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Interpretation

Gaming Control (Licensed Gaming Premises) (Accounting And Internal Control) Regulations, reg. 2 · Revised Edition 2020

(1) In these Regulations, unless the context otherwise requires“the Act” means the Gaming Control Act; “the Board” means the Gaming Control Board established under section 4 of the Act; “Cage Cashiers” means the cashiers referred to in regulation 14 below; “cash equivalent” means the equivalent of cash in the form of a travellers cheque, money order, certified cheque, cashier’s cheque or a voucher recording cash drawn against a credit card or a charge card or a cheque issued by the casino licensee accepting it; “casino” or “licensed gaming premises” means premises in respect of which a gaming licence is for the time being in force in respect of those premises; Gaming Control 125 “Accounting Department” in respect of the casino gaming activities of a casino licensee, means the Department established to effect the controls referred to in regulation 12 below; “casino licensee” means the holder of a gaming licence issued by the Board pursuant to the provisions of the Gaming Control (General Regulation of Licensed Premises) Regulations, designating casino gaming as one of the games authorised under the licence; “Casino supervisor” means a person in a supervisory capacity who is required to perform certain functions specified under these Regulations and includes (but is not limited to) inspectors, supervisors, pit bosses, casino shift managers, assistant casino managers and the casino manager; “change person” means a person employed in the operation of a casino to possess an imprest inventory of coin created from sloth booth funds to be used for the even exchange with slot machine patrons of coin, currency and slot tokens; “chief financial officer” is the senior executive of the licensee with overall responsibility for the licensee’s Internal and “chief operating officer” is the senior executive of the licensee exercising the overall management or authority over all the operations of the casino and the carrying out by employees of the casino of their duties; “closer” means the original of the table inventory slip upon which each table inventory is recorded at the end of each shift; “compensation” means direct or indirect payment for services performed including, but not limited to, salary, wages, bonuses, deferred payments, overtime and premium payments; “complimentary services” are as defined in Regulation 10; 126 Gaming Control “credit slip” (known as a “Credit”) is as referred to in Regulation23; “drop box” is as referred to in Regulation 16; “EPROM” means Electrical Programmable Read Only Memory as referred to in Regulation 37; “fill slip” (known as a “fill”) is as referred to in Regulation 22; “handle” means the total amount of coins or tokens placed into a slot machine; “hopper” is as referred to in Regulation 36; “hopper fill” is as described in Regulation 41; “imprest basis” means the basis on which cashier’s cage and slot booth funds are replenished from time to time by exactly the amount of the net expenditures made from the funds and amounts received. and of which a review of the expenditure is made by a higher authority before replenishment; “incompatible function” means a function, for accounting and internal control purposes, that places any person or department in a position to both perpetrate and conceal errors or irregularities in the normal course of his duties. Anyone both recording transactions and having access to the relevant assets is in a position to perpetrate errors or irregularities. Persons may have incompatible functions if such persons are members of departments which have supervisors who are not independent of each other; “independent accountant” means a professional accountant suitably qualified and sufficiently independent to act in Belize under the relevant applicable law as Auditor of the company licensed to carry on casino gaming or who would be sufficiently Gaming Control 127 independent to so act if the relevant casino licence were held by a company; “inspector” means an employee of the Board duly appointed by the Board as an inspector; “internal audit” is as described in Regulation 12; “jackpot” means an amount of money to be paid to a patron as a result of a specific combination of characters indicated on the reels of a slot machine; “junket” is as defined in Regulation 9; “marker” is a form made available to customers by a licensed casino to record credit allowed to such customers for the purpose of gaming which, when completed to bear the name of a bank, an amount, a date and a signature, will constitute a “master game report” means a record of the computation of the win or loss for each gaming table, each game, and each shift; “name credit” is as defined in Regulation 25; “nominated security department member” is a member of the Security Department of a Casino Licensee with special responsibility for controlling access to keys referred to in regulations 32 and 36 whose name has been notified to the Board at least 30 days before acting in such capacity; “opener” means the duplicate copy of the table inventory slip upon which each Table Inventory is recorded at the end of each shift and serves as the record of each table inventory at the beginning of the next succeeding shift; “patron cash deposit” means an amount of cash, cash equivalent, gaming chips or plaques deposited with a casino by a patron for his subsequent use; 128 Gaming Control “payouts” are as described in Regulation 40; “pits” means the area enclosed or encircled by an arrangement of gaming tables in which casino personnel administer and supervise the games played at the tables by the patrons located on the outside perimeter of the area; “RAM” means Random Access Memory as referred to in Regulation 37; “request for fill” is as described in Regulation 22; “request for credit” is as described in Regulation 23; “returned cheque” is as described in Regulation 29; “ROM” means Read Only Memory as referred to in Regulation 37; “Security Department member” means any person who is a member of the Security Department described in Regulation 12; “shift” means either the normal daily work period of a group of employees administering and supervising the operations of Table Games, Slot Machines, and cashier’s cage working in relay with another such succeeding or proceeding group of employees; “shift change” means the specific time, as approved by the Board, during the day when all drop boxes attached to gaming tables are removed, expeditiously transported to the count room and replaced with empty ones; “slot bank” and “main slot bank” are as described in Regulation 34; “slot machine” means any mechanical, electrical or other device, contrivance or machine which upon insertion of a coin or token is available to play or operate, and may deliver or Gaming Control 129 entitle the person playing or operating the machine to receive cash, whether the pay-off is made automatically from the machine or in any other manner and includes an arcade machine or poker machine; “slot machine drop” means the number of coins or tokens in a “slot machine win” means the number determined by subtracting hopper fills, other than initial hopper fills, and payouts from the slot machine drop; “slug” means a metal disc having no cash value or a foreign, or otherwise improper, coin or token; “table game drop” means the sum of the total amounts of currency and coin and the total amounts recorded on name credits removed from a drop box; “table game win or loss” is determined by adding the amount of cash, or coin, the amount recorded on the closer, and the total of amounts recorded on credits and name credits, removed from a drop box and subtracting the amount recorded on the opener and the total of the amounts recorded on fills removed from a drop box; “theoretical slot machine payout percentage” means the sum of the number of coins expected to be paid out by a slot machine automatically and the number of coins expected to be paid out manually as a result of jackpots divided by an assumed handle and multiplied by one hundred; “tip box” is as described in Regulation 19; “token” is as described in section 2 of the Act under the definition of ‘money’ and except where specifically excluded, tokens shall be regarded as synonymous with coins in these Regulations. 130 Gaming Control (2) A word or phrase not defined in these Regulations but defined in the Act shall have the meaning assigned to it in the Act.
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