(a)
- (1) Chips must be designed, manufactured, and constructed in compliance with all applicable statutes, rules, regulations, and policies of the United States, Arkansas, and other states, and so as to prevent counterfeiting of the chips to the extent reasonably possible.
- (2) Chips must not deceptively resemble any current or past coinage of the United States or any other nation.
(b) In addition to such other specifications as the Arkansas Racing Commission may approve:
- (1) The name of the issuing gaming establishment must be inscribed on each side of each chip, and the city or other locality and the state where the establishment is located must be inscribed on at least one (1) side of each chip;
- (2) The value of the chip must be inscribed on each side of each chip, other than chips used exclusively at roulette;
- (3) The manufacturer’s name or a distinctive logo or other mark identifying the manufacturer must be inscribed on at least one (1) side of each chip; and
- (4) Each chip must be designed so that when stacked with chips of other denominations and viewed on closed-circuit, black-and-white television, the denomination of the chip can be distinguished from that of the other chips in the stack.
(c) The names of the city or other locality and the state where the establishment is located must be inscribed on at least one (1) side of each chip unless the commission finds, after application by a licensee, that such an inscription is not necessary because:
- (1) The name of the issuing establishment is unique to one (1) readily identifiable establishment in all gaming jurisdictions; or
- (2) The inclusion of the city or other locality and the state is not necessary or beneficial for any regulatory purpose relating to the applicant.
- (d) Any application submitted pursuant to subsection (c) of this section must be signed by the chief executive officer of the applicant and be on a form prescribed by the commission.
- (e) Any approval by the commission for the deletion of such an inscription shall be in writing and be limited to that period of time in which the name of the licensee is limited to one (1) establishment and conditioned so that it may be withdrawn in the future if the commission determines that the deletion results in confusion with the chips of another establishment or if such inclusion is deemed necessary or beneficial for any regulatory purpose.
(f) A copy of any approval or disapproval or other decision by the commission pursuant to the authority delegated in subsection (c) of this section must be submitted to the members of the commission within five (5) working days thereafter and may be relied on by the applicant if within twenty (20) working days after such submission:
- (1) A member of the commission does not request a review by the entire commission; or
- (2) The commission does not include the matter on the next available commission agenda.
- (g) In the event of such a request by a commission member, or such action by the commission, the application or other related issue or issues shall be considered and decided by the commission upon the recommendation of the commission.