Section 296-7.010 - CASH RESERVE REQUIREMENTS-CASINOS7.010.01 Each Authorized Gaming Operator will maintain, in cash or cash equivalents, a cash reserve in an amount sufficient to promptly pay winners of, or participants in authorized gaming activities and to protect patrons against defaults in payment of winnings owed by the holder of an Authorized Gaming Operator License. Cash equivalents are defined as all highly liquid investments with an original maturity of 3 months or less. The cash reserve requirements and any changes thereto will be submitted in writing to the Commission. Unless otherwise approved by the Commission, the formula for calculating minimum cash reserves is as follows:7.010.01A During the first month of operation, cash reserves must meet or exceed one hundred percent (100%) of licensee's projected payout to patrons (electronic gaming device and table game drop minus licensee win) for a weekly period, defined as seven (7) gaming days, based on the average daily payout multiplied by seven (7).7.010.01B In the second and subsequent months of operation, cash reserves must meet or exceed one hundred percent (100%) of licensee's actual payout to patrons (electronic gaming device and table game drop minus licensee win) for a weekly period, based on the average daily payout multiplied by seven (7) from the previous month's operation.296 Neb. Admin. Code, ch. 7, § 296-7.010
Adopted effective 5/16/2022Amended effective 2/1/2023