Procedure for depositing cheques received from gaming patrons

(6) All cheques sought to be exchanged at the Cashier’s Cage shall be presented directly to the General Imprest Cashier who shall– (a) determine the cheque cashing limit of the person presenting the cheque; (b) restrictively endorse the cheque “for deposit only” to the Casino Licensee’s bank account; (c) initial the cheque; (d) date and time stamp the cheque; (e) record the junket number, if applicable; and (f) exchange the cheque for currency with the Main Bank. Gaming Control 183 (7) Cheques (including cheques which fall within the definition of “cash equivalent”) may not be exchanged for non- gaming purposes except that personal cheques for $500 or less may be exchanged for cash at the cage if– (a) not more than one cheque is cashed for the same patron during any period of 24 hours; (b) a Credit File compiled in accordance with Regulation 27 of these Regulations has been established for the patron cashing the cheque at least 24 hours previously; (c) the cheque to be cashed falls within the patron’s cheque cashing limit; (d) the patron cashing the cheque has actually gamed in the Casino during his current visit; (e) a separate record of all such cheques cashed is kept by the General Imprest Cashier showing, at least– (i) the date of the cheque; (ii) the name of the drawer; (iii) the amount; (iv) the bank on which it is drawn; (v) the account number; and (vi) the name and initial of the person authorising acceptance. (8) The use of markers shall be in accordance with the following procedures and requirements184 Gaming Control (a) Markers shall be serially pre-numbered forms; each series shall be used in sequential order, and the series of all markers received by a Casino shall be accounted for by employees of the Accounting Department. The original and all copies of void markers shall be marked “VOID” and shall require the signature of a Casino Supervisor. (b) Each series of markers, shall be a four-part form which consists of an original, an issuance copy, and a redemption copy, and an accounts copy shall be attached in a book that will permit an individual slip in that series and its copies to be written upon simultaneously, while still contained in the book, and that will allow the removal of the original and all duplicate copies. (c) At the start of the gaming day, markers shall be issued from the Cage to the Casino Supervisors who shall be responsible for maintaining and controlling such markers. The unused supply of markers must be returned to the Cage at the end of the gaming day. (9) Before markers are exchanged at a gaming table, a Casino Supervisor shall– (a) determine the player’s remaining cheque cashing limit; (b) prepare the marker for the player’s signature by recording, at a minimum, on the face of the original and all copies, the following informationGaming Control 185 (i) the name of the player exchanging the (ii) the current date and time; (iii) the amount of the marker expressed in numerals; (iv) the game and table number; (v) the signature of the casino supervisor authorising acceptance of the marker; and (vi) the signature of the preparer. (c) if not pre-printed, stamp on the back of the original marker a restrictive endorsement “for deposit only” to the Casino Licensee’s bank account; (d) present the original and all copies of the marker to the patron for signature; (e) receive the signed marker directly from the patron and give the issuance copy of the marker immediately and directly to the croupier, who shall place it in full view on the table along with a Lamar button of corresponding value. (10) In no circumstances shall chips or plaques be given to a player before the receipt of the issuance copy of the marker by the croupier. (11) The original, redemption, and accounts copies of the marker shall be expeditiously transferred to the marker bank by Security where186 Gaming Control (a) the original and redemption copies shall be maintained and controlled until the original is redeemed or made into a cheque; and (b) the Marker Bank Cashier will prepare a Name (12) A name credit is a three-part form issued from a locked dispenser that will permit an individual name credit and its copies to be written upon simultaneously while still locked in the dispenser and that will discharge the original and duplicate while the triplicate remains in a continuous unbroken form in the dispenser. (13) The information to be entered on a name credit includes the patron’s name, the amount of the marker to which it refers, the number of the marker, the date, time, shift, table number, and the signature of the preparer. (14) Immediately after preparing a name credit, the Marker Bank Cashier shall– (a) write the number of the name credit on all three copies of the marker under his control; (b) have the original copy of the name credit signed by the member of the Security Staff who brought the marker to the marker bank; (c) attach the original copy of the name credit to the accounts copy of the marker; and (d) retain both documents as a record of marker bank activity and as the voucher to support entries in the marker activity log required by Regulation 27. Gaming Control 187 (15) The appropriate entries will be made immediately in the Marker Activity Log and the patrons credit file as required by Regulation 27. (16) The original and duplicate copies of the name credit will be returned to the table by a Security Department Member where they will be compared with the issuance copy of the marker by the croupier, who will write the name credit number on the copy of the marker, which along with the duplicate copy of the name credit, will be deposited in the drop box. (17) The original name credit after being signed by the supervisor will be returned to the marker bank by the Security Department Member where it will be maintained and controlled by the Marker Bank Cashier. (18) The Casino Licensee shall request players to apply any chips or plaques in their possession in reduction of personal cheques or markers exchanged for purposes of gaming prior to exchanging such chips or plaques for cash or prior to departing from the Casino area. (19) At the end of gaming activity each day, at a minimum, the following procedures and requirements will be observed– (a) the accounts copies of all markers issued during the period, maintained and controlled in conformity with subregulation (11), together with the relevant duplicate name credits, shall be compared with the issuance copies of all markers and original name credits issued during the period by forwarding to the Accounting Department the accounts copies of markers and original name credits for comparison with the issuance copies of markers and both duplicate name credits and triplicate name credits; 188 Gaming Control (b) the original and all copies of void markers shall be forwarded to the Accounting Department for review and sequence checking; (c) both copies of void name credits shall be forwarded to the Accounting Department for review and checking against the triplicates; (d) the redemption copy of markers maintained and controlled in conformity with subregulation (11) shall be forwarded to the Department following the redemption, consolidation or deposit of the original marker for agreement with the Accounting and issuance copies. (1) Unless previously redeemed or consolidated all cheques received from gaming patrons shall be deposited in the Casino Licensee’s bank account in accordance with the Casino Licensee’s normal business practice, submitted to the Board in writing and approved by the Board, but in no event later than– (a) 30 days, including non-banking days, after the date of a cheque or marker for gaming. The Gaming Control 195 period to run from the date of the earliest cheque or marker where there has been consolidation, redemption or exchange; or (b) such longer period as may be requested by the and approved by the Department. (2) The Board must be informed during the 30 day period provided under subregulation (1) (a) of any delay permitted under subregulation (1) (b) with an explanation of the reason for the delayed deposit. (3) In this Regulation the term “cheque” includes markers which have been converted into cheques.