sec.137AKeno pooling agreements

sec.137A Keno pooling agreements

A keno licensee may enter into an agreement (a keno pooling agreement ) with an interstate entity to provide for— the keno licensee and the interstate entity to retain a percentage of amounts received (the pooling contributions ) by the keno licensee and the interstate entity from the conduct of jackpot keno games; and how pooling contributions are applied to form part of a prize for a jackpot keno game; and the transfer of pooling contributions between the keno licensee and the interstate entity; and the coordination of the conduct of jackpot keno games by the keno licensee and the interstate entity; and any other matter the chief executive believes is necessary for ensuring— the integrity of the conduct of keno games; or the public interest is not affected in an adverse and material way. An interstate entity is taken not to conduct a keno game in the State because of 1 or more of the following— the interstate entity is a party to a keno pooling agreement; the interstate entity conducts a jackpot keno game in another State; the interstate entity pays, or is required to pay, to a person a prize for a jackpot keno game. A prize for a jackpot keno game that is conducted in the State must not include an amount received by an interstate entity, other than an amount that is all or part of the pooling contributions. A keno licensee may only pay an amount for a prize for a jackpot keno game conducted in another State if the amount is all or part of the pooling contributions. In this section— interstate entity means an entity that conducts a keno game under a law of another State that provides for the conduct and playing of keno games in that other State. jackpot keno game , in relation to a keno pooling agreement, means a keno game that is the subject of the agreement. keno game includes a game commonly known in another State as keno. s 137A ins 2016 No. 56 s 6 (sec.137A-ssec.1) A keno licensee may enter into an agreement (a keno pooling agreement ) with an interstate entity to provide for— the keno licensee and the interstate entity to retain a percentage of amounts received (the pooling contributions ) by the keno licensee and the interstate entity from the conduct of jackpot keno games; and how pooling contributions are applied to form part of a prize for a jackpot keno game; and the transfer of pooling contributions between the keno licensee and the interstate entity; and the coordination of the conduct of jackpot keno games by the keno licensee and the interstate entity; and any other matter the chief executive believes is necessary for ensuring— the integrity of the conduct of keno games; or the public interest is not affected in an adverse and material way. (sec.137A-ssec.2) An interstate entity is taken not to conduct a keno game in the State because of 1 or more of the following— the interstate entity is a party to a keno pooling agreement; the interstate entity conducts a jackpot keno game in another State; the interstate entity pays, or is required to pay, to a person a prize for a jackpot keno game. (sec.137A-ssec.3) A prize for a jackpot keno game that is conducted in the State must not include an amount received by an interstate entity, other than an amount that is all or part of the pooling contributions. (sec.137A-ssec.4) A keno licensee may only pay an amount for a prize for a jackpot keno game conducted in another State if the amount is all or part of the pooling contributions. (sec.137A-ssec.5) In this section— interstate entity means an entity that conducts a keno game under a law of another State that provides for the conduct and playing of keno games in that other State. jackpot keno game , in relation to a keno pooling agreement, means a keno game that is the subject of the agreement. keno game includes a game commonly known in another State as keno.