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Vocabulary terms and definitions related to the laws, regulations, and operational requirements for a Nevada Restricted Gaming License.
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Nevada Restricted Gaming License
A state gaming license allowing no more than 15 slot machines and no other gaming device, race book, or sports pool, where slot gaming is secondary to the establishment's primary business.
Nonrestricted Gaming
A gaming operation consisting of 16 or more slot machines.
Incidental to the primary business
A requirement that slot gaming must be secondary to the establishment's main business rather than the primary purpose of the establishment.
NRS Chapter 463
The Nevada statute that defines restricted and nonrestricted gaming operations, including provision NRS 463.0189.
Slot Route Operator
A licensed gaming operator that operates slot machines at restricted gaming locations under authorized arrangements.
Nevada Gaming Control Board (NGCB)
The agency responsible for investigating gaming applicants, regulating, enforcing, and making recommendations.
Nevada Gaming Commission (NGC)
The body that takes final regulatory and licensing action on gaming applications.
Tax and License Division
A division of the NGCB that handles and collects gaming taxes, license fees, penalties, interest, and fines.
Minimum Legal Gambling Age
The legal age of 21 years; individuals below this age are prohibited from playing, placing wagers, or collecting winnings personally or through an agent.
Suitability
The requirement that gaming applicants and licensees satisfy Nevada's standards for involvement in the gaming industry, including honesty and full disclosure.
NRS 463.200
A statute requiring restricted gaming applicants who do not own their premises to provide a sworn, notarized statement from the owner regarding whether consideration for the premises increased due to gaming.
Gaming Patron Dispute
A disagreement involving gaming activity, such as winning credits, machine operation, or amounts allegedly owed.
Progressive Jackpot
A jackpot whose displayed value can increase according to the operation of the gaming system or machines.
Internal Control
A procedure or system designed to protect gaming assets, ensure accurate records, restrict access, and create accountability.
Gaming Money Principles
The standard that all gaming funds must remain secure, accountable, and traceable.
Minimum Bankroll
The minimum amount of available funds required to meet gaming obligations to patrons, as governed by Nevada Gaming Commission Regulation 6.150.
Restricted Licensee Compliance Seminars
Compliance education conducted by the NGCB Tax and License Division for applicants, owners, and managers of restricted establishments.
Annual Slot-Machine Tax
A tax of 250 per slot machine (3,750 for 15 machines), which may be prorated based on the month the machine is placed into operation.
Quarterly Restricted License Fee (1st Machine)
The specific quarterly fee of 81 required for the first slot machine in a restricted operation.
Quarterly Restricted License Fee (5 Machines)
The specific quarterly fee of 405 required for five slot machines in a restricted operation.