Section 133.1. Introduction and definitions

(a) The Commissions have authority to issue licenses to conduct horse race meetings.

(b) Any corporation may apply for a license to conduct horse race meetings at which pari-mutuel wagering is permitted.

(c) Applicants should be aware that the act authorizes a limited number of licenses to be issued. Not every applicant will be issued a license.

(d) The license gives its holder the privilege to conduct horse race meetings at which pari-mutuel wagering is permitted. The license does not give its holder a property right.

(e) The following words and terms, when used in this chapter, have the following meanings, unless the context clearly indicates otherwise:

(1) Act—The Race Horse Industry Reform Act (4 P. S. § § 325.101—325.402).

(2) Commissions—The State Harness Commission and the State Horse Racing Commission.