(2) Imitation money or chips shall not be used for tipping or the purchase of
food, beverages, raffle tickets, charity game tickets, numeral game tickets,
or non-gaming items.
(3) Imitation money or chips shall only be sold by the millionaire party
licensee qualified organization.
(4) Imitation money or chips shall not be sold by dealers.
(5) Imitation money or chips shall only be redeemed at authorized
redemption areas.
(6) Only imitation money and chips that have received the executive
director's prior approval may be used at a millionaire party.
(7) The executive director may set the maximum amount of chips or
imitation money that a qualified organization millionaire party licensee
may sell to an individual at a millionaire party.
(8) Unless otherwise permitted by law, each millionaire party
licensee shall not Net: have more than $15,000.00 $20,0000.00 in
imitation money or chips in a demarcated area. may be sold in 1 day of a
millionaire party.
(9) Not more than $15,000.00 in imitation money or chips shall be permitted
in a demarcated area.
MiCGA Proposed Rule:
R 432.309 Imitation money and chips.
Rule 309. (1) During the conduct of a millionaire party, only imitation money
or chips shall be used by the participants. Imitation money or chips shall be
used solely for wagering, tipping, or redemption purposes.
(2) Imitation money or chips shall not be used for tipping or the purchase of
food, beverages, raffle tickets, charity game tickets, numeral game tickets,
or non-gaming items.
(3) Imitation money or chips used for the express purpose of tipping of
dealers shall be conducted in a manner that includes a secure lockbox.
Dealers are prohibited from placing chips inside or taking chips out of any
secure lockbox. Only the millionaire party licensee may remove imitation
money or chips from the secure lockbox for the purpose of dealer tip
redemption.