Current through Register Vol. 56, No. 6, March 18, 2024
(a) A casino licensee may accept a wire transfer or electronic fund transfer from or on behalf of a patron.
(b) Any wire transfer or electronic fund transfer authorized by this section shall be transferred to and deposited in the casino licensee's operating account in a state or Federally chartered bank whose accounts are insured by the Federal Deposit Insurance Corporation. The casino licensee shall require its bank to notify the casino licensee of the receipt and deposit of the wire transfer or electronic fund transfer.
(c) Upon notification that a wire transfer or electronic fund transfer has been credited to the casino licensee's operating account, the cage employee who received the notice shall record, at a minimum, the following information in the notification section of a Wire Transfer or Electronic Fund Transfer Log maintained in the main bank of the cashiers' cage or other secure location within the cage:
1. A sequential wire transfer or electronic fund transfer number which shall be generated by the casino licensee;
2. The type of transfer (wire transfer or electronic fund transfer);
3. The date and time of the notification;
4. The name of the casino licensee's bank to which the funds were transferred;
5. The actual amount of funds transferred to the operating account of the casino licensee, stated in numbers and words;
6. The name or casino account number of the patron for whose benefit the funds were transferred;
7. The name of the financial institution from which the funds were transferred;
8. The address or the American Banking Association (ABA) routing number of the financial institution from which the funds were transferred;
9. The account number or the name on the account from which the funds were transferred, or the Federal reference number for the wire transfer, which consists of the date of the transfer and a unique transaction number for that transfer;
10. The signature of the cage employee receiving and recording the information required by this subsection; and
11. If applicable, a notation that the wire transfer or electronic fund transfer has been reversed.
(d) Upon determining the purpose for the wire transfer or electronic fund transfer, a cage supervisor shall prepare a Wire Transfer or Electronic Fund Transfer Acknowledgment Form, a two-part form containing, at a minimum, the following information:
1. The wire transfer or electronic fund transfer number;
2. The type of transfer, that is, whether a wire transfer or electronic fund transfer;
3. The date of the wire transfer or electronic fund transfer;
4. The actual amount of funds received pursuant to the wire transfer or electronic fund transfer, stated in numbers and words;
5. The name of the patron;
6. The purpose for the wire transfer or electronic fund transfer (cash deposit; redemption; payment of returned Counter Check or Slot Counter Check);
7. The signature of the preparer; and
8. The signature of either:
i. The check bank cashier, if the funds are to be used for Counter Check or Slot Counter Check redemption or the payment of a returned Counter Check or Slot Counter Check; or
ii. The general cashier, if the funds are to be used for a cash deposit.
(e) A cage cashier shall transmit the duplicate copy and any supporting documentation to the accounting department, and forward the original Wire Transfer or Electronic Fund Transfer Acknowledgment Form to:
1. The Check bank cashier, if the funds are to be used for Counter Check or Slot Counter Check redemption or the payment of a returned Counter Check or Slot Counter Check, who shall:
i. Post the amount of the funds to the patron's credit account;
ii. If appropriate, return the redeemed Counter Check or Slot Counter Check to the patron;
iii. Forward to the accounting department the original Wire Transfer or Electronic Fund Transfer Acknowledgment Form for comparison to the duplicate; and
iv. Forward to the accounting department the redemption copy of any Counter Check redeemed; or
2. The general cashier, if the funds are to be used to establish a cash deposit, who shall:
i. Prepare a patron deposit file;
ii. Prepare a Patron Deposit Form; and
iii. Forward to the accounting department the original Wire Transfer or Electronic Fund Transfer Acknowledgment Form for comparison to the duplicate.
(f) At the end of the month, a copy of the Wire Transfer and Electronic Fund Transfer Log shall be forwarded to the accounting department and reconciled with all Wire Transfer or Electronic Fund Transfer Acknowledgment Forms prepared during that month.
