Current through Vol. 24-19, November 1, 2024
Section R. 432.1827 - Receipt of gaming chips or tokens from manufacturer or distributorRule 827.
(1) When chips or tokens are received from the manufacturer or distributor, they shall be opened and checked by not less than 2 employees of a casino licensee from different departments. A casino licensee shall promptly report, to the board, any deviation between the invoice accompanying the chips or tokens and the actual chips or tokens received or any defects found in the chips or tokens. The supplier licensee shall give the board prior notification of the delivery of chips or tokens to a casino licensee. A casino licensee shall not accept the delivery of tokens or chips unless the board has been given prior notification of the delivery.(2) After checking the chips received, a casino licensee shall cause to be reported, in a chip inventory ledger, all of the following information: (a) The denomination of the chips received.(b) The number of each denomination of chip received.(c) The number and description of all nonvalue chips received.(d) The date of the receipt.(e) The signature of the individuals who checked the chips.(3) If any of the chips received are to be held as reserve chips and not utilized either at the gaming tables or at a cashier's cage, then a licensee shall ensure that the chips are stored in a separate locked compartment either in the vault or in a cashier's cage and are recorded in the chip inventory ledger as reserve chips.(4) A licensee shall ensure that any chips received that are part of the secondary set of chips of the casino are recorded in the chip inventory ledger as secondary chips and are stored in a locked compartment in the casino vault separate from the reserve chips.Mich. Admin. Code R. 432.1827