Mich. Admin. Code R. 432.1106 - Definitions; P to R
Rule 106.
As used in these rules:
(a) "Par sheet" means a document which is
provided by the EGD manufacturer and which depicts all of the following:
(i) The possible outcomes from the play of an
EGD.
(ii) The probability of
occurrence of the outcomes.
(iii)
The contribution of each winning outcome to the payback percentage of the
EGD.
(b) "Patron
dispute" means a dispute a patron has regarding winnings or losses or the
conduct of gambling at a casino.
(c) "Payout" means the winnings that result
from a wager.
(d) "Petitioner"
means a person who files a petition under part 7 of these rules.
(e) "Picture identification" means a valid
driver license, state identification card, student identification card,
military identification card, passport, or any other bona fide picture
identification that establishes the identity and age of the
individual.
(f) "Pit" means the
area enclosed or encircled by the arrangement of the gaming tables in which
casino gambling personnel administer and supervise the live games played at the
tables by patrons located outside the perimeter of the area.
(g) "Progressive controller" means the
hardware and software that controls all communication among the EGDs or live
gaming devices within a progressive EGD link or a progressive live gaming
device link and its associated progressive meter.
(h) "Progressive jackpot" means a value
determined by application of an approved formula to the income of independent,
local, or interlinked EGDs or live gaming devices.
(i) "Public offering" means a sale of
securities that is subject to the registration requirements of section 5 of the
securities act of 1933,
15 USC
77e(c), or that is exempt
from the registration requirements solely by reason of an exemption contained
in either of the following provisions:
(i)
Section 3(a)(10), (a)(11), or (c) of the securities act of 1933,
15 USC
77c(a)(10), (a)(11), or (c),
as amended.
(j) "Publicly held company" or
"publicly traded corporation" means any of the following:
(i) A person, other than an individual, to
which either of the following provisions applies:
(A) The person has 1 or more classes of
voting securities registered under section 12 of the securities exchange act of
1934,
15 USC
78l, as amended.
(ii) A person, other
than an individual, created under the laws of a foreign country to which both
of the following provisions apply:
(A) The
person has 1 or more classes of voting securities registered on the foreign
country's securities exchange or over-the-counter market.
(B) The board has determined that the
person's activities are regulated in a manner that protects the investors and
this state.
Either term includes any person, other than an individual, that has securities registered or is an issuer under this definition solely because it guaranteed a security issued by an affiliate under a public offering and is considered by the Securities and Exchange Commission to be an underwriter of a public offering under section 2(a)(11) of the securities act of 1933, 15 USC 77b(a)(11), and 17 CFR 230.140, as amended.
(iii) A person, other than an individual,
that has shares which are traded on an established securities market or traded
on a secondary market.
(k) "Random access memory" or "RAM" means the
electronic component used for computer work space and storage of volatile
information in an EGD.
(l)
"Randomness" means the unpredictability and absence of pattern in the outcome
of an event or sequence of events.
(m) "Random number generator" or "RNG" means
hardware, software, or a combination of hardware and software devices for
generating number values that exhibit the characteristics of
randomness.
(n) "Registered agent"
means an individual designated to accept service of legal process on behalf of
another person.
(o) "Related party"
means 1 of the following:
(i) An individual
or business entity that has a pecuniary interest in a casino licensee, a casino
license applicant, or an affiliate thereof, if the casino licensee, casino
license applicant, or affiliate is not a publicly held company.
(ii) A holder of more than 5% of the
outstanding shares of a casino licensee, a casino license applicant, or an
affiliate thereof, if the casino licensee, casino license applicant, or
affiliate is a publicly held company.
(iii) A key person of a casino licensee, a
casino license applicant, or an affiliate of a casino licensee or a casino
license applicant.
(iv) An
affiliate of a casino licensee or a casino license applicant.
(v) An immediate family member of a holder of
more than 5% of the outstanding shares of a casino licensee, a casino license
applicant, or an affiliate of a casino licensee or a casino license
applicant.
(vi) A relative of a key
person of a casino licensee, a casino license applicant, or an affiliate of a
casino licensee or a casino license applicant.
(vii) A relative of an affiliate of a casino
licensee or a casino license applicant.
(viii) A trust for the benefit of, or
managed, by a casino licensee, a casino license applicant, or an affiliate or a
key person of a casino licensee or a casino license applicant.
(ix) Any other person who is able to
significantly influence the management or operating policies of a casino
licensee, a casino license applicant, or an affiliate of a casino licensee or a
casino license applicant.
(x) An
institutional investor that has a controlling interest in a person that has
applied for or holds a casino license or supplier license or that fails to meet
the standards set forth in section 6c(1) of the act, MCL 432.206c, for waiver
of the eligibility and suitability requirements for licensure under the act and
these rules. An institutional investor is not considered to be a related party
unless it fails to meet the standard set forth in section 6c(1) of the act, MCL
432.206c, for waiver of the eligibility and suitability requirements for
licensure.
(p) "Related
party transactions" means transactions between a casino licensee or a casino
license applicant and at least 1 of the following:
(i) A related party.
(ii) An immediate family member.
(iii) A dependent.
(q) "Relative" means any of the following
entities whether by whole or half blood, marriage, adoption, or natural
relationship:
(i) Spouse, other than a spouse
who is legally separated from the individual under a decree of divorce or
separate maintenance.
(ii)
Parent.
(iii)
Grandparent.
(iv) Child.
(v) Grandchild.
(vi) Sibling.
(vii) Uncle.
(viii) Aunt.
(ix) Nephew.
(x) Niece.
(xi) First cousin.
(xii) Father-in-law.
(xiii) Mother-in-law.
(xiv) Son-in-law.
(xv) Daughter-in-law.
(xvi) Brother-in-law.
(xvii) Sister-in-law.
(xviii) Dependent.
(r) "Read only memory" or "ROM" means the
electronic component used for storage of nonvolatile information in an EGD,
including programmable ROM and erasable programmable ROM.
(s) "Respondent" means a person against whom
a seizure, forfeiture, or disciplinary action has been initiated.
Notes
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