R 432.1108
R 432.1108 Definitions; V to Z.
Cite as Mich. Admin. Code R 432.1108
Rule 108. As used in these rules:
(a) "Value chip" means a chip that is clearly and permanently impressed, engraved,
or imprinted with the name of the casino and the specific value of the chip.
(b) "Voting security" means a security that the holder may vote generally for the
election of a member or members of the board of directors or board of trustees of a
corporation or a comparable person or persons in the case of a partnership, trust, or another
form of business organization other than a corporation.
(c) "Wager" means an item that is representative of value risked on a gambling game
authorized under the act and these rules.
(d) “Wide area progressive system” means a system of EGDs that is approved by the
board and is linked as part of a network connecting one or more casinos and has an
aggregate prize or prizes.
(e) “Wide area progressive central system” means the computer hardware, network
equipment, and software applications responsible for calculation of the prize values, data
security, event monitoring, reporting, wagering activity, and communication of EGDs that
are linked at one or more casinos and contribute to an aggregate prize or prizes.