Amends the Video Gaming Act. Requires the Illinois Gaming Board to provide written status updates to each applicant for a license issued under the Act no later than 30, 60, and 90 days after the date the application is deemed complete by the Board. Sets forth information to be included in the written status updates. Provides that if the Board has not issued a final determination approving or denying an application within 365 days after the date the application is deemed complete, the Board shall issue a conditional approval to the applicant unless the delay is attributable to: the applicant's failure to timely provide requested information or documentation; a pending criminal investigation or enforcement action directly involving the applicant; or a written finding by the Board, supported by specific facts, that issuance of a conditional approval would pose a material risk to the public interest or the integrity of video gaming. Provides that a conditional approval authorizes the applicant to proceed with preparatory business activities consistent with licensure but does not authorize operation of video gaming terminals until final approval is issued. Provides that nothing limits the Board's authority to approve, deny, suspend, revoke, or condition a license upon completion of its investigation. Provides that any delay caused by the applicant's failure to timely respond to a written request from the Board tolls the time periods until the requested information is received. Allows the Board to adopt rules to implement the provisions.