Upon receipt of an application satisfactory in form and content to the commission, the commission may grant an initial license or a temporary license for a term of days during the current racing year during which the applicant may conduct quarter horse racing with pari-mutuel wagering. Such license shall specify the place where and the hours of the day or night during which racing and pari-mutuel wagering shall be held.
N.Y. Comp. Codes R. & Regs. Tit. 9 § 4204.4