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“Principal contains somebody who is utilized in a very managerial potential for the sports betting platform on behalf of a allow holder and for your reasons of the definition, “used within a managerial ability” suggests the Chief Government Officer of the permit holder and, if applicable, its athletics betting System provider, and any person who has supreme responsibility for your Procedure from the sports activities betting platform in Virginia.
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“Principal” means a person who, exclusively or together with the individual’s speedy members of the family, (i) owns or controls, right or indirectly, five % or even more with the pecuniary fascination within an entity That could be a permit holder, or (ii) has the power to vote or lead to the vote of 5 % or more of the voting securities or other possession of these types of entity.
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