La. Admin. Code tit. 42 § III-2730

Current through Register Vol. 50, No. 6, June 20, 2024

Section III-2730 - Exchange of Tokens and Chips

A. A licensee or casino operator may exchange a patron's tokens and chips issued by another licensee, foreign chips and tokens, only for its own tokens and chips. A licensee or casino operator shall not exchange tokens or chips issued by another licensee or casino operator for cash. Licensees and the casino operator shall document the exchange in accordance with their internal controls.

B. The exchange of tokens and chips issued by another licensee or casino operator shall occur only at a casino cage.

C. The total dollar value of the chips or tokens submitted by a patron for exchange shall equal the total dollar value of the tokens or chips issued by the licensee or casino operator to the patron. Tokens or chips shall not be exchanged for a discount or a premium.

D. All foreign tokens and chips received by a licensee or casino operator shall be returned to the issuing licensee or casino operator as an even exchange. A licensee or casino operator shall return foreign chips and tokens at least annually unless the division approves otherwise in writing. Each licensee and casino operator shall document the redemption in accordance with their internal controls.

E. A licensee or casino operator shall not knowingly accept as a wager any foreign token or chip. A licensee or casino operator shall not accept tokens or chips issued by another licensee or casino operator in any manner other than authorized in this Section.

La. Admin. Code tit. 42, § III-2730

Promulgated by the Department of Public Safety and Corrections, Gaming Control Board, LR 38:1653 (July 2012).

AUTHORITY NOTE: Promulgated in accordance with R.S. 27:15 and 24.