Or. Admin. R. 137-025-0450
Current through Register Vol. 63, No. 6, June 1, 2024
Section 137-025-0450 - Purchase/Sale of Monte Carlo Imitation Money(1) Imitation money shall be sold only by bona fide members or employees of the licensee organization. No imitation money shall be sold, or cash handled, by a Monte Carlo event contractor, their agents, or employees regardless of whether said person is a member of the licensed charitable, fraternal, or religious organization.(2) All imitation money sold for use at a Monte Carlo event shall be identifiable as sold by the particular licensee or event contractor operating the event. A licensee may not collect from any player a sum in excess of $500 per event for the purchase of imitation money for use at such Monte Carlo event.(3) A Class A licensee shall follow the following described procedures in the sale of imitation money to Monte Carlo players.(a) Each player shall receive a player identification card. The cards shall be sequentially numbered and the player's name shall be completed on the card. The player's name shall also be entered next to the same sequential number on a form prescribed by the department.(b) The player identification card shall contain incremental amounts of money, the total of which shall not exceed $500. Each time the player purchases imitation money, the licensee's seller shall cancel an amount on the card equal to the amount paid by the player.(c) The licensee shall make good faith efforts to collect all player identification cards before the close of the event.(4) Licensees shall conspicuously post a notice that no player may pay more than $500 for imitation money per event.Or. Admin. R. 137-025-0450
JD 7-1997(Temp), f. 12-31-97, cert. ef. 1-1-98 thru 6-20-98; DOJ 5-1998, f. 6-19-98, cert. ef. 6-20-98; DOJ 8-2018, amend filed 05/30/2018, effective 5/31/2018; DOJ 2-2024, amend filed 01/16/2024, effective 1/17/2024Statutory/Other Authority: ORS 464.250
Statutes/Other Implemented: HB 3009, 1997 & ORS 464.250