Mich. Admin. Code R. 432.1103

Current through Vol. 24-10, June 15, 2024

Section R. 432.1103 - Definitions; G to I

Rule 103.

As used in these rules:

(a) "Gaming area" means the room or rooms in a casino in which gaming is conducted.

(b) "Gaming equipment or supplies" means a machine, mechanism, device, piece of equipment, item, or implement that affects the result of a gambling game by determining a win or loss, including, without limitation, any of the following:

(i) EGDs.

(ii) Software.

(iii) Cards.

(iv) Dice.

Layouts for live table games and any representatives of value, including, without limitation, chips, or electronic cards and related hardware and software do not affect the result of a game, but are gaming equipment and supplies.

(c) "Gaming operations manager" means a person who has the ultimate responsibility to manage, direct, or administer the conduct of the gambling operation in a casino licensed under the act and these rules.

(d) "Hand" means either 1 game in a series, 1 deal in a card game, or the cards held by a player.

(e) "Hearing officer" means the board member or the administrative hearing officer designated to conduct a hearing on any matter within the jurisdiction of the board.

(f) "Holding company" means any person, other than an individual, that meets both of the following criteria:

(i) Directly or indirectly owns, has the power or right to vote or control, or holds with the power to vote more than 5% of the stock, equity interest, or other voting security of a person that holds, or has applied for, a casino license or a supplier's license.

(ii) Directly or indirectly holds, or substantially owns, any power, right, or security through any interest in a subsidiary or successive subsidiary, regardless of how many subsidiaries may intervene between the holding company and the holder or applicant for, or holder of, casino license or a supplier's license.

(g) "Immediate family" means any of the following, whether by whole or half blood, marriage, adoption, or effect of law:

(i) Spouse, other than a spouse who is legally separated from the individual under a decree of divorce or separate maintenance.

(ii) Parent.

(iii) Child.

(iv) Dependent.

(v) Sibling.

(vi) Spouse of sibling.

(vii) Father-in-law.

(viii) Mother-in-law.

(h) "Indirect interest" means an interest, claim, right, legal share, or other financial stake in a person that is deemed by the board to exist by virtue of a financial or other interest in another person.

(i) "Individual" means any natural person.

(j) "Interim compliance period" means the period of time between the issuance of a certificate of suitability and the issuance of a casino license or the issuance of a notice of denial.

(k) "Intermediary company" means any corporation, firm, partnership, trust, limited liability company, or other form of business entity that meets one of the following criteria:

(i) Is a holding company of a person that has applied for or holds a casino license or supplier license.

(ii) Is a subsidiary of any holding company of a person that has applied for or holds a casino license or supplier license.

(l) "Internal control system" means the internal procedures, administration, and accounting controls designed by the casino licensee for the purpose of exercising control over the gambling operation and its assets.

(m) "Irrevocable letter of credit" means an engagement by a banking institution which is issued, held, and negotiated under the publication entitled "Uniform Customs and Practice for Documentary Credits," 2007 revision, International Chamber of Commerce publication no. 600, as amended, or "International Standby Practices ISP 98," International Chamber of Commerce publication no. 590 (1999), as amended, at the request of a casino licensee, and under which the banking institution will honor demands for payment upon compliance with the conditions specified until the expiration date on the letter of credit.

Mich. Admin. Code R. 432.1103

1998-2000 AACS; 2019 MR 9, Eff. 5/17/2019