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Can you summarize 1 COCR 207-1 RULE 12 30-1254?
GAMING DEVICES AND EQUIPMENT > Progressive table games defined.
Short Summary
This document pertains to the regulations governing progressive table games in Colorado. Progressive table games are defined as tables equipped with a progressive game controller that increases the progressive jackpot liability as patrons make wagers to win the progressive jackpot. The progressive jackpot can be transferred to another progressive table game within the same licensed retail establishment or a different licensed retail establishment in case of malfunction, replacement, or other approved reasons. Records must be maintained to track the progressive jackpot amount, and a visible display, known as the progressive meter, must be linked to the table game. The progressive controller continuously monitors the table for inserted coins or tokens and updates the progressive display accordingly. Key control procedures must be established to prevent unauthorized access to the progressive controller. The document also covers requirements for displaying winning amounts, resetting the progressive meter, imposing limits on jackpots, discontinuing progressive table games, maintaining cash reserves, and granting waivers for compliance. Overall, the regulations aim to ensure fair and transparent operation of progressive table games in Colorado licensed retail establishments.
Whom does it apply to?
Colorado licensed retail establishments
What does it govern?
Progressive table games
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Colorado