Game 5.06(6)(d)
(d) The financial ability of the applicant to develop, own, and operate a pari-mutuel facility successfully, including:
Game 5.06(6)(d)5.
5. Sources of equity and debt funds, amounts, terms and conditions, and certainty of commitment.
Game 5.06(6)(d)6.
6. Provisions for cost overruns, non-receipt of expected equity or debt funds, failure to achieve projected revenues or other financial adversity.
Game 5.06(6)(e)
(e) The status of governmental actions required by the applicant's facility, including:
Game 5.06(6)(e)3.
3. Required governmental approvals for development, ownership and operation of the facility.
Game 5.06(6)(e)4.
4. Acceptance of any required environmental assessment and preparation of any required environmental impact statement.
Game 5.06(6)(f)1.
1. Qualifications of managers, consultants, and other contractors to develop, own, or operate a pari-mutuel facility.
Game 5.06(6)(g)
(g) Whether applicant is also a licensee or applicant for a license under s.
562.05 (1) (b), Stats., to manage and sponsor races at the facility for which the applicant seeks a license under s.
562.05 (1) (a), Stats., and if not, whether the applicant has a valid agreement for the sponsorship and management of races with another person who is licensed or an applicant for a license under s.
562.05 (1) (b), Stats., for that facility.
Game 5.06(6)(h)
(h) For purposes of determining whether any applicant is attempting to circumvent the prohibition against holding more than one license issued under s.
562.05 (1) (a), Stats.:
Game 5.06(6)(h)1.
1. Whether the applicant or any of the applicant's officers or directors, or any holder of 5% or more of the ownership interest in the applicant is also an applicant for a license under s.
562.05 (1) (a), Stats., for any other location in this state.
Game 5.06(6)(h)2.
2. Whether any entity in which the applicant or any of the applicant's officers or directors, or any holder of 5% or more of the ownership interest in the applicant, has an ownership interest of more than 5%, is also an applicant for a license under s.
562.05 (1) (a), Stats., for any other location in this state.
Game 5.06(6)(h)3.
3. Whether any entity which is a parent corporation of any holder of 5% or more of the ownership interest in the applicant is also an applicant, for a license under s.
562.05 (1) (a), Stats., for any other location in this state.
Game 5.06(6)(i)
(i) The compliance with applicable statutes, charters, ordinances or regulations.
Game 5.06(6)(j)
(j) The efforts to promote, develop and improve the racing industry in Wisconsin and educate the public with respect to pari-mutuel wagering.
Game 5.06(6)(k)1.
1. Employment created, purchases of goods and services, public and private investment and taxes generated.
Game 5.06(6)(k)5.
5. Any other indices related to the impact of the proposed facility which the division considers important or relevant to its determination and which are not inconsistent with s.
562.05 (2m) and
(3wmr), Stats., as long as the same indices are considered with regard to all applicants.
Game 5.06(6)(L)
(L) The extent of public support or opposition to racing and pari-mutuel wagering at the location sought to be licensed.
Game 5.06(6)(m)2.
2. Minimum and optimum number of racing days sought by the applicant.
Game 5.06(6)(m)3.
3. Any other indices relating to competitive effect which the division considers important or relevant to its determination and which are not inconsistent with s.
562.05 (2m) and
(3wmr), Stats., as long as the same indices are considered with regard to all applicants.
Game 5.06(6)(n)
(n) The division may consider any other information which the division considers important or relevant to a proper determination by the division.
Game 5.06 History
History: Cr.
Register, May, 1990, No. 413, eff. 6-1-90.
Game 5.07
Game 5.07 Sponsorship and management licensing criteria. The division may issue a license under s.
562.05 (1) (b), Stats., if the division determines that the applicant meets all the requirements of
ch. 562, Stats., and that on the basis of all facts before it:
Game 5.07(1)
(1) The applicant is fit to sponsor and manage racing.
Game 5.07(2)
(2) The race track will be operated in accordance with all applicable laws and rules.
Game 5.07(3)
(3) Issuance of a license will not adversely affect the public health, safety and welfare.
Game 5.07(4)
(4) In making the required determinations before licensure under s.
562.05 (1) (b), Stats., the division shall consider the following criteria and any other indices which it considers important or relevant to its determination of whether an applicant is qualified to hold a license under s.
562.05 (1) (b), Stats., as long as the same indices are considered with regard to all applicants, including without limitation the following:
Game 5.07(4)(a)
(a) The integrity of the applicant, its partners, directors, officers, policymakers, managers, owners, directly or indirectly, of any equity security, or other ownership interest in the applicant, including:
Game 5.07(4)(a)2.
2. Whether a party to litigation over business practices, disciplinary actions over a business license or permit or refusal to renew a license or permit, proceedings in which unfair labor practices, discrimination, or government regulation of pari-mutuel wagering was an issue or bankruptcy proceedings.
Game 5.07(4)(b)
(b) The types and variety of pari-mutuel horse or greyhound racing which applicant seeks to offer.
Game 5.07(4)(c)
(c) The quality of physical improvements and equipment proposed or existing applicant will use, including:
Game 5.07(4)(c)11.
11. Starting, timing, photo finish, and photo-patrol or video equipment.
Game 5.07(4)(d)
(d) Financial ability to sponsor and manage pari-mutuel racing successfully, including:
Game 5.07(4)(d)2.
2. Terms and conditions of applicant's authorization to use facility.
Game 5.07(4)(d)4.
4. Sources of equity and debt funds, amounts, terms and conditions, and certainty of commitment.
