Procedure for exchange of cheques submitted by gaming patrons

(1) Except as provided in this Regulation, a Casino Licensee or any person licensed under the Act, or any person acting on behalf of or under any arrangement with a Casino Licensee, shall not– (a) cash any cheque, make any loan, or otherwise provide or allow to any person any credit either to enable such a person to take part in gaming activity or for any other purposes; (b) release or discharge any debt which is uncollectable, either in whole or in part, which represents any losses incurred in gaming activity without maintaining a written record of the deposit, cheque return and collection efforts required by Regulations 28 and 29. (2) A Casino Licensee shall only allow credit to enable a player to participate in gaming activity after receiving from such player a cheque or marker of the amount of such credit and shall not accept such a cheque or marker unless a credit file has been established in conformity with Regulation 27 for the player presenting the cheque or marker and appropriate reference has been made to that credit file in accordance with the Licensee’s system of accounting and internal controls submitted to the Board. (3) A Casino Licensee shall only accept a cheque or marker in exchange for another cheque or marker if the requirements of Regulations 26, 27, 28 and 29 concerning redeeming, consolidating, recording, depositing, and collecting procedures are observed. 182 Gaming Control (4) A cheque drawn on a Belizean Dollar Account may not be exchanged in a Casino for any purpose whatsoever. (5) All cheques sought to be exchanged in a Casino by a patron shall be– (a) drawn on a bank and payable on demand; (b) drawn for a specific amount; (c) made payable to, or (in the case of cheques drawn on another casino, or drawn on a person with a credit file established under Regulation 27) endorsed in favour of, the Casino Licensee; and (d) currently dated, or postdated for a period that will permit deposit for immediate collection within the time limits specified by Regulation