Code of Maine Rules
16 - DEPARTMENT OF PUBLIC SAFETY
633 - GAMBLING CONTROL BOARD
Chapter 24 - THE USE OF FRONT MONEY DEPOSITS
Section 633-24-2

Universal Citation: 16 ME Code Rules ยง 633-24-2

Current through 2024-38, September 18, 2024

A casino licensee shall establish procedures approved by the board in accordance with these rules in connection with front money. The casino licensee shall establish policies and procedures approved by the board in accordance with these rules to ensure that all applicable currency transaction reporting requirements will be enforced in accordance with applicable state and federal law.

A. Any of the following may be accepted from patrons for the purpose of customer deposits:

(1) Cash or cash equivalent.

(2) Value chips issued by the casino licensee.

(3) Tokens issued by the casino licensee.

B. Deposits or withdrawals shall be documented on a voucher that is not less than a 2-part, numbered form. The voucher shall be completed by the casino cage cashier and shall include, at a minimum, all of the following information:

(1) Patron's name and signature.

(2) Date of receipt or disbursement.

(3) Amount of deposit.

(4) Type of deposit.

(5) Casino cashier's signature.

C. Once the initial deposit is made at the cashier's cage the CDW can be adjusted at the tables to reflect gaming activity.

D. A casino licensee shall provide, to the board, a monthly report detailing, at a minimum, all of the following:

(1) Checks returned.

(2) Collection activities taken.

(3) Settlement of disputed items.

D. All of the following checks shall be deposited not later than the business day after the day the checks are received:

(1) Cashier's checks.

(2) Money orders.

(3) Credit card advance checks.

(4) Traveler's checks.

(5) Wire transfer service checks.

E. Personal checks shall be deposited not later than the business day after the day the checks are received, unless otherwise agreed to by the casino licensee and the patron.

Disclaimer: These regulations may not be the most recent version. Maine may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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