1.  Every application for a license to conduct pari-mutuel wagering under this chapter must be made upon forms prescribed and furnished by the Board. The Board shall investigate the applicant, including its officers and directors, if any, in the same manner as applicants for gaming licenses.

2.  The cost of each investigation made pursuant to this section must be paid by the applicant. Investigation costs must be charged on the same basis as those for gaming license investigations.

3.  The Board shall make its recommendations to the Commission which shall grant or deny licenses in the same manner as prescribed in chapter 463 of NRS for a state gaming license.

4.  Each license issued by the Commission to conduct pari-mutuel wagering under this chapter must be conditioned upon the licensee’s approving any locations which may be established in this state for off-track pari-mutuel wagering as required by 15 U.S.C. § 3004(b)(1)(A) as enacted and as this subsection may be amended from time to time.