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4-Traders Homepage  >  Equities  >  Nyse  >  Wal-Mart Stores, Inc.    WMT

Delayed Quote. Delayed  - 05/04 10:00:39 pm
67.19 USD   +0.28%
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Wal Mart Stores : Alcohol sales officially begin in Barbourville

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05/04/2016 | 11:00pm CEST

May 04--Alcohol sales have officially begun in Barbourville.

As of Tuesday, Alcoholic Beverage Control Administrator Corey Moren has issued a total of six licenses, consisting of five malt beverage package licenses and one restaurant license.

Those who have obtained a malt beverage package license include: IGA, Super Dollar, Rite-Aid, Lee's Food Mart and William's Stop & Go. Sales were officially permitted beginning Monday, when IGA and William's Stop & Go both added alcoholic beverage items to their shelves.

Moren said that Walmart officials had contacted him earlier Tuesday and that they also plan to apply for a malt beverage package license within the week.

B-Ville Grill obtained the single restaurant license. Rules and regulations for restaurants that choose to sell alcoholic beverages by the drink require the establishment to have seating for at least 50 individuals and annual gross receipts must maintain a 50/50 split between food and alcohol profits.

Currently, no quota retail package licenses -- which would allow an establishment to sell liquor by the bottle -- have been issued. The application deadline for quota retail package licenses ended April 29, and Moren said that a total of six applications were submitted.

Despite the six applications, the state ABC has permitted only two liquor stores for the City of Barbourville. In addition, it is also up to the state ABC who of the six applicants receives the licenses, not Moren.

The state ABC has a 45-day window to issue the quota retail package license from the day that the application process ended, meaning that package liquor sales could begin in Barbourville around mid-June.

The names of the six applicants were not provided.

___

(c)2016 The Times-Tribune (Corbin, Ky.)

Visit The Times-Tribune (Corbin, Ky.) at www.thetimestribune.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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