R 432.727 Renewal of a license.

Rule 727. (1) A sports betting operator or sports betting supplier license when issued is valid for a 5-year period. (2) A sports betting operator or sports betting supplier licensee may renew its license every 5 years after receiving its initial license. (3) A sports betting operator or sports betting supplier licensee intending to renew its license must, at least 30 days before expiration of its license, submit the annual license renewal fee and application in the manner and form required by the board. (4) If the board denies the application for renewal, it shall direct the executive director to issue the licensee a notice of nonrenewal. (5) A sports betting operator or sports betting supplier licensee who is served with a notice of nonrenewal under this rule may request a contested case hearing as set forth in these rules. (6) The notice of nonrenewal is a finding that the sports betting operator or sports betting supplier licensee is ineligible or unsuitable for licensure or is otherwise in violation of the licensing requirements of the act or these rules. When the board denies an application for renewal, the person is prohibited from conducting business that would otherwise require licensure.