Section 230-06-120 - Selling or transferring gambling or sports wagering equipment when no longer licensed(1) If we have revoked your operator, distributor, or sports wagering vendor license, your license has expired, or you have voluntarily surrendered your license, you may only sell or otherwise transfer gambling or sports wagering equipment to a licensed manufacturer, distributor, or sports wagering vendor, as applicable, and consistent with all laws and rules, including WAC 230-06-110.(2) Transfers of gambling or sports wagering equipment in this manner are subject to the following requirements: (a) The transfer must be complete within thirty days of the date the license became invalid; and(b) Distributors must use the cash or credit against amounts they owe manufacturers; and(c) Operators, distributors, or sports wagering vendors selling the equipment must report to us within ten days of the transaction a complete inventory of all the equipment transferred, including commission I.D. stamps; and(d) Manufacturers, distributors, or sports wagering vendors receiving the equipment must prepare a credit memorandum and retain it with their records.Wash. Admin. Code § 230-06-120
Amended by WSR 21-16-072, Filed 7/30/2021, effective 8/30/2021Statutory Authority: RCW 9.46.070. 07-21-116 (Order 617), § 230-06-120, filed 10/22/07, effective 1/1/08; 06-17-132 (Order 601), § 230-06-120, filed 8/22/06, effective 1/1/08.