Mich. Admin. Code R. 432.309

Current through Vol. 24-19, November 1, 2024

Section R. 432.309 - Imitation money and chips

Rule 309.

(1) During the conduct of a millionaire party, only imitation money or chips must be used by the participants. Imitation money or chips must be used solely for wagering or redemption purposes.

(2) Imitation money or chips must not be used for tipping or the purchase of food, beverages, raffle tickets, charity game tickets, numeral game tickets, or non-gaming items.

(3) Imitation money or chips must only be sold by the millionaire party licensee.

(4) Imitation money or chips must not be sold by dealers.

(5) Imitation money or chips must only be redeemed at authorized redemption areas.

(6) Only imitation money and chips that have received the executive director's prior approval may be used at a millionaire party.

(7) The executive director may set the maximum amount of chips or imitation money that a millionaire party licensee may sell to an individual at a millionaire party.

(8) Unless otherwise permitted by law, each millionaire party licensee shall not have more than $20,000.00 in imitation money or chips in a demarcated area.

Mich. Admin. Code R. 432.309

2014 AACS; 2023 MR 20, Eff. 10/24/2023