(a) The Arkansas Racing Commission, at its discretion, may permit any Service Industry License applicant to carry out a commercial transaction with a casino licensee before said service industry entity has obtained the Service Industry License required as long as:

1. (1) The applicant has filed with the commission a completed application for a Service Industry License;
2. (2) At least thirty (30) days have passed since the filing of said completed application with the commission; and

3. (3) The casino licensee submits to the commission a petition for special authorization to carry out a commercial transaction in the absence of a Service Industry License which contains:

   1. (A) Sufficient reasons to convince the commission to grant the special authorization to the applicant; and
   2. (B) A description of the commercial transaction that it desires to carry out.