N.M. Admin. Code § 15.1.10.27 - PAYMENT OF GAMING CREDITS
A.
Gaming operator licensees shall redeem credit slips or tokens presented by a
player in accordance with procedures proposed by the licensee and approved by
the board before opening the licensed premises for gaming activity. Such
procedures shall be modified at the direction of the board, in its sole
discretion.
B. A player shall
redeem credit slips at the designated place in the licensed premises where the
gaming credit was issued. A credit slip shall be redeemed within 180 days of
the date of issuance. Funds reserved for the payment of a credit slip shall be
treated as net take if unredeemed within 180 days from the date of issuance.
The 180 day redemption policy shall be prominently displayed on the licensed
premises.
C. No payment for gaming
credits awarded on a gaming machine shall be made unless the credit slip:
(1) is presented on a fully legible, valid,
printed credit slip, with a bar code that can be validated, containing the
information required;
(2) is not
mutilated, altered, or tampered with in any way, or previously paid;
(3) is not counterfeit in whole or in part;
and
(4) is presented by a person
authorized to engage in licensed gaming at the licensed premises.
D. The gaming operator licensee
shall designate employees authorized to redeem credit slips during hours of
operation. Gaming credits shall be immediately paid in cash or by check when a
player presents a credit slip for payment that meets the requirements of this
section. No gaming credits shall be paid in tokens, chips or
merchandise.
E. All credit slips
redeemed by a gaming operator licensee shall be marked or defaced in a manner
that prevents any subsequent presentment and payment.
F. The state, the board, and the agents and
employees of either are not liable for the payment of any gaming credits on any
credit slips.
Notes
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