January 3, 2014

 

 

 

BDI News: Weekly Tips

 

Our emails are intended to keep you abreast of pertinent industry news and offer more in-depth insight into various coverage.  We also will periodically issue "special editions" when important information becomes available between regularly scheduled newsletters.  We hope you enjoy them.

 

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Illinois Gaming Licensees: Stay In Compliance

 

When Illinois passed and slowly rolled out legalized gaming machines about a year ago the rules and regulations, or rumors about them, seemed to change on a weekly basis.  Now that things are up and running, the key to continued income is as simple as the prompt filing of your renewal paperwork.

 

One piece of the compliance puzzle that has the potential to go overlooked involves the US Department of Justice and the Gambling Devices Act of 1962 (which modified an older gaming bill called the Johnson Act), which requires:

 

"registration by any person or entity engaged in the business of manufacturing, repairing, reconditioning, buying, selling, leasing, using or making available for use by others any gambling device..."

 

Although registration with the DOJ is required if you have gaming devices, it's not something the Illinois Gaming Board is actively checking for. So the potential exists for a licensee to miss their annual registration with the DOJ, only to have the IGB, or the DOJ, decide to start cracking down on it later.  Better to be safe than sorry when it comes to your video gaming license.

 

The DOJ offers a cheat sheet of tips on getting your annual registration through expediently. The form for registration is available on their website. It is a very basic, two page document that will only take a couple of minutes to complete. They also attempt to tackle some of the more frequently asked questions.

 

Have you had problems registering with the Department of Justice?  Ever heard of the IGB actually checking for DOJ registration when issuing or renewing your gaming license?  Please share on our Facebook page.  We want to hear from you.

 

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Sincerely,

 


Bret Dixon Insurance