(a) Issuance.--Upon being satisfied that the requirements of section 903¹ have been met, the board may approve the application and issue a tavern games license for a period of one year. The board may enter into an agreement with the licensee concerning additional restrictions on the license, and this agreement shall be binding on the licensee. Failure of the licensee to adhere to the agreement will be cause for penalties under section 913(c)² and for the nonrenewal of the license under section 913(f).

(b) Renewal.--A license shall be renewed annually. A license renewal shall not require review of the bureau, unless requested by the board. The board may refuse to renew a tavern gaming license for the following reasons:

(c) Fee.--Upon approval, the applicant shall pay a $2,000 license fee to be deposited in the General Fund. The annual renewal fee shall be $1,000.

(d) Entitlement.--Nothing under this chapter shall be construed to create an entitlement to a license by a person. The board shall have sole discretion to issue, renew, condition, suspend, revoke or deny a license based on the requirements of this chapter and whether the issuance and maintenance of the license are in the best interests of the Commonwealth.

(e) Nontransferability.--A license shall be a grant of privilege to conduct tavern games. A license may not be sold, transferred or assigned to any other person. A licensee may not pledge or otherwise grant a security interest in or lien on the license. The board shall have the sole discretion to issue, renew, condition or deny the issuance of a license.