BASIS AND PURPOSE FOR RULE 1 
The purpose of Rule 1 is to present definitions of various terms used throughout the rules of the Colorado Limited Gaming Control Commission so that the rules can be uniformly applied and understood. The statutory basis for Rule 1 is found in sections 12-47.1-201, C.R.S., 12-47.1-203, C.R.S., and 12-47.1-302, C.R.S. 
RULE 1      GENERAL RULES AND REGULATIONS
47.1-101      Purpose and Statutory Authority.
These Rules and Regulations are adopted by the Colorado Limited Gaming Control Commission governing the establishment and operation of limited gaming in Colorado pursuant to the authority provided by article 47.1, title 12, C.R.S. The Commission will, from time to time, promulgate, amend and repeal such regulations, consistent with the policy, objects and purposes of the Colorado Limited Gaming Act, as it may deem necessary or desirable in carrying out the policy and provisions of that Act.
47.1-102      Construction.
Nothing contained in these regulations shall be so construed as to conflict with any provision of the Colorado Limited Gaming Act or of any other applicable statute.
47.1-103      Severability.
If any provision of these regulations be held invalid, it shall not be construed to invalidate any of the other provisions of these regulations.
47.1-104  Authorized games. 
Limited gaming permitted pursuant to article 47.1 of title 12, C.R.S., shall include only the following games: blackjack (21); poker; slot machines; craps; and roulette. All such games shall be conducted by licensees only in accordance with rules and regulations promulgated by the Commission.
47.1-105      Unauthorized Gambling.
(1)      	No licensee shall conduct or permit on its licensed premises any wagering or gambling, except limited gaming which is conducted according to all the rules and regulations promulgated by the Commission and except other wagering activities licensed or approved by an agency of the State of Colorado.
(2)  	No person shall make any unauthorized wager or conduct any gambling activity on licensed premises unless in accordance with the act, the rules and regulations promulgated by the Commission, or the laws and regulations governing other wagering activities which are licensed or approved by an agency of the State of Colorado.
47.1-106      Definitions.
The following definitions of terms, in addition to those set forth in section 12-47.1-103, C.R.S., shall apply to all rules and regulations promulgated pursuant to article 47.1 of title 12, of the Colorado Revised Statutes:
(1)    	“Agent or Employee of the Commission” shall include all employees of the Division;
(2)   	“Association” means two or more persons united and acting together without a corporate charter;
(3)      	“Background investigation” means the security, criminal history, and financial check of an applicant for a license to establish the suitability of such applicant to become a licensee;
(4)    	“Building” means a common structure that is built or constructed or any piece of constructed work artificially built up or composed of parts joined together in some definite manner;
(5)    	“Burn” means the dealer's act of removing the first card after the shuffle and placing it in the discards; also, the act of placing an active card in the discards;
(6)    	“Chip” means a nonmetal or partly metal representative of value, redeemable for cash, issued and sold by a licensee for use at gaming;
(7)    	“Convicted of a Crime” shall include any ultimate finding of fact in a criminal proceeding that an individual is guilty of a crime, whether the judgment rests on a verdict of guilty, a plea of guilty, or of nolo contendere, and irrespective of whether entry of judgment or imposition of sentence is suspended or deferred by the court;
(8)    	“Costs” means sums of money to be paid to the Commission for testing of slot machines, devices, and equipment;
(8.3)    	“Hopper Ticket” means an encoded credit ticket produced by a slot machine ticket printer system when cashing out redeemable credits.
(8.5)
(a)      	“Credit” means allowing any person any length of time in which to make payment or otherwise honor a financial obligation, whether express or implied in any particular and includes lending of cash or cash equivalent.
(b)    	Markers, promissory notes, IOWs or similar transactions or instruments constituting a memorandum of debt accepted for purposes of participating in limited gaming which are not checks are credit instruments.
(c)    	“Credit” does not include:
(1)      	transactions in the ordinary course of business which are both disclosed to the Division and approved by the Commission as authorized interests, pursuant to sections 12-47.1-808, 835, C.R.S, or regulations 47.1-308, 309, 310, 405, 420;
(2)    	lawful transactions in the ordinary course of business in which licensees share resources with each other for business purposes and in which licensees have no ability to attempt to exert control over the affairs of other licensees; and
(3)    	Pre-paid magnetized strip cards used in lieu of cash, chips, or tokens.
(8.7)  	“Dice” means small cubes, each with a different number of spots (1-6) on each side, used in games of chance to generate random numbers.  
(9)  	“Drop” means the total amount of money, chips, tickets, coupons, and tokens removed from the drop boxes;
(10)  	“Drop box” means a locked container permanently marked with the game and a number corresponding to a permanent number on the table for blackjack, poker, craps, and roulette tables. For slot machines, a container in a locked portion of the machine or its cabinet used to collect the money and tokens retained by the machine that is not used to make automatic payouts from the machine;  
(11)      	“Financial institution” means a bank, savings and loan association, credit union, trust company, or other similar entity chartered by the United States, a state, or a territory or commonwealth of the United States;
(12)  	“Free play” in relation to promotional items, means the use of a coupon that is issued to a patron by an establishment for slot machine play for which no bet is required;   Eff  11/30/2006
(13)      	“Gaming contract” means an agreement in which a person does business with or on the premises of an entity licensed under article 47.1 of title 12, C.R.S.;
(13.5)  	“Gaming device” or “gaming equipment” includes, in addition to the definition set forth in section 12-47.1-103(10), C.R.S., any progressive system, slot monitoring or control system, ticket redemption kiosk, or cashless system.   Eff  04/30/2007
(14)      “Gaming employee” means, in addition to the definition set forth in section 12-47.1-103(11),
(a) 	All persons employed by licensed manufacturers or distributors who install, repair or maintain gaming devices or equipment on the premises of licensed operators or retailers, either directly or by remote access; and   Eff  12/30/2008
(b  	All persons who perform accounting functions, services or duties for any retailer's or operator's business involving the handling, processing, manipulating or generating of gaming documentation or funds, except those persons who perform solely, payroll, or payables services who do not have access to gaming documentation or funds, or those persons who perform independent audits.   Eff  12/30/2008
 (14.5)   “House banked” means a game in which players with winning hands are paid by the dealer with money from the chip bank on the poker table and/or by hand with money belonging to the retail licensee. In a house banked game, player's wagers will not be pulled into a common pot, nor will such a pot be awarded to players with winning hands.
(15)  	“Imprest bank” means a predetermined dollar amount of chips, tokens, or cash kept by the licensee;
(16)      	“Jackpot verification mode” means the period of time between the progressive jackpot activation of a progressive slot machine and the resetting of the device which caused its activation;
(17)    	“Lammer” or “lammer button” means a chip-like implement with a numeral;
(18)    	“Licensee” means a person holding any license issued by the Commission, and an employee, agent, or representative of any such person.
(19)    	“Link” means one or more progressive slot machines that are connected to a progressive controller and that may be played in order to achieve the stated progressive amount;
(20)  	“Matched play” means the use of a coupon at table games that is issued to a patron by an establishment for play that must be accompanied by a bet;   Eff  11/30/2006
(21)      	“Moral turpitude” means an act done contrary to honesty and good morals; it is an act of baseness, vileness, or depravity in the private and social duties which a person owes to a fellowperson or to society in general;
(22)      	“Normal mode” means the mode of a progressive slot machine at all times other than when it is in the jackpot verification mode;
(22.2)  	“Physical skill” means an individual’s physical coordination, agility, or nimbleness, or lack thereof;   Eff  11/30/2007
 (22.5)   “Player banked” means a game in which players with winning hands are awarded all or part of a pot which consists of pooled antes, blinds, and wagers made by players playing in the hand. In a player banked game, the bankroll of the retail licensee is not at risk and is not used to pay winning wagers. The licensee will maintain only an imprest bank at the table.
(23)      	“Progressive controller” means the hardware and software that controls all communications among the slot machines within a progressive slot machine link and its associated progressive meter, or among the gaming tables which offer a metered progressive jackpot within a progressive table game link and its associated progressive meter.
(24)      	“Proposition player” means a person in a poker game paid a fixed sum by the licensee for the specific purpose of playing in a card game, who uses personal funds and who retains the winnings and absorbs the losses;
(24.5)   	“Side Bet” means an unauthorized wager between or among a player and one or more other persons which is apart from, or independent of, wagers permitted by the rules of any approved game or wagering activity.
(24.7)   	“Slot Coupon” means an encoded credit certificate which, when inserted into a slot machine, is validated by a computerized system which causes redeemable credits on the face amount to be placed on the machine. A slot coupon has no value unless inserted into a slot machine or redeemed by the casino in another approved manner;
(25)      	“Strategy card” means a small, hand-held card imprinted with information which analyzes or suggests the strategy for playing or betting to be used in any authorized casino game. The card may have a movable dial or slide, but it may not have any electronic computing or electronic display capability.
(26)      	“Substantial interest” means the lesser of: as large an interest in a corporation, partnership, or association as that of any other shareholder, partner, or principal; or any financial or equity interest equal to or greater than 5%;
(27)      	“Support licensee” means a gaming employee licensed by the Commission, but does not include licensed key employees;
(27.3)   	“Ticket” means an encoded credit ticket produced by a slot machine ticket printer system when cashing out redeemable credits; (47.1-106(8.3) added perm. 10/30/99)
(27.5)   	“Tournament chip” means a chip issued by a licensee for use solely in tournaments and promotions at a licensed retail location.
(28)  	“Token” means a metal or other approved material representative of value, redeemable for cash, issued and sold by a licensee for use in gaming; and (47.1-106(28) amended perm. 10/30/99)   Eff  11/30/2006
(29)  	“Wager” means a sum of money, electronic promotional credits or thing of value risked on an uncertain occurrence. Credit and debit cards are not considered wagering instruments and cannot be used in conjunction with limited gaming.   Eff  11/30/2006
(30)  	“Wireless” means a wireless handheld validation unit used with a supporting Wireless Local Area Network (WLAN) as part of an approved automated slot monitoring system.

BASIS AND PURPOSE FOR RULE 12 
The purpose of Rule 12 is to establish a procedure for the testing and approval by the Commission of gaming devices and equipment, to establish requirements for the gaming devices and equipment to be used in limited gaming in Colorado, and to establish procedures for the storage of gaming devices and equipment in compliance with section 12-47.1-302 (2), C.R.S. The statutory basis for Rule 12 is found in sections 12-47.1-201, C.R.S., 12-47.1-203, C.R.S., 12-47.1-302, C.R.S., and 12-47.1-806, C.R.S.
47.1-1223 Meters.
(1)    	A slot machine must have electronic (soft) meters with all meters being visible without opening the machine. These meters must have at least ten digits and they must accumulate in electronic digital storage and provide the means for on-demand display of the stored information.   Eff  03/02/2007
(2) 	All slot machines must have the following soft meters. These meters are displayed in dollars and cents.
(a)  	Coin in. The machine must have a meter specifically labeled “Coin In” that accumulates for all wagers made no matter the form in which the wager was made. The Coin In meter must accumulate the total value of all wagers (coins, tokens, currency, tickets, or any other means of placing a wager). This meter shall:
(i)  	For multi-game and multi-denomination/multi-game machines, provide the information necessary, on a per paytable basis, to calculate a weighted average theoretical payback percentage; and
(ii)  	For machines which contain paytables with a difference in theoretical payback percentage which exceeds four percent between wager categories, maintain and display coin in meters and the associated theoretical payback percentage, for each wager category with a different theoretical payback percentage, and calculate a weighted average theoretical payback percentage for that paytable.
(b)  	Coin Out. The machine must have a meter specifically labeled ” Coin Out” that accumulates the total value of all amounts directly paid by the machine as a result of winning wagers, whether the payout is made from the hopper, to a credit meter, or by any other means. This meter will not record amounts awarded as the result of any external bonusing system or a progressive payout.   Eff  11/30/2007
 (c)  	Machine Paid Progressive Payout. The machine must have a meter specifically labeled “Machine Paid Progressive Payout” that accumulates the total value of credits paid as a result of progressive awards paid directly by the machine. This meter does not include awards paid as a result of an external bonusing system.
(d)  	Coin Drop. The machine must have a meter specifically labeled “Coin Drop” that accumulates the total value of coins or tokens diverted to the drop.
(e)  	Bill In. The machine must have a meter specifically labeled “Bill In” that accumulates the total value of currency accepted. Additionally, the machine must have a specific meter for each denomination of currency accepted that records the number of bills accepted of each denomination.
(f)  	Attendant Paid Jackpots. The machine must have a meter specifically labeled “Attendant Paid Jackpots” that accumulates the total value of credits paid by an attendant resulting from a single winning alignment or combination, the amount of which is not capable of being paid by the machine itself. This does not include attendant paid progressive amounts or amounts awarded as a result of an external bonusing system. This meter only includes awards resulting from a specifically identified amount listed in the manufacturer’s par sheet.
(g)  	Attendant Paid Progressive Payout. The machine must have a meter specifically labeled “Attendant Paid Progressive Payout” that accumulates the total value of credits paid by an attendant as a result of progressive awards that are not capable of being paid by the machine itself.
(h)  	Attendant Paid Cancelled Credits. The machine must have a meter specifically labeled “Attendant Paid Cancelled Credits” that accumulates the total value paid by an attendant resulting from a player initiated cash-out that exceeds the physical or configured capability of the machine to make the proper payout amount.
(i)  	Voucher Out. The machine must have a meter specifically labeled “Voucher Out” that accumulates the total value of all tickets issued by the machine.
(j)  	Voucher In. The machine must have a meter specifically labeled “Voucher In” that accumulates the total value of all tickets, including slot coupons, accepted by the machine.   Eff  11/30/2007
(k)  	Wagering Account Transfer In (WAT In). The machine must have a meter specifically labeled “WAT In” that accumulates the total value of cashable credits electronically transferred to the machine from a wagering account by means of an external connection between the machine and a cashless wagering system.   Eff  11/30/2007
(l)  	Wagering Account Transfer Out (WAT Out). The machine must have a meter specifically labeled “WAT Out” that accumulates the total value of cashable credits electronically transferred from the machine to a wagering account by means of an external connection between the machine and a cashless wagering system.   Eff  11/30/2007
(m) 	Cashable Electronic Promotion In (CEP In). The slot machine must have a meter specifically labeled “Cashable Electronic Promotion In” that accumulates the total value of cashable credits electronically transferred to the slot machine from a promotional account by means of an external connection between the slot machine and a cashless wagering system an electronic promotional credit system. Eff  11/30/2007 
(n) 	Cashable Electronic Promotion Out (CEP Out). The slot machine must have a meter specifically labeled “Cashable Electronic Promotion Out” that accumulates the total value of cashable credits electronically transferred from the slot machine to a promotional account by means of an external connection between the slot machine and a cashless wagering system an electronic promotional credit system. Eff  11/30/2007
(o)  	Machine Paid External Bonus Payout. The machine must have a meter specifically labeled “Machine Paid External Bonus Payout” that accumulates the total value of additional amounts awarded as a result of an external bonusing system and paid by the slot machine.   Eff  11/30/2007
(p)  	Attendant Paid External Bonus Payout. The machine must have a meter specifically labeled “Attendant Paid External Bonus Payout” that accumulates the total value of amounts awarded as a result of an external bonusing system paid by an attendant.   Eff  11/30/2007
(q)  	Non-Cashable Electronic Promotion In (NCEP In).  The slot machine must have a meter specifically labeled “Non-Cashable Electronic promotion In” that accumulates the total value of non-cashable credits electronically transferred from a promotional account to the slot machine by means of an external connection between the slot machine and an electronic promotional credit system.   
(r)  	Non-Cashable Electronic Promotion Out (NCEP Out).  The slot machine must have a meter specifically labeled “Non-Cashable Electronic Promotion Out” that accumulates the total value of non-cashable credits electronically transferred from the slot machine to a promotional account by means of an external connection between the slot machine and an electronic promotional credit system.
(qs) 	Such other meters as may be required by the Director. Eff  11/30/2007
47.1-1236 Error conditions-Automatic reset. 
Slot machines must be capable of detecting and displaying the following conditions, which must be automatically cleared by the slot machine upon initiation of a new play sequence: 
(1)  	Door Open. (47.1-1235 perm.09/30/97) 
(2)  	If communication is lost between a cashless system and slot machines interfaced to it, the slot machines or the system display devices must communicate this fact to patrons trying to access their accounts. (amend, perm. 03/30/02) 
(32) 	If a power loss or any door open condition occurs when accepting and escrowing a ticket while awaiting validation confirmation, the ticket should either maintain a valid status in the TITO system and be returned to the patron, or the appropriate automatic payment should be vended with the ticket being stacked in the note acceptor and redeemed on through the system after the error condition is cleared. (amend, perm. 12/31/11)
47.1-1261 Specification for slot coupons. 
A slot coupon is an encoded coupon that is only issued by a licensee’s slot monitoring system to be redeemed at a slot machine, cage validation unit or kiosk.  Slot coupons must: 
Slot coupons must: 
(1) 	Be the same dimensions as U.S. currency. 
(2) 	Have an expiration date. 
(3) 	Contain the printed name of the casino. 
(4) 	Be clearly labeled as a slot coupon. 
(5)  	Have a validation number, which must be printed on the leading edge of the ticket. The validation number must be unique to each slot coupon.  (amend, perm. 12/31/11)
(6) 	Have a secondary validation number, identical to the primary validation number, which must be printed on the body of the ticket. 
(7) 	Contain a coupon bar code generated with a unique algorithm. 
(8) 	Contain a description of any restrictions on the redemption of the coupon. 

(9) 	Be generated by a slot monitoring system approved by the Division.
(10) 	Contain the dollar value of the coupon printed both numerically and in text. 
(11) 	Contain a sequence number for all slot coupons printed for each specific promotion or event. 
(12) 	Be redeemable by being played or cashed out.
47.1-1283  Electronic promotional credit system definition.

“Electronic promotional credit system” means a system of components, hardware, software and communication technology that securely transmits credits to and from a slot device in the form of electronic promotional credits.  There are two types of promotional credits in the electronic promotional credit system.  

(1)	Cashable electronic promotional credits are the total value of cashable credits electronically transferred to a slot machine from a patron’s promotional account by means of an external connection between the slot machine and the electronic promotional credit system.  These credits must be redeemable for cash by the patron.
(2) 	Non-cashable electronic promotional credits are the total value of non-cashable credits electronically transferred to or from the slot machine from or to a patron’s promotional account by means of an external connection between the slot machine and the electronic promotional credit system. These credits are not redeemable for cash.
47.1-1284 Electronic promotional control program requirement.
Slot machines linked to electronic promotional credit systems must have the ability to recall the last 25 transactions received from and the last 25 transactions transmitted to the electronic promotional credit system.  The transaction logs must include the transaction value, and time and date, or a single 100-event log; the single event log must have the type of transaction (upload/download) including restrictions (cashable/non-cashable), transaction value, time and date.
47.1-1285 Electronic promotional credit system standards.
(1)  	Communication between slot machines, other devices and electronic promotional credit systems must be secured in a manner approved by the Division.  Electronic promotional credit system access controls (individual login and password) must be used to secure all functions.  All electronic promotional system users must be granted requisite permission to a function(s) on any electronic promotional credit system ensuring access controls provide adequate segregation of duties. 
(2)  	The communication process used between gaming devices and the electronic promotional credit system must be robust and stable enough to secure all transactions such that all events can be identified and logged for subsequent audit and reconciliation.    
(3)  	The issuance of promotional points, credits or player reward points must be authorized only by licensees as designated in the internal control minimum procedures.  
(4)  	In addition to all other requirements of this section, the licensee must comply with the following standards:
(a)	All winning wagers, including a winning wager made with a non-cashable electronic credit, shall be paid with cashable credits;    
(b)	The cashable and non-cashable status of promotional credits  when transferring to or from a patron’s promotional account must be maintained.   Cashable promotional credits must never be converted to non-cashable promotional credits;
(c)	All cashable electronic promotional credits must be paid from the slot machine.  Cashable electronic promotional credits cannot be uploaded into the patron’s promotional account;
(d)	Electronic promotional credit systems that do not have the ability to upload non- cashable promotional credits from the slot machine to the electronic promotional credit system must only allow cashable credits to be downloaded from the electronic promotional credit system to the slot machine;
(e)	The electronic promotional credit system must prompt the patron to enter a unique identifier known as a Personal Identification Number (PIN) prior to redeeming electronic promotional credits;
(f)	All promotional accounts must be solely owned.  Patrons must access their account utilizing their magnetic strip card and PIN;
(g)	Any disclaimers and rules for the promotional credits must be clearly identified or displayed to the patron;
(h)	If any communication errors are present, there must be a message to notify the patron;
(i)	The electronic promotional credit system must prohibit direct wagering at a slot machine through the use of a credit card or debit card;
(j)	The electronic promotional credit system must employ network clock synchronization technology; and
(k)	The electronic promotional credit system must provide a system log that documents access or attempted access to patron accounts.
47.1-1286 Establishing an account.
Patron promotional accounts are enabled to allow the direct electronic transfer of promotional credits to a slot machine.  Transfers are recorded using the electronic promotion metering methodology.
Only licensees are allowed to establish patron accounts in the electronic promotional credit system.  For security, which must be guaranteed at all times, and verification purposes, the electronic promotional credit system must allow the patron to independently and confidentially enter a secure PIN a minimum of two times; the two numbers must successfully match each time entered.  
47.1-1287 Personal identification number (PIN).
Electronic promotional credit systems allow patrons to play slot machines through the use of a unique magnetic strip card, which accesses a patron’s promotional account in the electronic promotional credit system.  The licensee issues a patron a unique magnetic strip card.  The patron establishes his/her PIN.
Electronic promotional credit systems approved for use at the licensee’s facility must allow:
(1)  	No more than three (3) consecutive failed PIN entry attempts prior to locking the patron’s promotional  account;
(2)  	The entering of a PIN that is encrypted and masked from any view, and;
(3)  	All patrons to have the ability to change or authorize the change of their PIN which would include resetting the PIN.
47.1-1288 Patron account history.
The licensee must, upon patron request with proper identification, provide the patron access to his/her thirty (30) day electronic promotional transaction history.  Upon written request by the patron, additional transaction history must be provided within fourteen (14) calendar days.    Extensions to the 14 calendar day requirement must be approved by the Division.  The report must include the: 
(1)  	Last four digits of the patron’s account number and/or the patron’s last name;
(2)  	        Name of licensee’s premises where the report was generated;Transaction history; and
(3)  	Account balance. 

If online access is provided for patrons to view their account balances or transaction histories, physical and/or logical restrictions must exist to provide independent operation from the electronic promotional credit system.  
47.1-1289   Communication.
The following types of messages must be displayed to patrons on either the slot machine or a system display attached to the slot machine, to indicate the reason(s) for transaction failure or unintended results:
(1)  	Invalid PIN – can prompt for re-entry, but must not allow access until the correct  PIN is provided.  The electronic promotional credit system must allow no more than three (3) consecutive failed access attempts before the system “locks” the patron’s promotional account, requiring patron and licensee action. 
(2)  	Communication Failure – must result if the electronic promotional system or any interfaced slot machine loses communication with each other.
(3)  	Account Unknown/Locked – must display a message indicating the electronic promotional card is not recognized by the electronic promotional credit system.  

(4)  	Time-out – A message must be displayed to the patron indicating he/she did not access his/her electronic promotional account within a specific time frame after successful PIN input.       
Slot machines interfaced to an electronic promotional credit system must, at the slot machine level, display a relevant informational message whenever any patron-initiated transaction occurs.   During the transaction, the slot machine must possess bi-directional communication and must “lock” until the transaction is completed and the transfer is confirmed. 
47.1-1290 Promotional play without an established electronic promotional account.
An electronic promotional credit system may be used by licensees to issue promotional credits to patrons who may not have an established account on the electronic promotional system.  In this case, a unique PIN is not required. 
47.1-1291 Control system operations.
At a minimum, the licensee must ensure the electronic promotional credit system performs the following functions:
(1)  		Validate the identity of the device(s) from which a transmission is received;
(2)  		Monitor data for complete and accurate transmission; 
(3)  		Detect the presence of corrupt or lost data packets; and 

(4)        As necessary, reject the transmission.  
47.1-1292 Transfer of electronic promotional credits.
All non-cashable credits must be wagered before any cashable credits are committed.   If non-cashable and cashable credits are co-mingled on the credit meter of the slot machine, the slot machine must wager the credits from the non-cashable credit balance first.  
Electronic promotional credit systems must have the ability to upload non-cashable credits to the patrons promotional account.  
All cashable credits on a slot machine must be paid out at the slot machine.  

BASIS AND PURPOSE FOR RULE 16 
The purpose of Rule 16 is to establish accounting and internal control procedures for licensees which will include various report and statement requirements for reporting and paying gaming taxes and fees, records of ownership requirements, standard financial and audited financial statements, procedures for handling cash and meeting minimum bankroll requirements, adjusted gross proceeds computations, and record retention requirements. The statutory basis for these requirements is found in sections 12-47.1-102, C.R.S., 12-47.1-201, C.R.S., 12-47.1-203, C.R.S., 12-47.1-302, C.R.S., 12-47.1-602, C.R.S., and 12-47.1-806, C.R.S.
47.1-1603 Adjusted gross proceeds computations. 
(1)  	For each blackjack, craps or roulette game, adjusted gross proceeds equals the closing bankroll plus credit slips for cash, chips, or tokens returned to the casino cashier cage, plus drop, plus face value of coupons, less opening bankroll and less fills to the table.  
(2)  	For each slot machine, adjusted gross proceeds equals drop plus + tickets plus +  slot coupons dropped + cashable electronic promotion in + non-cashable electronic promotion in less -  fills to the machine, less -  hand pay jackpot payouts, - hand pay external bonus payouts and accumulated credits, - non-cashable electronic promotion out, and less -  tickets redeemed. The initial hopper load is not a fill and does not affect adjusted gross proceeds. The difference between the initial hopper load (or the amount in the hopper at the time of the previous hopper count if the coins/tokens counted were returned to the hopper) and the total amount that is in the hopper at the time the hopper is currently counted must be adjusted accordingly as additional revenues or a credit adjustment when calculating adjusted gross proceeds. This amount is reported on the monthly gaming tax return for the month in which the hopper count was conducted, and is reflected in the hopper adjustment column for the corresponding denomination. Hoppers must also be counted and the corresponding adjustment reflected on the gaming tax returns at other times as specified in the internal control minimum procedures. If a licensee does not make or makes inaccurate additions or subtractions when calculating adjusted gross proceeds, the Division may compute an estimated total amount in the slot machine hoppers and may make reasonable adjustments to adjusted gross proceeds during the course of an audit, review, or other examination procedures.
(3)  	For each player banked poker game, adjusted gross proceeds equals all money received by the licensee as compensation through the rake process, for conducting the game, plus poker tournament entry fees. (47.1-1603(3) amended; perm. 11/30/96)  
 (4)  	For each house banked poker game, adjusted gross proceeds equals the closing bankroll plus credit slips for cash, chips, or tokens returned to the casino cashier cage, plus drop, plus face value of coupons, less opening bankroll, less fills to the table, and less hand-paid jackpots or awards.  (47.1-1603(4) (shill computations) deleted; new (4) added, perm. 11/30/96)   Eff  11/30/2006
(5)  	A licensee shall not exclude from adjusted gross proceeds money paid out on wagers that are knowingly accepted by the licensee in violation of Article 47.1 of Title 12, C.R.S., or the regulations thereunder of the Commission.   Eff  11/30/2006
(6)  	Returned and uncollectable checks are not allowed as a deduction from adjusted gross proceeds.  (47.1-1603 amended perm. 10/30/99)   Eff  11/30/2006
(7)    	A licensee shall not exclude from adjusted gross proceeds money paid out on wagers that exceed the value of the winning combination posted unless previously approved by the Division.   Eff  11/30/