N.M. Admin. Code § 151.1.12.11

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

Section 151.1.12.11 - ISSUANCE AND REDEMPTION OF TOKENS

A. Tokens may be issued to a patron only from a cashier's cage, token dispenser, gaming employees on the licensed premises, or from a gaming machine as change or winnings.

B. Tokens may be redeemed only at a cashier's cage on the licensed premises of the gaming operator licensee that issued the tokens.

C. Each gaming operator licensee must promptly redeem its own tokens from its patrons by cash or check drawn on the gaming operator licensee's account and dated the day of the redemption, except where tokens were obtained or used unlawfully.

D. Each gaming operator licensee may demand the redemption of its tokens from any individual in possession of them. Upon such demand, the individual must redeem the tokens upon presentation of an equivalent amount of cash by the gaming operator licensee.

N.M. Admin. Code § 151.1.12.11

N, 12/31/98; 15.1.12.11 NMAC - Rn, 15 NMAC 1.12.11, 2/14/02