New Mexico Administrative Code
Title 15 - GAMBLING AND LIQUOR CONTROL
Chapter 1 - GAMES AND GAMING GENERAL PROVISIONS
Part 12 - USE OF TOKENS UNDER THE GAMING CONTROL ACT
Section 15.1.12.8 - USE OF TOKENS
Universal Citation: 15 NM Admin Code 15.1.12.8
Current through Register Vol. 35, No. 18, September 24, 2024
A. No person may sell, distribute, or offer for play any gaming machine that accepts tokens for play, unless the tokens are approved in advance by the board as required in this rule.
B. Tokens carry a monetary value evidencing a debt owed to their holder by the licensee that issued them. They are the property of the licensee and no other person.
C. A gaming operator licensee that operates gaming machines that use tokens must:
(1) issue tokens only to patrons of the
gaming operator licensee's gaming establishment;
(2) take reasonable steps to prevent the
issuance to its patrons of tokens of other gaming operator licensees;
(3) post in conspicuous places on the
licensed premises signs notifying patrons that federal law prohibits the use of
the gaming operator licensee's tokens outside of the gaming establishment for
any monetary purpose and that the tokens are the property of the
licensee;
(4) post in conspicuous
places on the licensed premises signs that read, "Tokens issued by another
gaming operator may not be wagered or redeemed at this gaming establishment";
and
(5) develop and implement a
system of internal procedures and controls, satisfactory to the board, for the
receipt and storage of tokens. The system must include, but is not limited to,
checking tokens upon receipt from the manufacturer, reporting deviations or
defects to the board, recording the number and denomination of tokens received,
and providing for secured storage of the tokens.
D. A gaming operator licensee must not:
(1) accept tokens as payment for any other
goods or services offered by the gaming operator licensee's gaming
establishment;
(2) give tokens in
exchange for any transaction other than for use in the play of licensed gaming
machines;
(3) redeem its tokens if
presented by any person the gaming operator licensee has reason to believe is
not a patron of its gaming establishment, except an employee of another gaming
operator licensee who represents that the tokens were unknowingly,
inadvertently or unavoidably received by that operator, or an employee of the
gaming operator licensee who presents the tokens in the normal course of
employment; or
(4) issue, use,
permit the use of, or redeem tokens issued by another gaming operator
licensee.
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