N.M. Admin. Code § 15.1.10.27

Current through Register Vol. 35, No. 23, December 10, 2024

Section 15.1.10.27 - PAYMENT OF GAMING CREDITS

A. Gaming operator licensees shall redeem credit slips or tokens presented by a player in accordance with procedures proposed by the licensee and approved by the board before opening the licensed premises for gaming activity. Such procedures shall be modified at the direction of the board, in its sole discretion.

B. A player shall redeem credit slips at the designated place in the licensed premises where the gaming credit was issued. A credit slip shall be redeemed within 180 days of the date of issuance. Funds reserved for the payment of a credit slip shall be treated as net take if unredeemed within 180 days from the date of issuance. The 180 day redemption policy shall be prominently displayed on the licensed premises.

C. No payment for gaming credits awarded on a gaming machine shall be made unless the credit slip:

(1) is presented on a fully legible, valid, printed credit slip, with a bar code that can be validated, containing the information required;

(2) is not mutilated, altered, or tampered with in any way, or previously paid;

(3) is not counterfeit in whole or in part; and

(4) is presented by a person authorized to engage in licensed gaming at the licensed premises.

D. The gaming operator licensee shall designate employees authorized to redeem credit slips during hours of operation. Gaming credits shall be immediately paid in cash or by check when a player presents a credit slip for payment that meets the requirements of this section. No gaming credits shall be paid in tokens, chips or merchandise.

E. All credit slips redeemed by a gaming operator licensee shall be marked or defaced in a manner that prevents any subsequent presentment and payment.

F. The state, the board, and the agents and employees of either are not liable for the payment of any gaming credits on any credit slips.

N.M. Admin. Code § 15.1.10.27

12/31/98; 15.1.10.27 NMAC - Rn, 15 NMAC 1.10.27, 3/31/00; A, 2/28/05, Adopted by New Mexico Register, Volume XXVI, Issue 19, October 15, 2015, eff. 10/15/2015, Adopted by New Mexico Register, Volume XXVII, Issue 02, January 29, 2016, eff. 1/29/2016