Video Lottery Business definition

Video Lottery Business means any business involving the provision of any or all of the following: (i) interactive electronic gaming devices (including so called “video lottery terminals” and “slot machines”) which are activated by the player by the insertion of a coin or other consideration constituting the player’s wager and which display the play and outcome of a game of chance (such as “five card draw” poker, “Blackjack,” or “21” and simulated spinning reels with fruit and bars) upon such player-activation using microprocessors and video display; (ii) central processing systems used in connection with the operation of interactive gaming devices described in clause (i); and (iii) any services related thereto.
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Examples of Video Lottery Business in a sentence

  • The Company and the Company Subsidiaries have taken all commercially reasonable actions consistent with standards in the Video Lottery Business in order to minimize any losses incurred by the Games as a result of Fraud (“Fraud Losses”).

  • The Concorde Assets include all rights and property necessary to the conduct of the Video Lottery Business by North Star in the manner it is presently conducted by Concorde and no Concorde Excluded Asset hereunder constitutes property or rights material to the Video Lottery Business.

  • Except as set forth on the Disclosure Schedules, since the Interim Date, Concorde has conducted the Video Lottery Business in the ordinary course of business and in substantially the same manner as it was conducted prior to the Interim Date and there have been no material adverse changes in the business, condition (financial or otherwise) or results of the Video Lottery Business' operations.

  • The accruals for Taxes contained in the Concorde Interim Balance Sheet are adequate to cover the tax liabilities of Concorde with respect to the Video Lottery Business as of that date and include adequate provision for all deferred taxes, and nothing has occurred subsequent to that date to make any of such accruals inadequate.

  • Concorde is not a party to any indenture, agreement, contract, commitment, lease, plan, license, permit, authorization or other instrument, document or understanding, oral or written, or subject to any charter or other corporate restriction or any judgment, order, writ, injunction, decree or award which Materially Adversely Affects or materially restricts the business, operations, assets, properties, prospects or condition (financial or otherwise) of the Video Lottery Business as presently conducted.

  • The accounts receivable of Concorde arising from the Video Lottery Business are valid and genuine; have arisen solely out of bona fide sales and deliveries of goods, performance of services and other business transactions in the ordinary course of business consistent with past practice; are not subject to valid defenses, set-offs or counterclaims; and are collectible within the normal course of business consistent with past practices at the full recorded amount thereof.

  • Concorde is not a party to or subject to the provisions of any judgment, order, writ, injunction, decree or award of any court, arbitrator or governmental or regulatory official, body or authority which may have a Material Adverse Affect on the Video Lottery Business or the Concorde Assets.

  • Concorde has not received any notice of assessment or proposed assessment in connection with any Tax Returns and there are not pending tax examinations of or tax claims asserted against Concorde with respect to the Concorde Assets or the Video Lottery Business.

  • No shareholder, director, officer, employee or former employee of Concorde or any affiliates of Concorde, or any other person, firm or corporation owns or has any proprietary, financial or other interest (direct or indirect) in any Authorization which Concorde owns, possesses or uses in the operation of the Video Lottery Business as now or previously conducted.

  • The books, records and accounts of Concorde maintained with respect to the Video Lottery Business accurately and fairly reflect, in reasonable detail, the transactions and the assets and liabilities of Concorde with respect to the Video Lottery Business.

Related to Video Lottery Business

  • Licensed Business means the activities connected with the conveyance of

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • food business means any undertaking, whether for profit or not and whether public or private, carrying out any of the activities related to any stage of production, processing and distribution of food;

  • Supply Business means the licensed business of the Licensee and anyaffiliate or related undertaking of the Licensee as a Supplier but shall not include the business carried out by the Board in its capacity as public electricity supplier;

  • Company Business means the business of the Company and its Subsidiaries as presently conducted.

  • Cannabis business means any business activity involving cannabis, including but not limited to cultivating, transporting, distributing, manufacturing, compounding, converting, processing, preparing, storing, packaging, delivering, testing, dispensing, retailing and wholesaling of cannabis, of cannabis products or of ancillary products and accessories, whether or not carried on for gain or profit.

  • food business operator means the natural or legal persons responsible for ensuring that the requirements of food law are met within the food business under their control;

  • Subject Business means the policy or policies that are the subject of the Insurance Business Transfer Plan.

  • Video lottery terminal sales agent means a lottery sales agent licensed under Chapter 3770. of the ORC to conduct video lottery terminals on behalf of the state pursuant to Section 3770.21 of the ORC.

  • the Business means the usual work and activities carried on by the Insured pertaining to his business as specified in the Schedule and no others.

  • Game has the meaning ascribed to that term in the Control Act;

  • Minority Business means a business:

  • Micro Business means a company which either:

  • Parent Business shall have the meaning set forth in the Separation and Distribution Agreement.

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which —

  • Relevant Business means any business or part thereof howsoever carried on involving the supply of Restricted Goods and/or Services;

  • Generation Business means the licensed business (if any) of the Licenseeand any affiliate or related undertaking of the Licensee in the generation of electricity or the provision of Ancillary Services;

  • Private Business Use means use (directly or indirectly) in a trade or business or activity carried on by any Private Person (other than a Tax-Exempt Organization) other than use as a member of, and on the same basis as, the general public.

  • Games means games of chance.

  • Unitary business means one or more related business organizations engaged in business activity both within and outside the State among which there exists a unity of ownership, operation, and use; or an interdependence in their functions.

  • Telecommunications Business means the business of (i) transmitting, or providing services relating to the transmission of, voice, video or data through owned or leased transmission facilities, (ii) creating, developing or marketing communications related network equipment, software and other devices for use in a Telecommunications Business or (iii) evaluating, participating or pursuing any other activity or opportunity that is primarily related to those identified in (i) or (ii) above; provided that the determination of what constitutes a Telecommunications Business shall be made in good faith by the Board of Directors of the Guarantor.

  • Branch business means any insurance business transacted by a branch captive insurance company in this State.

  • Licensed Nurse means an Oregon licensed practical or registered nurse.

  • Trust business means the business of acting as trustee, executor or administrator;

  • Licensed Content means those articles or other parts of a Licensed Title which form part of the content licensed (including all content published during the Subscription Period to which access and use rights are granted under this Licence, and including all Previously Subscribed Material).

  • Company Products means all products or services produced, marketed, licensed, sold, distributed or performed by or on behalf of the Company or any Subsidiary and all products or services currently under development by the Company or any Subsidiary.