Current through Register Vol. 56, No. 18, September 16, 2024
(a) No casino licensee or any other person
licensed under the Act, or any other person acting on behalf of or under any
arrangement with a casino licensee shall accept any payment in redemption,
consolidation or substitution of any Counter Check or Slot Counter Check for
the purpose of avoiding or delaying the deposit dates established pursuant to
Section 101 of the Act (5:12-101).
(b) If a drawer has more than one undeposited
Counter Check or Slot Counter Check, such checks shall be redeemed in reverse
chronological order (the most recently dated patron check redeemed first). If
more than one check bears the same date, the drawer may choose the order in
which to redeem the identically dated checks. The casino licensee may waive the
reverse chronological order requirement if the casino licensee does not have
reason to believe that the redemption is being made for the purpose of avoiding
or delaying the deposit of a patron check. The decision to waive this
requirement shall:
1. Be made for each
individual check;
2. Take into
consideration the gaming credit activity of the patron; and
3. Be documented in the patron's credit file.
Such documentation shall include for each check, the name and signature of the
person authorizing the waiver and the date of and reason for the
waiver.
(c) The drawer of
one or more undeposited Counter Check or Slot Counter Check may initiate a
redemption, substitution or consolidation by personally appearing at the
cashiers' cage, satellite cage or slot booth. The drawer may:
1. For a full or partial redemption, present
cash, cash equivalents, complimentary cash gifts, slot tokens, gaming chips or
plaques, checks authorized pursuant to Section 101 of the Act, or an electronic
payment;
2. For a full or partial
redemption by substitution, present a personal check drawn on an account which
has been previously verified and recorded in the patron's credit file;
or
3. Verbally request
consolidation of more than one Counter Check or Slot Counter Check.
(d) To process a redemption (full
or partial), substitution, or consolidation for the drawer at the cashiers'
cage, satellite cage, or slot booth, a general cashier shall:
1. Verify the identity of the patron pursuant
to 13:69D-1.5A;
2. Prepare a payment voucher to document the
transaction. The payment voucher shall be, at a minimum, a two-part form and
include the following:
i. The date and
time;
ii. The patron name and
account number;
iii. The location
of the transaction;
iv. The type of
transaction (redemption, substitution, or consolidation);
v. The series number(s) and amount (s) of the
check(s);
vi. The amount and method
of payment (for example, cash, cash equivalents, or chips);
vii. The signature of the preparer;
and
viii. The signature of the
check bank cashier;
3.
Forward the payment voucher to a check bank cashier who shall:
i. Agree the payment voucher to the original
and redemption copy of the Counter Check(s) or Slot Counter Check(s);
ii. Sign the payment voucher;
iii. Deliver the original check(s) being
redeemed, substituted or consolidated and the original payment voucher to the
general cashier;
iv. Retain the
duplicate payment voucher and redemption copy of the check(s) until forwarded
to the casino accounting department at the end of the gaming day; and
v. Update the patron's credit file for the
transaction;
4. Return
the original copy of the redeemed, substituted or consolidated check(s) to the
patron; and
5. Maintain the
original payment voucher.
(e) For a partial redemption, the general
cashier shall prepare a Replacement Counter Check in an amount equal to the
unpaid balance. The Replacement Counter Check shall include the information
required at
N.J.A.C.
13:69D-1.25(l), except that
the check shall be dated with the issuance date of the partially redeemed
Counter Check or Slot Counter Check and include the partially redeemed check
number. The general cashier shall process the Replacement Counter Check as
follows:
1. Obtain the patron's signature on
the check and verify the identity of the patron pursuant to
13:69D-1.5A;
2. Obtain the signature of a cage supervisor
on the check;
3. Forward the
original and redemption copy to the check bank to be maintained therein until
either redeemed or deposited;
4.
Retain the issuance copy; and
5.
Place the accounting copy in a locked accounting box.
(f) For a substitution, the general cashier
shall date and time stamp the personal check and restrictively endorse the
check "For Deposit Only" to the casino licensee's bank account. The deposit
date of the personal check shall be the deposit date of any check the personal
check replaces. If more than one check, the deposit date of the earliest check
the personal check replaces shall be the deposit date. The general cashier
shall transfer the personal check to the check bank where it shall be
maintained until either redeemed or deposited. The casino licensee shall
process the subsequent redemption or deposit of the personal check as if the
check was a Counter Check or Slot Counter Check.
(g) For a consolidation, the general cashier
shall prepare a Replacement Counter Check in an amount equal to the total value
of the Counter Checks and/or Slot Counter Checks being consolidated. The
Replacement Counter Check shall include the information required by
13:69D-1.25(j)
except that the check shall be for the total value of the checks being
consolidated, dated with the issuance date of the earliest issued check being
consolidated and include the consolidated check numbers. The general cashier
shall process the Replacement Counter Check in accordance with (e)
above.
(h) The drawer of one or
more outstanding Counter Checks or Slot Counter Checks may initiate a total
redemption transaction by mailing an authorized instrument or by submitting an
electronic payment to the casino licensee. A casino accounting department
representative with no incompatible functions shall on a daily basis:
1. Record the receipt of the authorized
instrument on a log that shall be maintained in the casino accounting
department, which log shall include, at a minimum:
i. The date;
ii. The name of the drawer;
iii. The amount; and
iv. The signature of the casino accounting
department employee; and
2. Transfer the mail-in payment to a general
cashier. The general cashier shall process the check in accordance with (d)
above except that:
i. The patron's identity
is not required to be verified; and
ii. The original Counter Check or Slot
Counter shall be marked "Paid" and returned to the patron by mail unless the
patron has specifically requested that the check be destroyed. If the patron
does not provide instructions as to the disposition of the check, the casino
licensee may destroy the check after 14 days.
(i) A casino licensee may, in its discretion,
permit a person (payor) other than a junket representative, employee, or agent
of a junket enterprise, or employee or agent of a casino licensee, to make a
payment for the benefit of the drawer of a patron check or a personal check
used in a substitution transaction. The payor may present cash, cash
equivalents, slot tokens, gaming chips, or gaming plaques to a general cashier
for the purpose of having such payment applied to the full redemption of a
patron check or a personal check used in a substitution transaction. The payor
may also present a personal check on an account that has been previously
verified and recorded in the patron's credit file. The general cashier
accepting the payment shall:
1. Prepare a
payment voucher in accordance with (d)2 above;
2. Prepare a two-part receipt that shall
include, at a minimum:
i. The date;
ii. The series number(s) and amounts of the
check(s);
iii. The names of the
drawer and the payor;
iv. The
signature of the payor; and
v. The
signature of the preparer;
3. Forward the payment voucher and the
receipt to a check bank cashier who shall:
i.
Agree the payment voucher to the original and redemption copy of the Counter
Check(s) and/or Slot Counter Check(s);
ii. Sign the payment voucher and return the
original payment voucher and original receipt to the general cashier;
iii. Maintain the duplicate of the receipt
and the original check(s) as a paid item in the check bank until retrieved by
the drawer or destroyed at the request of the drawer. If the patron does not
provide instructions as to the disposition of the check, the casino licensee
may destroy the check after 14 days;
iv. Retain the duplicate payment voucher and
redemption copy of the check until forwarded to the casino accounting
department at the end of the gaming day; and
v. Update the patron's credit file for the
transaction;
4. Issue the
original receipt to the payor; and
5. Maintain the original payment
voucher.
(j) A drawer may
redeem one or more Counter Checks at a gaming table by exchanging gaming chips
or plaques, provided that the redemption occurs on the same gaming day and at
the same gaming pit where the check was issued and held for pit redemption in
accordance with
13:69D-1.25. Upon the request of
the drawer to redeem the Counter Check, a general cashier or casino clerk
shall:
1. Remove the original and redemption
copy of the Counter Check(s) from its secured location in the pit;
2. Prepare a pit redemption form which shall
be a two part form, sequentially numbered and accounted for by casino
accounting employees with no incompatible functions. The pit redemption form
shall include at a minimum:
i. The date and
time;
ii. The table game;
iii. The patron's name;
iv. The Counter Check number(s) and
amount(s); and
v. Signature of the
preparer;
3. Present the
pit redemption form and the original and redemption copy of the Counter
Check(s) to the dealer or boxperson who shall, in the presence of a casino
supervisor:
i. Verify that the amount of
chips presented by the patron agrees with the amount of the original Counter
Check(s) and the pit redemption form;
ii. Place the gaming chips into the table
inventory;
iii. Sign the pit
redemption form;
iv. Deposit the
original of the pit redemption form in the drop box;
v. Return the original Counter Check(s) to
the patron; and
vi. Return the
redemption copy of the Counter Check(s) and the duplicate of the pit redemption
form to the general cashier or casino clerk;
4. Forward the redemption copy of the Counter
Check(s) to the check bank for processing; and
5. Place the duplicate of the pit redemption
form in the locked accounting box for forwarding to the casino accounting
department at the end of the gaming day.
