Licenses — issuance, suspension, revocation — allocation — qualifications of licensees — commission may sell tickets, when — bond

1. The director shall issue, suspend, revoke, and renew licenses for lottery game retailers pursuant to rules and regulations adopted by the commission. Such rules shall specify that at least ten percent of all licenses awarded to lottery game retailers in constitutional charter cities not within a county and constitutional charter cities with a population of at least four hundred fifty thousand not located wholly within a county of the first class with a charter form of government shall be awarded to minority-owned and -controlled business enterprises. Licensing rules and regulations shall include requirements relating to the financial responsibility of the licensee, the accessibility of the licensee's place of business or activity to the public, the sufficiency of existing licenses to serve the public interest, the volume of expected sales, the security and efficient operation of the lottery, and other matters necessary to protect the public interest and trust in the lottery and to further the sales of lottery tickets or shares. Lottery game retailers shall be selected without regard to political affiliation. 2. The commission may sell lottery tickets at its office and at special events. 3. The commission shall require every retailer to post a bond, a bonding fee or a letter of credit in such amount as may be required by the commission, and upon licensure shall prominently display his license, or a copy thereof, as provided in the rules and regulations of the commission. 4. All licenses for lottery game retailers shall specify the place such sales shall take place. 5. A lottery game retailer license shall not be assignable or transferable. 6. A license shall be revoked upon a finding that the licensee: (1) Has knowingly provided false or misleading information to the commission or its employees; (2) Has been convicted of any felony; or (3) Has endangered the security of the lottery. 7. A license may be suspended, revoked, or not renewed for any of the following causes: (1) A change of business location; (2) An insufficient sales volume; (3) A delinquency in remitting money owed to the lottery; or (4) Any violation of any rule or regulation adopted pursuant to this section by the commission.