Current through November 30, 2024
Section 543.4 - Does this part apply to small and charitable gaming operations?(a)Small gaming operations. This part does not apply to small gaming operations provided that: (1) The TGRA permits the operation to be exempt from this part;(2) The annual gross gaming revenue of the operation does not exceed $3 million; and(3) The TGRA develops, and the operation complies with, alternate procedures that: (i) Protect the integrity of games offered;(ii) Safeguard the assets used in connection with the operation; and(iii) Create, prepare and maintain records in accordance with Generally Accepted Accounting Principles.(b)Charitable gaming operations. This part does not apply to charitable gaming operations provided that:(1) All proceeds are for the benefit of a charitable organization;(2) The TGRA permits the charitable organization to be exempt from this part;(3) The charitable gaming operation is operated wholly by the charitable organization's agents;(4) The annual gross gaming revenue of the charitable operation does not exceed $3 million; and(5) The TGRA develops, and the charitable gaming operation complies with, alternate procedures that: (i) Protect the integrity of the games offered;(ii) Safeguard the assets used in connection with the gaming operation; and(iii) Create, prepare and maintain records in accordance with Generally Accepted Accounting Principles.(c)Independent operators. Nothing in this section exempts gaming operations conducted by independent operators for the benefit of a charitable organization.