 | | until all payments owed to winners of the common |
10 | | progressive jackpots have been made. |
11 | | (C) For common progressive jackpots disbursed in |
12 | | periodic payments, any qualified investment shall be |
13 | | purchased within 90 days following notice of the win of |
14 | | the common progressive jackpot, and a copy of such |
15 | | qualified investment shall be provided to the Board |
16 | | within 30 days of purchase. Any qualified investment |
17 | | shall have a surrender value at maturity and shall have |
18 | | a maturity date prior to the date the periodic jackpot |
19 | | payment is required to be made. |
20 | | (D) The person authorized to provide the wide area |
21 | | progressive system shall not be permitted to sell, |
22 | | trade, or otherwise dispose of any qualified |
23 | | investments prior to their maturity unless approval to |
24 | | do so is first obtained from the Board. |
25 | | (E) Upon becoming aware of an event of |
26 | | noncompliance with the terms of the reserve |
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1 | | requirement mandated by subparagraph (A) in this |
2 | | paragraph (12), the wide area progressive system |
3 | | provider must immediately notify the Board of such |
4 | | event. An event of noncompliance includes a |
5 | | non-payment of a jackpot periodic payment or a |
6 | | circumstance which may cause the wide area progressive |
7 | | system provider to be unable to fulfill, or which may |
8 | | otherwise impair the person's ability to satisfy, the |
9 | | person's jackpot payment obligations. |
10 | | (F) On a quarterly basis, the wide area progressive |
11 | | system provider must deliver to the Board a calculation |
12 | | of system reserves required under subparagraph (A) in |
13 | | this paragraph (12). The calculation shall come with a |
14 | | certification of financial compliance signed by a duly |
15 | | authorized financial officer of the wide area |
16 | | progressive system provider, on a form prescribed by |
17 | | the Board, validating the calculation. |
18 | | (13) For common progressive jackpots disbursed in |
19 | | periodic payments, subsequent to the date of the win, a |
20 | | winner may be offered the option to receive, in lieu of |
21 | | periodic payments, a discounted single cash payment in the |
22 | | form of a qualified prize option, as that term is defined |
23 | | in Section 451(h) of the Internal Revenue Code of 1986. The |
24 | | wide area progressive system provider shall calculate the |
25 | | single cash payment based on the discount rate. Until the |
26 | | new discount rate becomes effective, the discount rate |
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1 | | selected by the wide area progressive system provider shall |
2 | | be used to calculate the single cash payment for all |
3 | | qualified prizes that occur subsequent to the date of the |
4 | | selected discount rate. "; and
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5 | | on page 453, line 4, after "5,", by inserting "20,"; and
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6 | | on page 453, line 4, after "80", by inserting "and by adding |
7 | | Section 90"; and
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8 | | on page 457, immediately below line 5, by inserting the |
9 | | following:
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10 | | "(230 ILCS 40/20)
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11 | | Sec. 20. Direct dispensing of receipt tickets only. A video |
12 | | gaming
terminal may not
directly dispense coins, cash, tokens, |
13 | | or any other article of exchange or
value except for receipt |
14 | | tickets. Tickets shall be dispensed by
pressing the ticket |
15 | | dispensing button on the video gaming terminal at the end
of |
16 | | one's turn or play. The ticket shall indicate the total amount |
17 | | of credits
and the cash award, the time of day in a 24-hour |
18 | | format showing hours and
minutes, the date, the
terminal serial |
19 | | number, the sequential number of the ticket, and an encrypted
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20 | | validation number from which the validity of the prize may be |
21 | | determined.
The player shall turn in this ticket to the |
22 | | appropriate
person at the licensed establishment, licensed |
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1 | | truck stop establishment, licensed fraternal establishment,
or
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2 | | licensed veterans establishment
to receive the cash award. The |
3 | | cost
of the credit shall be one cent, 5 cents, 10 cents, or 25 |
4 | | cents, and the maximum
wager played per hand shall not exceed |
5 | | $4 $2 .
No cash award for the maximum wager on any
individual |
6 | | hand shall exceed $1,199, except in the case of a wide area |
7 | | progressive system, as defined in the Illinois Gambling Act, |
8 | | which shall have no limits for cash awards $500 .
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9 | | (Source: P.A. 96-34, eff. 7-13-09; 96-1410, eff. 7-30-10.)"; |
10 | | and
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11 | | on page 468, immediately below line 25, by inserting the |
12 | | following:
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13 | | "(230 ILCS 40/90 new) |
14 | | Sec. 90. Wide area progressive systems. The operation of a |
15 | | wide area progressive system, as defined in the Illinois |
16 | | Gambling Act, is permitted, subject to the provisions of the |
17 | | Illinois Gambling Act, and the following conditions: |
18 | | (1) Licensed terminal operators and manufacturer or |
19 | | supplier licensees may operate one or more wide area |
20 | | progressive systems in licensed establishments, licensed |
21 | | truck stop establishments, licensed veterans |
22 | | establishments, and licensed fraternal establishments. A |
23 | | designated portion of a player's wager may be allocated to |
24 | | the jackpot. The jackpot may be awarded to a player on any |
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1 | | of the video gaming terminals that are linked to the wide |
2 | | area progressive system. |
3 | | (2) A wide area progressive system shall at all times |
4 | | be installed and operated in accordance with relevant |
5 | | requirements of this Act and technical standards of wide |
6 | | area progressive systems. |
7 | | (3) A wide area progressive system shall be operated |
8 | | and administered by participating licensees in accordance |
9 | | with the terms and conditions of a written approved policy, |
10 | | which must be submitted in writing and approved by the |
11 | | Board prior to implementation and must comply with this Act |
12 | | and technical standards of wide area progressive systems. |
13 | | (4) Approved policies must address: |
14 | | (A) responsibility for the funding and payment of |
15 | | all jackpots, fees, and taxes associated with the |
16 | | operation of the wide area progressive system; |
17 | | (B) control and operation of the computer |
18 | | monitoring room required under paragraph (5); and |
19 | | (C) other requirements in the technical standards |
20 | | on wide area progressive systems. |
21 | | (5) A wide area progressive system shall be controlled |
22 | | and operated from a computer monitoring room. The computer |
23 | | monitoring room must: |
24 | | (A) be under the sole possession and control of, |
25 | | and maintained and operated by, employees of the |
26 | | licensee designated in the approved policy for that |
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1 | | system; the employees of the licensee may be required |
2 | | to obtain a terminal handler license if the Board |
3 | | determines, after a review of the work being performed, |
4 | | the employees require a license or permit for the |
5 | | protection of the integrity of gaming; |
6 | | (B) have its monitoring equipment subjected to |
7 | | surveillance coverage either by the surveillance |
8 | | system of a licensee or by a dedicated surveillance |
9 | | system maintained by the terminal operator; |
10 | | (C) be accessible through a locked door; the door |
11 | | must be alarmed in a manner that audibly signals the |
12 | | surveillance monitoring room for the surveillance |
13 | | system elected under subparagraph (B) of this |
14 | | paragraph (5); and |
15 | | (D) have a computer monitoring room entry log. |
16 | | This Section shall not be construed to impact the maximum |
17 | | wager as set forth in this Act. ".
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