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MD SB557
Bill
Status
Engrossed
3/19/2026
Primary Sponsor
Pamela Beidle
Click for details
AI Summary
- Excludes beneficial or proprietary interests of 15% or less from the definition of "own" for video lottery facilities and sports wagering licensees, provided the interest confers no voting rights
- Allows such interests to be held directly by a person or in trust, as long as the trustee does not exercise voting rights or control over the applicant or licensee
- Requires applicants or licensees to submit written notice and certification to the Commission confirming the interest holder is not disqualified for a video lottery employee license before any transfer or issuance
- Mandates state and national criminal history records checks, including fingerprint submission, for persons holding these excluded interests
- Takes effect October 1, 2026
Legislative Description
Gaming - Definition of "Own" - Alterations
Rules and Regulations
Last Action
Hearing 4/02 at 1:00 p.m.
3/25/2026
Committee Referrals
Ways and Means3/20/2026
Budget and Taxation2/4/2026
Full Bill Text
No bill text available