Licenses - revocable - nontransferable

Colo. Rev. Stat. § 44-30-503, under Revenue - Regulation of Activities.

Colo. Rev. Stat. § 44-30-503

Every license issued pursuant to this article 30 is revocable and nontransferable. No licensee acquires any vested interest or property right in a license. The gaming licenses issued pursuant to this article 30 are only for the particular location initially authorized. The revocable privilege for any license issued or other approval granted is conditioned upon the proper and continuing qualification of the licensee or registrant and upon the discharge of the affirmative responsibility of each licensee or registrant to provide to the regulatory, investigatory, and law enforcement authorities any assistance and information necessary to assure that the policies and requirements of this article 30 are achieved.

Source: L. 2018: Entire article added with relocations, (SB 18-034), ch. 14, p. 186, � 2, effective October 1.

Editor's note: This section is similar to former � 12-47.1-504 as it existed prior to 2018.

44-30-504. Operator, slot machine manufacturer or distributor, associated equipment supplier, key employee, support licensee, or retailer - qualifications for licensure. Before obtaining a license as an operator, slot machine manufacturer or distributor, associated equipment supplier, key employee, support licensee, or retailer, in addition to meeting other requirements of this article 30 or rules of the commission, an applicant must show that he or she is of good moral character. An applicant has the burden of proving his or her qualifications to the satisfaction of the commission. The applicant must submit to and pay for background investigations the commission may order. All payments shall be deposited into the limited gaming fund created in section 44-30-701.

Source: L. 2018: Entire article added with relocations, (SB 18-034), ch. 14, p. 186, � 2, effective October 1.

Editor's note: This section is similar to former � 12-47.1-505 as it existed prior to 2018.