New Mexico Administrative Code › Title 15 - GAMBLING AND LIQUOR CONTROL › Chapter 1 - GAMES AND GAMING GENERAL PROVISIONS › Part 10 - CONDUCT OF GAMING ACTIVITY UNDER THE GAMING CONTROL ACT › Section 15.1.10.7 - DEFINITIONS

Current through Register Vol. 35, No. 13, July 16, 2024
Unless otherwise defined below, terms used in this rule have
				  the same meanings as set forth in the Gaming Control Act:
A.
"act"
means the Gaming
				Control Act;
B.
"additional
				payout"
means a supplemental cash payout, based on a jackpot, that is
				not reflected in the gaming machine pay table (e.g., double jackpot);
C.
"affiliate"
means a
				corporation that is related to another corporation by share holdings or other
				means of control; a subsidiary, parent, or sibling corporation;
D.
"allocate"
means the transfer
				of an allocating racetrack's right to operate a number of its authorized gaming
				machines to the receiving racetrack;
E.
"allocation agreement"
means
				a written contract between an allocating racetrack and a receiving
				racetrack;
F.
"allocating
				racetrack"
means a racetrack gaming operator licensee that has allocated
				or is proposing to allocate a number of its authorized gaming machines to a
				receiving racetrack pursuant to a valid allocation agreement;
G.
"allowable gaming expenses"
means the following bona fide expenses in reasonable and customary amounts:
license fees, including renewals and gaming machine license
				  fees;
H.
"balance of
				net take"
means the amount of net take remaining after the gaming
				operator licensee pays the gaming tax, income and other applicable taxes, and
				allowable gaming expenses as set forth in this rule;
I.
"charitable purposes"
means
				activities that promote, directly or indirectly, the well-being of the public
				at large or the benefit of an indefinite number of persons in the state; the
				term "charitable purposes" does not include operating expenses of the
				organization or any affiliated organization;
J.
"control"
means the
				possession, direct or indirect, of the power to direct or cause the direction
				of the management and policies of the licensee or to exercise significant
				influence over management and policies due to financial investment, assumption
				of debts or expenses, or other monetary or non-monetary considerations extended
				to the licensee;
K.
"credit
				slip"
means a cash-out ticket for winnings earned on a gaming machine
				that provides for credit play;
L.
"disciplinary action"
means an action by the board that limits,
				conditions, suspends or revokes a license, registration, finding of suitability
				or prior approval issued by the board, or an assessment of a fine by the board,
				or any combination of the foregoing;
M.
"educational purposes
" means
				activities or uses that develop the capabilities of individuals by formal
				instruction; the term "educational purposes" does not include the operating
				expenses of the organization or any affiliated organization;
N.
"gaming credit"
means an
				accumulation of awards on a gaming machine display screen rather than from the
				dispensing of winnings from a hopper; one gaming credit equals the denomination
				of the game being played;
O.
"independent administrator"
means:
(1) a bank licensed by the state or a
				national bank with an office in the state; or
(2) an insurance company admitted to transact
				business in the state with a best insurance rating of "A," "A+" or "A-";
				and
(3) one that is not an
				affiliate of the gaming operator licensee;