Oregon Lottery adopts new equipment management rules
November 28, 2012
When retailers own property in partnership with another business, they may have to comply with external asset management regulations.
The Oregon Lottery Commission has announced new equipment management rules to prevent the concentration of Video Lottery retailers, according to The Oregonian.
These new rules come as a response to public areas becoming overcrowded with video lottery retailers. While the problem is not widespread, some residents are unhappy with nearby strip malls that are centered around gaming sales.
The Lottery Commission defines the smallest concentration as more than three Video Lottery retailers in a strip mall that has seven or more storefronts or commercial spaces. For areas with more retail space, the rules allow for slightly higher numbers of video lottery sales. They also explain video lottery equipment refers to all related fixed assets
including game terminals, operational equipment, vending machines, display items and signage.
In addition, businesses must be open and operating for 90 days before applying to become a video lottery retailer.
The only current concentration is at a Hayden Island strip mall of 12 gaming focused establishments that reap more sales from lottery games, cigarettes and alcohol than grocery purchases, states the newspaper.