804 KAR 5:050. Gambling stamps

      Section 1. (1) No person, firm or corporation shall become a licensee under KRS 243.020 to 243.670 who is the owner of a fifty (50) dollar federal gambling stamp or a $250 federal stamp for gambling devices.

      (2) No person, firm or corporation shall become a licensee under KRS 243.020 to 243.670 who possesses, maintains or permits any machine or device on the proposed licensed premises for which a fifty (50) dollar federal gambling stamp or a $250 federal stamp for gambling devices has been obtained.

      (3) For renewal of licenses issued under KRS 243.020 to 243.670, each licensee shall certify under oath that he does not own a fifty (50) dollar federal gambling stamp or a $250 federal stamp for gambling devices and that no machine or device is located, possessed or maintained on the licensed premises for which federal stamp for gambling devices has been purchased.

      (4) Any person, firm or corporation who is a licensee of this office and who owns a federal gambling stamp, or who possesses, maintains or permits a machine or device on the licensed premises that has purchased for it a federal stamp for gambling devices shall be considered in violation of this administrative regulation. (ABC 4:60; 1 Ky.R. 842; eff. 5-14-75; TAm eff. 8-9-2007.)

Notation

      RELATES TO: KRS 243.500(7)

      STATUTORY AUTHORITY: KRS 241.060

      NECESSITY, FUNCTION, AND CONFORMITY: The express provisions of KRS 243.500(7) prohibit gambling of any type upon the licensed premises. Since federal regulations require the purchase of a stamp by persons engaged in gambling enterprises and gambling equipment, this administrative regulation requires any licensee or applicant to state upon their application or renewal form whether or not they possess such gambling stamps. No person or corporation holding such a federal stamp shall be granted a license by this office.