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PTEK » Topics » Federal Regulation.

These excerpts taken from the PTEK 10-K filed Mar 31, 2009.
Federal Regulation. Gaming devices are governed by the Federal Gambling Devices Act of 1962 (the “Johnson Act”). The Johnson Act generally prohibits the transportation of a gambling device from one state to another unless the receiving state has legalized the use of the gambling device. The Johnson Act also requires registration for manufacturers of gaming devices.

Federal
Regulation. Gaming devices are governed by the Federal Gambling Devices
Act of 1962 (the “Johnson Act”). The Johnson Act generally prohibits the
transportation of a gambling device from one state to another unless the
receiving state has legalized the use of the gambling device. The Johnson Act
also requires registration for manufacturers of gaming devices.



EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 31, 2009

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