R 432.1108

R 432.1108 Definitions; V to Z.

Last amended: 2026Year: 2026Length: 197 wordsOfficial source

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.
R 432.1108: R 432.1108 Definitions; V to Z. | Justis AI