N.M. Admin. Code § 15.1.24.7

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

Section 15.1.24.7 - DEFINITIONS

Unless otherwise defined below, terms used in this rule have the same meanings as set forth in the Gaming Control Act.

A. "Act" means the New Mexico Gaming Control Act.

B. "Administrator" means a person holding a certification of finding of suitability authorizing such person to host a multi-link progressive system in which a New Mexico licensed racetrack gaming operator participates.

C. "Base amount" means the amount of the progressive jackpot before it increases.

D. "Central monitoring system" means the hardware and software at the board's central site used to control, monitor, and retrieve information from, all licensed gaming machines.

E. "Incremental amount" means the difference between the amount of the progressive jackpot and its base amount.

F. "Jackpot pool" means the sum of money from which progressive prize payoffs are made.

G. "Media" means any storage device or medium that contains software which can only be used in a gaming device, affects game outcome, and is programmed by the gaming machine manufacturer. "Media" includes but is not limited to EEPROM's, EPROM's compact flash memory, flash RAM, CDROM's or hard drives.

H."Multi-link" means a wide area progressive in which a New Mexico licensed gaming operator participates in a linked progressive, and which may include participants licensed in jurisdictions other than New Mexico.

I."Progressive display" means the electronic display designed to show the current amount of a progressive jackpot.

J."Progressive gaming machine" means a licensed gaming machine of one (1) or more linked machines that are played with a potential award that increases based on a percentage of coin, token or credit play.

K."Progressive jackpot" means a gaming machine award that increases automatically over time based on a percentage of coin, token or credit play as the machine or another linked machine is played.

L."Progressive central system" means the hardware and software that controls all communications among the linked machines participating in a multi-link configuration.

M."Progressive controller" means the hardware and software that controls all communications among the linked machines.

N."Progressive tracking log" means a form that documents information about, and changes to, progressive banks.

O."Progressive system" means one (1) or more gaming machines linked to a common progressive jackpot; the system includes an approved electronic configuration consisting of a progressive controller, progressive displays, and gaming machines with progressive capable gaming media.

P ."Reserve pool" means the sum of money available for the start of the next progressive jackpot; the start is determined by the restart value, percentage in the reserve pool, and base amount.

N.M. Admin. Code § 15.1.24.7

15.1.24.7 NMAC - N, 5/31/00; A, 5/15/07, Amended by New Mexico Register, Volume XXVI, Issue 19, October 15, 2015, eff. 10/15/2015