R 432.1107 Definitions; S to U.

Rule 107. As used in these rules: (a) “Slot machine” means a type of EGD. (b) "Slug" means a disk or object that is not issued by the casino licensee and does not have a cash value. (c) "Sole proprietorship" means an individual who owns 100% of the assets and is principally liable for the debts of a business, regardless of whether another person guarantees payment of the debts. (d) "Standard chi-squared analysis" means the sum of the squares of the difference between the expected result and the observed result. (e) "Subsidiary" means a person, other than an individual, including, without limitation, a firm, partnership, trust, limited liability company, or other form of business organization where an equity interest is owned, subject to a power or right of control, or held with the power to vote directly, indirectly, or in conjunction with a holding company or intermediary company. (f) "Substantial owner" means the holder of any of the following: (i) More than 5% of the total combined voting power of a corporation or more than 5% of the total value of shares of all classes of stock of a corporation. (ii) More than a 5% interest in a partnership. (iii) More than 5% of the value of a trust computed actuarially. (iv) More than 5% of the legal or beneficial interest in another person. For purposes of computing the percentages in this subdivision, a holder is determined to own any stock or other interest in a person, whether owned directly, indirectly, or attributed. The term "substantial owner" does not include an institutional investor, unless the institutional investor has more than a 5% interest in the applicant or licensee and 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. (g) "Table drop" means the total dollar amount of United States and foreign currency, chips, tickets, markers, or credits contained in the drop box of a live gaming device. (h) "Table win" means the dollar amount that is won by the casino licensee through play at a live game and is the total of the table drop, plus ending chip inventory, minus opening chip inventory, plus chip credits, minus fills. (i) "Theoretical payout percentage" means the sum of the number of cash equivalents or credits expected to be paid as a result of the jackpots divided by the number of different possible outcomes. (j) “Ticket” means a representation of value stated on a coded paper instrument that is redeemable for the equivalent value in cash only at the issuing casino and is issued by a casino licensee for use in gaming. (k) "Tilt condition" means a programmed error state for an EGD that occurs when the EGD detects an internal error malfunction or attempted cheating. The EGD ceases processing further input, output, or display information other than that indicating the tilt condition itself.