§ 543.4. Does this part apply to small and charitable gaming operations?
221 words·~1 min read·
/us/cfr/t25/s§ 543.4·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Small gaming operations. This part does not apply to small gaming operations provided that:
(1)The TGRA permits the operation to be exempt from this part;
(2)The annual gross gaming revenue of the operation does not exceed \$3 million; and
(3)The TGRA develops, and the operation complies with, alternate procedures that:
(i)Protect the integrity of games offered;
(ii)Safeguard the assets used in connection with the operation; and
(iii)Create, prepare and maintain records in accordance with Generally Accepted Accounting Principles.
(b)Charitable gaming operations. This part does not apply to charitable gaming operations provided that:
(1)All proceeds are for the benefit of a charitable organization;
(2)The TGRA permits the charitable organization to be exempt from this part;
(3)The charitable gaming operation is operated wholly by the charitable organization's agents;
(4)The annual gross gaming revenue of the charitable operation does not exceed \$3 million; and
(5)The TGRA develops, and the charitable gaming operation complies with, alternate procedures that:
(i)Protect the integrity of the games offered;
(ii)Safeguard the assets used in connection with the gaming operation; and
(iii)Create, prepare and maintain records in accordance with Generally Accepted Accounting Principles.
(c)Independent operators. Nothing in this section exempts gaming operations conducted by independent operators for the benefit of a charitable organization.