W. Va. Code R. § 179-8-121

Current through Register Vol. XLI, No. 36, September 6, 2024

Section 179-8-121 - Front Money Deposits

121.1. The casino licensee shall establish procedures approved by the Commission in accordance with this rule in connection with front money deposits. The casino licensee shall establish policies and procedures approved by the Commission in accordance with this rule to ensure that all applicable currency transaction reporting requirements will be enforced in accordance with applicable state and federal law.

121.2. Any of the following may be accepted from patrons for the purpose of customer deposits:

121.2.a. Cash or a cash equivalent;

121.2.b. Value chips issued by the casino licensee; and

121.2.c. Tokens issued by the casino licensee.

121.3. Deposits or withdrawals shall be documented on a voucher that is not less than a 2-part, sequentially-numbered form. The voucher shall be completed by the casino cage cashier and shall include, at minimum, all of the following information:

121.3.a. The patron's name and signature;

121.3.b. The date of receipt or disbursement;

121.3.c. The amount of deposit;

121.3.d. The type of deposit; and

121.3.e. The casino cashier's signature.

121.4. The casino licensee shall provide, to the Commission, a monthly report detailing, at a minimum, all of the following:

121.4.a. Outstanding credit;

121.4.b. Checks returned and held;

121.4.c. Collection activities taken; and

121.4.d. Settlement of disputed items.

121.5. All of the following checks shall be deposited not later than the business day after the day the checks are received or dated:

121.5.a. Cashier's checks;

121.5.b. Money orders;

121.5.c. Credit card advance checks;

121.5.d. Traveler's checks; and

121.5.e. Wire transfer service checks.

121.6. Personal checks shall be deposited not later than the business day after the day the checks are received or dated, unless otherwise agreed to by the casino licensee and the patron.

W. Va. Code R. § 179-8-121