Current through Register Vol. 56, No. 6, March 18, 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 by 13:69D-1.25(j) 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 other than a junket representative, employee or agent of a junket enterprise, or employee or agent of a casino licensee (payor), 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 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.
