§543.4. Does this part apply to small and charitable gaming operations?
25 C.F.R. § 543.4
Small gaming operations. This part does not apply to small gaming operations provided that:
The TGRA permits the operation to be exempt from this part;
The annual gross gaming revenue of the operation does not exceed $3 million; and
The TGRA develops, and the operation complies with, alternate procedures that—
Protect the integrity of games offered;
Safeguard the assets used in connection with the operation; and
Create, prepare and maintain records in accordance with Generally Accepted Accounting Principles.
Charitable gaming operations. This part does not apply to charitable gaming operations provided that:
All proceeds are for the benefit of a charitable organization;
The TGRA permits the charitable organization to be exempt from this part;
The charitable gaming operation is operated wholly by the charitable organization's agents;
The annual gross gaming revenue of the charitable operation does not exceed $3 million; and
The TGRA develops, and the charitable gaming operation complies with, alternate procedures that—
Protect the integrity of the games offered;
Safeguard the assets used in connection with the gaming operation; and
Create, prepare and maintain records in accordance with Generally Accepted Accounting Principles.
Independent operators. Nothing in this section exempts gaming operations conducted by independent operators for the benefit of a charitable organization.
Notes, amendments, and revision history
Authority
Authority: 25 U.S.C. 2702(2), 2706(b)(1-4), 2706(b)(10).
Source
Source: 77 FR 58712, Sept. 21, 2012, unless otherwise noted.