Mo. Code Regs. tit. 11 § 45-5.150

Current through Register Vol. 49, No.12, June 17, 2024

Section 11 CSR 45-5.150 - Storage and Inventory of Chips and Tokens

PURPOSE: This amendment updates the title and purpose statement, and updates the class designation. This amendment also updates the reference to "riverboat" for consistency with the statutes and other regulations in 11 CSR 45, and clarifies and updates the storage and inventory requirements for chips.

PURPOSE: This rule establishes the process for the storage and inventory of chips and tokens and the computation of unredeemed liability.

(1) In the presence of at least two (2) individuals, chips shall be taken from or returned to either the reserve chip inventory or the secondary set of chips. The denominations, number and amount of chips taken or returned shall be recorded in the chip and token inventory ledger together with the date and signatures of the individuals carrying out this process.

(2) Each holder of a Class B license, on a monthly basis, shall compute and record the unredeemed liability for each denomination of chips and tokens and cause to be made an inventory of chips and tokens in circulation and cause the result of this inventory to be recorded in the chip and token inventory ledger. On a monthly basis, each holder of a Class B license shall cause an inventory of chips in reserve to be made and cause the result of this inventory to be recorded in the chip and token inventory ledger. The procedures to be utilized to compute the unredeemed liability and to inventory chips and tokens in circulation and reserve shall be submitted to the commission for approval. If the inventory procedures incorporate the sealing of the locked compartment, a physical inventory of chips in reserve shall be required within three hundred sixty-five (365) days of the seal being placed.

(3) During nongaming hours, all primary chips and tokens in the possession of the excursion gambling boat shall be stored in the main bank, or in a locked compartment in a cashier's cage or poker cage, or in a locked transparent compartment on gaming tables on the gaming floor.

(4) All tournament chips, secondary chips, reserve chips, and non-value chips shall be stored in the main bank, a locked compartment in a cashier's cage, or a locked compartment in another commission-approved location.

(5) A physical inventory of tournament chips shall be completed following each use. If tournament chips are not used for a period of three hundred sixty-five (365) days, an inventory shall be conducted within seven (7) calendar days.

11 CSR 45-5.150

AUTHORITY: sections 313.004, 313.805, 313.807, 313.817 RSMo 2000.* Emergency rule filed Sept. 1, 1993, effective Sept. 20, 1993, expired Jan. 17, 1994. Emergency rule filed Jan. 5, 1994, effective Jan. 18, 1994, expired Jan. 30, 1994. Original rule filed Sept. 1, 1993, effective Jan. 31, 1994. Amended: Filed June 2, 1995, effective Dec. 30, 1995. Amended: Filed May 13, 1998, effective Oct. 30, 1998. Amended: Filed April 28, 2004, effective Dec. 30, 2004.

Amended by Missouri Register February 15, 2024/volume 49, Number 04, effective 3/31/2024.

*Original authority: 313.004, RSMo 1993, amended 1994; 313.805, RSMo 1991, amended 1993, 1994, 2000; 313.807, RSMo 1991, amended 1993, 2000; and 313.817, RSMo 1991, amended 1993, 2000.