Prepaid access instrument definition

Prepaid access instrument means a system device that allows a casino gaming patron access to

Prepaid access instrument means a card, code, electronic serial number, mobile identification number, personal identification number or similar device that allows patron access to funds that have been paid in advance and can be retrieved or transferred at some point in the future through such a device. A Prepaid Access Instrument must be distributed by a licensed gaming operator or its affiliates and only Prepaid Access Instruments distributed by the licensee or its affiliates may be used to fund a wagering account at that licensee’s location or the location of its affiliates. The Prepaid Access Instrument may only be used in conjunction with an approved wagering account and may not be funded by payroll direct deposit.

Prepaid access instrument means a card, code, electronic serial number, mobile identification number, personal identification number or similar device that allows patron access

Examples of Prepaid access instrument in a sentence

• The term includes, without limitation, a Prepaid Access Instrument.

• A Prepaid Access Instrument must be distributed by a licensed gaming operator or its affiliates and only Prepaid Access Instruments distributed by the licensee or its affiliates may be used to fund a wagering account at that licensee 's location or the location of its affiliates.

• The Prepaid Access Instrument may only be used in conjunction with an approved wagering account.

• In addition, authorization for the use of a Prepaid Access Instrument can be conditioned on review of the instrument to ensure that it satisfies the applicable regulatory requirements and such other technical standards as the Chairman may determine.

• For the same reasons, a requirement that the Prepaid Access Instrument be linked to an "approved wagering account" -a term not defmed in the Regulations -is unnecessary.

• The Prepaid Access Instrument may only be used in conjunction with an approved wagering account and may not be funded by payroll direct deposit.

More Definitions of Prepaid access instrument

Prepaid access instrument means a card, code, electronic serial number, mobile identification number, personal identification number or similar device that allows patron access to funds that have been paid in advance and can be retrieved or transferred at some point in the future through such a device. A Prepaid Access Instrument must be distributed by a licensed

Prepaid access instrument means a card, code, electronic serial number, mobile identification number, personal identification number or similar device that allows patron access to funds that have been paid in advance and can be retrieved or transferred at some point in the future through such a device. To transfer funds for gaming purposes, a prepaid access instrument must be used in conjunction with an approved cashless wagering system, race book or sports pool wagering account, or interactive gaming account.