N.M. Admin. Code § 15.1.12.8

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

Section 15.1.12.8 - USE OF TOKENS

A. No person may sell, distribute, or offer for play any gaming machine that accepts tokens for play, unless the tokens are approved in advance by the board as required in this rule.

B. Tokens carry a monetary value evidencing a debt owed to their holder by the licensee that issued them. They are the property of the licensee and no other person.

C. A gaming operator licensee that operates gaming machines that use tokens must:

(1) issue tokens only to patrons of the gaming operator licensee's gaming establishment;

(2) take reasonable steps to prevent the issuance to its patrons of tokens of other gaming operator licensees;

(3) post in conspicuous places on the licensed premises signs notifying patrons that federal law prohibits the use of the gaming operator licensee's tokens outside of the gaming establishment for any monetary purpose and that the tokens are the property of the licensee;

(4) post in conspicuous places on the licensed premises signs that read, "Tokens issued by another gaming operator may not be wagered or redeemed at this gaming establishment"; and

(5) develop and implement a system of internal procedures and controls, satisfactory to the board, for the receipt and storage of tokens. The system must include, but is not limited to, checking tokens upon receipt from the manufacturer, reporting deviations or defects to the board, recording the number and denomination of tokens received, and providing for secured storage of the tokens.

D. A gaming operator licensee must not:

(1) accept tokens as payment for any other goods or services offered by the gaming operator licensee's gaming establishment;

(2) give tokens in exchange for any transaction other than for use in the play of licensed gaming machines;

(3) redeem its tokens if presented by any person the gaming operator licensee has reason to believe is not a patron of its gaming establishment, except an employee of another gaming operator licensee who represents that the tokens were unknowingly, inadvertently or unavoidably received by that operator, or an employee of the gaming operator licensee who presents the tokens in the normal course of employment; or

(4) issue, use, permit the use of, or redeem tokens issued by another gaming operator licensee.

N.M. Admin. Code § 15.1.12.8

N, 12/31/98; 15.1.12.8 NMAC - Rn, 15 NMAC 1.12.8, 2/14/02