Exchange of Chips and Tokens

PURPOSE: This rule establishes the process for exchange of chips and tokens. (1) Chips shall be issued to a person only at the request of that person and shall not be given as change in any other transaction. Chips shall be issued to excursion gambling boat patrons at cashier’s cages, at the live gaming devices, or at stations adjacent to the gaming area if approved by the commission. Chips may be redeemed at cashier’s cages. (2) Tokens shall only be issued upon the request of a patron from a cashier’s cage or from employees of the holder of a Class B license at the electronic gaming devices area. Tokens may be redeemed at a cashier’s cage. (3) Chips or tokens shall only be redeemed by a holder of a Class B license for its patrons and shall not be knowingly redeemed from any nonpatron source, provided, however, that nongaming employees of the excursion gambling boat may redeem chips or tokens they have received as gratuities. (4) Value chips may be accepted from patrons as payment at face value for food or beverages purchased on the gaming floor. Any change due back to the patron shall be provided in cash or U.S. coin. All value chips accepted as payment for food or beverages shall be exchanged for cash at the cage or main bank during the same shift they were accepted as payment. Non-value (roulette) and tournament chips shall not be used for purposes other than wagering on approved gambling games. Currency transaction reporting requirements shall apply to any qualifying dollar value exchanges of value chips for products or services. (5) Each excursion gambling boat shall promptly redeem its own chips and tokens by cash or by check dated the day of the redemption on an account of the excursion gambling boat as requested by the patron, except when the chips and tokens were obtained or used unlawfully. (6) Each excursion gambling boat may demand the redemption of its chips or tokens from any person in possession of them and that person shall redeem the chips or tokens upon presentation of an equivalent amount of cash by the excursion gambling boat. (7) No excursion gambling boat shall knowingly accept, exchange, use, or redeem gaming chips or tokens issued by another excursion gambling boat. (8) Each excursion gambling boat shall cause to be posted and remain posted in a prominent place— (A) On the front of a cashier’s cage, a sign that reads as follows—“Gaming chips issued by another riverboat may not be used, exchanged or redeemed on this riverboat”; (B) On electronic gaming device token redemption booths, a sign that reads—“Tokens issued by another riverboat may not be used, exchanged or redeemed on this riverboat”; and (C) Near each entrance to the casino floor, a sign that reads— “State law prohibits the use of gaming chips for purchases off the gaming floor.” AUTHORITY: sections 313.004, 313.807, and 313.817, RSMo 2016, and section 313.805, RSMo Supp. 2023.* Emergency rule filed Sept. 1, 1993, effective Sept. 20, 1993, expired Jan. 17, 1994. Emergency rule filed Jan. 5, 1994, effective Jan. 18, 1994, expired Jan. 30, 1994. Original rule filed Sept. 1, 1993, effective Jan. 31, 1994. Amended: Filed Feb. 19, 1998, effective Aug. 30, 1998. Amended: Filed May 13, 1998, effective Jan. 30, 1999. Amended: Filed Oct. 22, 2010, effective June 30, 2011. Amended: Filed June 29, 2023, effective Feb. 29, 2024. *Original authority: 313.004, RSMo 1993, amended 1994, 2014; 313.805, RSMo 1991, amended 1992, 1993, 1994, 2000, 2008, 2010, 2021, 2022; 313.807, RSMo 1991, amended 1993, 2000, 2012; and 313.817, RSMo 1991, amended 1992, 1993, 2000, 2008, 2014, 2016.