WAC 230-15-150   Selling and redeeming chips.  (1) Card game licensees must:

     (a) Sell chips and redeem chips at the same value; and

     (b) Sell chips for cash at gambling tables; and

     (c) Keep all funds from selling chips separate and apart from all other money received; and

     (d) Not extend credit to a person purchasing chips, including to card room employees playing cards; and

     (2) Licensees may accept checks, if the checks meet the requirements of WAC 230-06-005. They must:

     (a) Deposit any check retained after the close of business no later than the second banking day after the close of business. Checks deposited to an armored car service no later than the second banking day after the close of business meet this requirement; and

     (b) Count each transaction for the purchase of chips as a separate transaction. (Example: They must not allow a player's check to be altered after it is exchanged for chips.)



[Statutory Authority: RCW 9.46.070. 07-10-034 (Order 611), § 230-15-150, filed 4/24/07, effective 1/1/08.]