← belizelaw.ai · Gaming Control (Licensed Gaming Premises) (Accounting And Internal Control) Regulations, Cap. 152s06
Procedure for redemption or consolidation of cheques and markers submitted by gaming patrons
Gaming Control (Licensed Gaming Premises) (Accounting And Internal Control) Regulations, reg. 26 · Revised Edition 2020
(1) A person may redeem, or partially redeem, a cheque or marker by exchanging–
(a) cash or cash equivalents;
(b)
(c) plaques; or
(d) any combination of another cheque marker,
cash, gaming chips or plaques;
(2) In the case of partial redemption, a new cheque or marker for the amount of the balance to remain outstanding shall be exchanged and dealt with in accordance with this Regulation.
(3) The drawer of a cheque or marker may consolidate cheques or markers by exchanging another cheque or marker of an amount equal to the total of cheques or markers previously Gaming Control 189
(4) All consolidations and total or partial redemptions of cheques or markers by gaming patrons shall be made at the
(5) No Casino Licensee or any other person licensed under the Act, or any other person acting on behalf of or under any agreement with a Casino Licensee or other person licensed under the Act shall accept any cheques or markers or series of cheques or markers in redemption, consolidation or substitution of another cheque or marker for the purpose of avoiding or delaying the deposit of a cheque or marker in a bank for collection or payment within the time period specified in Regulation 28.
(6) Upon acceptance of cash, chips, plaques, a marker or another cheque in redemption, partial redemption, or consolidation of a cheque or marker the General Imprest Cashier shall immediately return to the gaming patron the cheque or marker being redeemed, partially redeemed or consolidated. If such redemption, partial redemption or consolidation is accomplished by the acceptance of another cheque or marker, the General Imprest Cashier shall, at a minimum, record on such cheques or markers accepted–
(a) the date, amount, paying bank, and account number of the cheques or markers redeemed, partially redeemed consolidated;
(b) the date, amount, and number of the marker or markers redeemed, partially redeemed or
(c) the date and time of acceptance; and
(d) the signature of the General Imprest Cashier accepting such cheque or marker.
190 Gaming Control
Have a question about this section? Ask belizelaw.ai →