Other instrumentalities with which gaming is conducted must be designed, manufactured, approved, used, discontinued, destroyed, or otherwise disposed of in accordance with the provisions of this subpart applicable to chips, except as follows:

1. (1) Such other instrumentalities must be of such shape, size, and design and have such other specifications as the Arkansas Racing Commission may approve or require; and
2. (2) The commission, in the commission’s sole and absolute discretion, may deny approval of instrumentalities other than chips or may grant approval subject to such conditions as the commission considers appropriate.