N.Y. Comp. Codes R. & Regs. tit. 9 § 5315.2

Current through Register Vol. 46, No. 45, November 2, 2024

Section 5315.2 - Promotional gaming credits

(a) Promotional gaming credit is a specified dollar amount that may be used by a player to play without paying any other consideration and is considered, without limitation, the following:

(1) Slot coupons are allowed to be redeemed for slot credits. Such coupon shall have printed on it the name of the issuing gaming facility, the city or town in which the gaming facility is located, the value of such coupon and an expiration date or, alternatively, the dates such coupon is valid for redemption.

(2) Table game coupons are allowed to be redeemed for play. Such coupon shall have printed on it the name of the issuing gaming facility, the city or town in which the gaming facility is located, the value of such coupon and an expiration date or, alternatively, the dates such coupon is valid for redemption.

(3) Match play coupons are allowed for wagering at table games. A patron's matching wager shall equal or exceed the dollar value of the match play coupon. A match play coupon shall have printed on it the name of the issuing gaming facility, the city or town in which the gaming facility is located, the value of the coupon and an explanation of such coupon's use. Match play coupons are a wager and shall be paid the specified odds payout for the wager being made. Each coupon shall have an expiration date printed on such coupon.

(4) Notwithstanding the foregoing in this subdivision, electronic representations of coupons may be used provided that the records of issuance and redemption of such coupons are documented, retained and audited according to this Part.

(b) The annual deductible value of promotional gaming credits on slots authorized for use by the gaming facility licensee in any State fiscal year shall not exceed 15 percent of slot gross gaming revenue and the annual deductible value of promotional gaming credits on table games authorized for use by the gaming facility licensee in any State fiscal year shall not exceed five percent of table game gross gaming revenue. The commission may, at the commission's discretion, authorize deviations from these limitations upon satisfactory illustration of benefit to the state.

(c) A gaming facility licensee found to be in violation of subdivision (b) of this section shall be subject to a fine of no more than $25,000.00.

(d) Credits paid for by a gaming facility licensee and provided to a patron shall not be considered promotional gaming credits.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 5315.2

Adopted New York State Register November 16, 2016/Volume XXXVIII, Issue 46, eff. 11/16/2016