(a) A licensee under this Article shall pay an annual license fee in accordance with the provisions of section 607(d) of this Article and an annual renewal fee of $10,000 thirty (30) days before the anniversary of the issuance of the license or, if that date is not a business day, on the first business day after that date. The Master Service Provider shall report all provide services fees collected under this section to the Commission not more than thirty (30) days after such fees are received by the Master Service Provider. The Commission in its discretion may require the licensee to undergo an investigation prior to the renewal of the license. The licensee shall be responsible for the total costs associated with the investigation.
(b) A licensee under this Article shall submit with the renewal and processing fee a report, in a form prescribed by the Commission. The renewal report shall state or contain:
(1) a copy of the licensee's most recent annual financial statement or, if the licensee is a wholly owned subsidiary of another corporation, the most recent consolidated annual financial statement of the parent corporation or the licensee's most recent consolidated annual financial statement;
(2) the number prizes issued by the licensee that have not been previously included on a renewal report, the monetary amount of those prizes, and the monetary amount of prizes currently outstanding;
(3) a description of each material change in information submitted by the licensee in its original license application which has not been previously reported to the Commission on any required report;
(4) a list of the licensee's permissible investments and a certification that the licensee continues to maintain permissible investments according to the requirements set forth in sections 629 and 630 of this title; and
(5) proof that the licensee continues to maintain adequate security as required by section 608 of this title.
(c) If a licensee fails to file a renewal report or to pay its renewal fee by the renewal date, and has not been granted an extension of time to do so by the Commission, its license is suspended on the renewal date and all approved Internet games or approved Internet gambling shall cease. The licensee has 30 days after its license is suspended in which to file a renewal report and to pay the annual license fee in accordance with the provisions of section 607(d) of this Article and an annual renewal fee of $10,000, plus $500 for each day thereafter that the Commission does not receive the renewal form and application.