93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB6569


 
Introduced 2/6/2004, by Robert S. Molaro
 
SYNOPSIS AS INTRODUCED:
 		













230 ILCS 5/34.2 new










    Amends the Horse Racing Act of 1975.
Provides that if  2 or more organization licensees integrated into a single
integrated organization licensee after January 1, 2000, then the integrated organization
licensee shall be entitled to the same number of inter-track wagering licenses and inter-track wagering location licenses and the same recapture payments as the pre-integration organization licensees would have been able to obtain if they had not integrated.
Effective immediately.
















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FISCAL NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











HB6569

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    AN ACT in relation to gaming. 

 
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    Be it enacted by the People of the State of Illinois, 
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represented in the General Assembly: 


 
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    Section 5. The Illinois Horse Racing Act of 1975 is amended 
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by adding
Section 34.2 as
follows:


 
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    (230 ILCS 5/34.2 new)

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    Sec. 34.2. Racetrack integration. 
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    (a) Notwithstanding any provision of this Act
to the 
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contrary, if, after January 1, 2000, 2 or more existing 
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organization licensees which, prior to January 1, 2000, 
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operated at race tracks located within 5 miles of each other 
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and held inter-track wagering location licenses on January 1, 
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2000, integrate into a single organization licensee or 
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otherwise form a joint venture, corporation, limited liability 
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company, or similar integrated enterprise (integrated 
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organization licensee) whereby the integrated organization 
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licensee makes application or joint application, as the case 
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may be, as a single organization licensee, or the existing 
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licensees, after integration, make separate applications in 
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the names of the pre-existing licensees, the newly integrated 
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organization license or each separate pre-existing licensee 
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shall thereafter have the right to retain all of the 
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inter-track wagering licenses and inter-track wagering 
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location licenses of the individual pre-integration 
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organization licensees that existed before the integration and 
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the authority to obtain the number of inter-track wagering 
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location licenses that then or thereafter would have been 
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available to the pre-integration race tracks if they had not 
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integrated, notwithstanding the sale or non-use of one of the 
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racetracks to which the inter-track wagering licenses and 
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inter-track wagering location licenses were originally issued.

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    (b) If the on track and inter-track pari-mutuel wagering 
 


 






HB6569
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handle of any  integrated organization license, or separate 
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licensee that is a member of an integrated organization, was 
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included in the amount the Board certified for recapture under 
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Section 26(g)(13) of this Act in the year 2001 or thereafter 
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based on the licensee's pari-mutuel handle for any year 
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beginning after December 31, 1999, the licensee's right to 
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recapture, in the event the licensee conducts racing at a race 
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track other than the race track at which it conducted racing in 
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1994, but within the 5 mile radius referred to in subsection 
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(a), shall remain in full force and effect and the amount of 
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its recapture payment shall be computed on the difference 
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between its handle at its previous location in 1994 and its 
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handle in the year for which recapture is sought.  The recapture 
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amount shall be based upon the licensee's handle on live 
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racing, inter-track wagering, and inter-track location 
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wagering.  This subsection (b) is declarative of existing law.


 
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    Section 99. Effective date. This Act takes effect upon 
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becoming law.