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2015 SESSION

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HB 1934 Virginia Racing Commission; revoke.

Introduced by: C. Todd Gilbert | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Virginia Racing Commission (VRC); powers. Requires the Virginia Racing Commission (VRC) to revoke the advance deposit account wagering license of any licensee that has, on or before January 1, 2015, violated any law relating to horse racing or VRC regulations. The bill contains an emergency clause.

SUMMARY AS INTRODUCED:

Virginia Racing Commission (VRC); powers. Adds a definition of recognized majority horsemen's group to clarify that the VRC determines which organizations represent horse owners and trainers at race meets; reduces and reallocates the source market fee paid by online wagering companies (account wagering) licensed by the VRC, with four percent formerly payable to Colonial Downs going to a nonprofit industry stakeholder organization for specified and VRC-approved purposes; and requires the VRC to revoke the advance deposit account wagering license of any licensee that has, on or before January 1, 2015, violated any law relating to horse racing or VRC regulations. The bill contains an emergency clause and contains technical amendments.