R 432.1826 Exchange of chips.

Rule 826. (1) A casino licensee may issue chips only upon a patron’s request and a casino licensee may not give chips as change in any other transaction. Unless otherwise permitted by the board, in writing, a casino licensee shall issue chips only to casino patrons at cashier's cages or at the live gaming devices and may redeem chips only in the casino at board-approved locations. (2) Unless approved by the board, in writing, a casino licensee may redeem chips only from its patrons and may not knowingly redeem chips from any nonpatron source, except as follows: (a) If employees of the casino present chips for redemption in the casino. (b) If another casino licensee presents chips for redemption that have been lawfully received by the casino licensee. (c) Subject to the approval of the board, if a person who is licensed to conduct gaming in another jurisdiction presents chips for redemption that have been lawfully received by the person. (3) A casino licensee must promptly redeem its own chips by cash or by check dated the day of the redemption on an account of the casino licensee, as requested by the patron, except when the chips were obtained or used unlawfully. (4) A casino licensee may demand the redemption of its chips from any individual in possession of them. If demanded by a casino licensee, an individual must redeem the chips and receive from the casino licensee the equivalent amount in cash or check dated the day of the redemption.