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Can you summarize ARAR 006.06.511?
Casino Gaming Rules > Chips
Short Summary
This document, part of the Arkansas Administrative Rules, specifically the Department of Finance and Administration’s Racing Commission’s Casino Gaming Rules, governs the approval, issuance, and redemption of chips for use in gaming establishments. The document defines key terms such as ‘book,’ ‘Commission,’ and ‘chip.’ It outlines the procedures and requirements for obtaining approval for chips, including the submission of detailed drawings, specifications, and a written system of internal control. The document also specifies the design and construction specifications for chips, including inscriptions, size, and shape. It further details the proper use of chips, restrictions on their acceptance as payment, and the redemption process. Additionally, the document addresses the redemption and disposal of discontinued chips, the destruction of counterfeit chips, and the use of promotional and tournament chips. Overall, this document provides comprehensive guidelines for the regulation and management of chips in gaming establishments under the jurisdiction of the Arkansas Racing Commission.
Whom does it apply to?
Licensees of gaming establishments
What does it govern?
Approval, issuance, and redemption of chips for use in gaming establishments
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified.
Jurisdiction
Arkansas