B. Each applicant for a management services provider license shall meet all requirements for licensure and pay a nonrefundable license and application fee as prescribed by section 5-1310. The department may adopt rules establishing additional requirements for a management services provider. The department may accept a license issued by another jurisdiction that the department determines to have similar licensure requirements as evidence the applicant meets management services provider licensure requirements. The department shall deposit, pursuant to sections 35-146 and 35-147, the fees collected from licensees under this subsection in the event wagering fund established by section 5-1318.
C. Management services provider licenses shall be renewed every two years to licensees who continue to be in compliance with all requirements and who pay the renewal fee.