68 IAC 14-4-2 Submission and approval of chips

Sec. 2. (a) Riverboat licensees or riverboat license applicants shall have each denomination of value and color of nonvalue chips in both the primary and secondary sets of chips approved. Riverboat licensees shall not utilize, or allow to be utilized, a chip that the executive director has not approved. (b) The approval process is as follows: (1) Riverboat licensees or riverboat license applicants shall submit a detailed schematic of a proposed chip at least ninety (90) days before beginning gambling operations or using the proposed chip. The schematic shall be a true rendering of the actual chip and shall show the following characteristics of the chip: (A) The actual size of the chip. (B) The actual color of the chip. (C) The front of the chip. (D) The back of the chip. (E) The edge of the chip. (F) The diameter and thickness of any logo, design, or wording to be contained on the chip. The executive director shall, in writing, approve or disapprove the detailed schematic of the proposed chip within twenty (20) days of its submission. (2) After the riverboat licensee or riverboat license applicant has received approval of a detailed schematic of a proposed chip, the riverboat licensee or riverboat license applicant shall submit a sample of each denomination of value chip and each color of nonvalue chip to the executive director for approval. The sample chip shall be submitted no less than sixty (60) days prior to beginning gambling operations or using the proposed chip. The executive director shall, in writing, approve or disapprove the proposed chip within twenty (20) days of its submission.