Inventory, storage and destruction of chips

(1) Where gaming chips, plaques or tokens are received from a manufacturer or distributor thereof, they shall be opened and checked by at least three people, one of whom shall be from the Accounting or Internal Auditing Department of the Casino. Any deviation between the invoice accompanying the chips, plaques or tokens and the actual chips, plaques or tokens received or any defects found in such chips, plaques or tokens shall be reported promptly to the Board. (2) After checking the gaming chips, plaques or tokens received, the Casino Licensee shall cause to be recorded in an inventory ledger the denomination of the chips, plaques or tokens received, the number of each denomination of chips, plaques or tokens received, the number and description of all non-value chips received, the date of such receipt and the signatures of the individuals who checked such chips, plaques or tokens. Gaming Control 49 (3) If any of the gaming chips, plaques or tokens received are to be held in reserve and not utilised for active gaming either at the gaming tables or in the cashier’s cage, they shall be sorted in a separate locked compartment either in the vault or in the cashier’s cage and shall be recorded in the chip inventory ledger as reserve chips, plaques or tokens. (4) Any gaming chips received that are part of the secondary set of chips of the Casino shall be recorded in the chip inventory ledger as such and shall be stored in a separate locked compartment in the Casino vault. (5) Whenever any gaming chips, plaques or tokens are taken from or returned to either the reserve inventory or the secondary set of chips, this shall be accomplished in the presence of at least two individuals and the denominations, quantity and value of chips, plaques, or tokens so taken or returned shall be recorded in the inventory ledger together with the date and signatures of the individuals carrying out this process. (6) Each Casino Licensee shall cause to be made, at least on a monthly basis, an inventory of chips, plaques or tokens in circulation and in reserve and shall cause the result of such inventory to be recorded in the inventory ledger. (7) The destruction of gaming chips, plaques or tokens shall be carried out in the presence of at least three people, one of whom shall be from the Accounting or Internal Auditing Department of the Casino, and the denomination, quantity and value or, in the case of non-value chips, the description of chips so destroyed shall be recorded in the inventory ledger together with the signatures of the individuals carrying out such destruction and the date on which such destruction took place. (8) During non-gaming hours all chips, plaques and tokens, other than those contained in a slot machine, in the possession of the Casino shall be stored in a locked compartment in the cashier’s cage, the Main Slot Bank, or in a locked container on a table. 50 Gaming Control (9) The Board shall be given at least 24 hours’ notice of the checking of chips, plaques or tokens received from a manufacturer or of the destruction of chips, plaques or tokens so that a Board Inspector may attend if the Board so wishes.