Surrender of License

(1) Upon cessation, a Sports Wagering Operator shall surrender its Sports Wagering License to the Commission, at which time the Sports Wagering License shall be deemed to have expired, except to the extent any obligations of the Sports Wagering Operator to the Commonwealth, the Commission, vendors, or patrons thereunder are deemed to survive. (2) Within ten days of a Sports Wagering Operator's surrender of its Sports Wagering Operator License, all persons and entities possessing an Occupational License, Sports Wagering Vendor License, Tethered Category 3 License, or other license in connection with the affected Sports Wagering License only, and no other Sports Wagering License, shall surrender their license to the Commission, at which time the license shall be deemed to have lapsed. (3) A Sports Wagering Operator shall maintain records sufficient to enable the Commission to conduct audits for a period of seven years following the effective date of cessation.