10.34.320 PROHIBITION OF FINANCIAL INTEREST IN BINGO.

With the exception of revenue generated by any business or enterprise for which a permit is required pursuant to this chapter, no bingo supplier shall have a financial interest in the conduct of a bingo game operated in the City of San Mateo.

A supplier shall be deemed to have a financial interest in the conduct of a bingo game including, but not limited to, the following situations: (1) if the price or cost of bingo supplies is adjusted based on the profits, losses or tax exempt status of any organization licensed under this chapter; or (2) if the supplier absorbs, assumes, shares or otherwise participates in the losses, or profits of any bingo game conducted by any organization permitted under this chapter.