23 CAR § 358-1105 – Use of chips

(a) Chips are solely representatives of value which evidence a debt owed to their custodian by the licensee that issued them and are not the property of anyone other than that licensee.
(b) A licensee that uses chips at its gaming establishment shall:
1. (1) Comply with all applicable statutes, rules, regulations, and policies of Arkansas and of the United States pertaining to chips;
2. (2) Issue chips only to patrons of its gaming establishment and only at their request;
3. (3) Promptly redeem its own chip from its patrons by cash or check drawn on an account of the licensee;
4. (4) Post conspicuous signs at its establishment notifying patrons that state law prohibits the use of the licensee’s chips outside the establishment for any monetary purpose whatever, and that the chips issued by the licensee are the property of the licensee only; and
5. (5) Take reasonable steps, including examining chips and segregating those issued by other licensees to prevent the issuance to its patrons of chips issued by another licensee.
(c) A licensee shall not accept chips as payment for any goods or services offered at the licensee’s gaming establishment with the exception of the specific use for which the chips were issued or purchase of beverages on the casino floor, and shall not give chips as change in any other transaction.
(d) A licensee shall not redeem its chips if presented by a person who the licensee knows or reasonably should know is not a patron of its gaming establishment, except that a licensee shall promptly redeem its chips if presented by:
1. (1) Another licensee who represents that it redeemed the chips from its patrons or received them:
  1. (A) Unknowingly;
  2. (B) Inadvertently; or
  3. (C) Unavoidably;
2. (2) An employee of the licensee who presents the chips in the normal course of employment; or
3. (3) A person engaged in the business of collecting from licensees chips issued by other licensees and presenting them to the issuing licensees for redemption.
(e) A licensee may redeem its chips if presented by an agent of the Arkansas Racing Commission in the performance of the agent’s official duties or on behalf of another governmental agency.
(f)
1. (1) A licensee shall not knowingly issue, use, permit the use of, or redeem chips issued by another licensee, except as follows.
2. (2) A licensee may redeem chips issued by another licensee if:
  1. (A) The chips are presented by a patron for redemption at the cashier’s cage of the licensee’s gaming establishment;
  2. (B) The chips are presented by a patron at a table game, and the licensee redeems the chips with chips of its own, places the redeemed chips in the table’s drop box, and separates and properly accounts for the redeemed chips during the count performed pursuant to the licensee’s system of internal control submitted pursuant to 23 CAR § 358-606 and § 358-607; or
  3. (C) The chips are presented by a patron as payment on a race, pari-mutuel, or sports wager to a book located on the premises of the licensee which issued the chips.
(g) Chips whose use is restricted to uses other than at table games or other than at specified table games may be redeemed by the issuing licensee at table games or nonspecified table games if the chips are presented by a patron, and the licensee redeems the chips with chips issued for use at the game, places the redeemed chips in the table’s drop box, and separates and properly accounts for the redeemed chips during the count performed pursuant to the licensee’s system of internal control required by this part.