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No person either as owner, lessee, agent, employee, mortgagee or otherwise shall operate, keep, maintain, rent, use or conduct within the City any machine, contrivance, appliance or mechanical device upon the result of the action of which, money or any commodity, merchandise or other valuable thing is staked or hazarded, and which is operated or played by placing or depositing therein any coins, substitutes for coins, checks, slugs, balls or other article or device, or in any manner, and by means of the action whereof, or as a result of the operating of which, any merchandise, money or article of value, check or token redeemable in or exchangeable for money or any other thing of value or article representing value is won or lost, or taken from or obtained from such machine, when the result of the action or operation of such machine, contrivance, appliance or mechanical device is dependent upon hazard or chance. (Prior code § 17-16)