(a) Term.

A license granted to a mobile sports wagering licensee shall remain in effect for up to 10 years. See Racing, Pari-Mutuel Wagering and Breeding Law section 1367-a(2)(b), establishing a maximum license period.

(b) Renewal.

The commission shall establish the process and requirements for renewal at an appropriate time that coincides with the ending of such term of license established in subdivision (a) of this Part.

(c) Reporting of changes.

A mobile sports wagering licensee shall report any changes to its application, as set forth in section 5329.5 of this Title, which changes are subject to the approval of the commission.