All video game machines licensed under Section 12-21-2720(A)(3), no later than December 31, 1998, must:

1. (1) have games that are random and have a minimum payback of at least eighty percent in which the theoretical payout percentage is determined using standard methods of probability theory;
2. (2) be secure and accountable;
3. (3) not operate in a misleading or deceptive manner; and

4. (4) be capable of interfacing with a computerized monitoring system to be selected by the department.

   The technical standards established by the department must be designed so as to maximize competition in the market place among manufacturers.

   Machines not meeting the standards of this section or regulation of the department may not be licensed. The license of any machine which fails to maintain the standards of this section or regulation of the department must be revoked.