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regulatory and economic costs associated with slot machine | | operations. In addition, the Commissioner of Administration and | | Financial Services is permitted to award "impact fees" to off-track | | betting and high-stakes beano operators that demonstrate adverse | | effects on their businesses as a direct result of the introduction | | of slot machine operations. |
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| | | Part A restricts the number of slot machines to that required | | to maintain the vitality of Maine's harness horse racing | | industry, as determined by the Gambling Control Board. The | | number is limited to 1,500 slot machines at any one location and | | 3,000 slot machines statewide. The bill requires slot machine | | operators to continue harness horse racing for the term of their | | licenses. |
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| | | Part A establishes a minimum payback percentage of 90%. A | | person under 21 years of age is prohibited from playing a slot | | machine. |
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| | | Part A further specifies that slot machines and associated | | equipment, as those terms are defined, are exempt from inclusion | | in the Business Equipment Tax Reimbursement program established | | in Title 36, chapter 915. |
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| | | Part B of this bill makes the changes necessary to the | | initiated bill and to extinguish any rights that may have arisen | | under Initiated Bill 2003, chapter 1 retroactive to January 3, | | 2004, the effective date of the initiated bill. |
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