Virginia Gaming Commerce Regulation Act; established, penalties, report.

This bill amends Virginia state laws to update definitions and regulations concerning gaming devices, gambling, and skill games. It clarifies that machines offering prizes based on chance are gambling devices, while explicitly excluding electronic gaming devices authorized under a separate chapter. The legislation also expands the definition of illegal gambling to include the playing or offering of skill games, provided they involve elements of chance or specific operational criteria. By adding new sections to the Code of Virginia, the bill establishes a clearer legal framework for regulating gambling activities and defining what constitutes an illegal operation.