Licensed Premises Law and Legal Definition

The term 'licensed premises' is used to refer to any buildings, shops, or other area which is licensed by authorities to conduct business for which a license has been issued. Licensed premises are where licensed activities or businesses are carried on legally.

The following is an example of a state statute (Colorado) defining the term licensed premises with regard to limited gaming :

Pursuant to C.R.S. 12-47.1-103 (16), "Licensed premises" means that portion of any premises licensed for the conduct of limited gaming. Nothing pursuant to this subsection (16) shall be construed to prohibit the affected local governing authority from otherwise determining the size of any building. In no event shall the licensed premises exceed thirty-five percent of the square footage of any building and no more than fifty percent of any one floor of such building.