(1) Except as provided in this regulation, a gaming operator or any person licensed under the principal Act, or any person acting on behalf or under any arrangement with a gaming operator, shall not—
(a) cash any cheque, make any loan, or otherwise provide or allow to any person any credit either to enable such a person to take part in gaming activity or for any other purposes;
(b) release or discharge any debt which is uncollectible, either in whole or in part, which represents any losses incurred in gaming activity without maintaining a written record of the deposit, cheque return and collection efforts required by regulations 28 and 29.
(2) A gaming operator shall only allow credit to enable a player to participate in gaming activity after receiving from such player a cheque or marker of the amount of such credit and shall not accept such a cheque or marker unless a credit file has been established in conformity with regulation 27(4) for the player presenting the cheque or marker and appropriate reference has been made to that credit file in accordance with the gaming operator's system of internal control submitted to the Board.
(3) A gaming operator shall only accept a cheque or marker in exchange for another cheque or marker if the requirements of regulations 26, 27, 28 and 29 concerning redeeming, consolidating, recording, depositing, and collecting procedures are observed.
(4) All cheques sought to be exchanged in a gaming establishment by a patron shall be—
(a) drawn on a bank and payable on demand;
(b) drawn for a specific amount;
(c) made payable to, or, in the case of cheques drawn on another gaming establishment, or drawn on a person with a credit file established under regulation 27(4), endorsed in favour of, the gaming operator; and
(d) currently dated, or post dated for a period that will permit deposit for immediate collection within the time limits specified by regulation 28.
(5) All cheques sought to be exchanged at the cashiers cage determine the cheque cashing limit of the person presenting the cheque—
(a) restrictively endorse the cheque “for deposit only” to the gaming operator's bank account;
(b) initial the cheque;
(c) date and time stamp the cheque;
(d) record the junket number, if applicable; and
(e) exchange the cheque for currency with the Main Bank.
(6) Cheques, including cheques which fall within the definition of “cash equivalent”, may not be exchanged for non-gaming purposes except that personal cheques for $500 or less may be exchanged for cash at the cashiers cage if—
(a) not more than one cheque is cashed for the same patron during any period of 24 hours;
(b) a credit file compiled in accordance with regulation 27(4) has been established for the patron cashing the cheque at least 24 hours previously;
(c) the cheque to be cashed falls within the patron's cheque cashing limit;
(d) the patron cashing the cheque has actually gamed in the gaming establishment during his or her current visit;
(e) a separate record of all such cheques cashed is kept by the General Imprest Cashier, in addition to any other record of cheques received, showing, at least—
(i) the date of the cheque,
(ii) the name of the drawer,
(iii) the amount,
(iv) the bank on which it is drawn,
(v) the account number, and
(vi) the name and initial of the person authorising acceptance.
(7) The use of markers at gaming tables shall be in accordance with the following procedures and requirements—
(a) markers shall be serially pre-numbered forms and each series shall be used in sequential order, and the series of all markers received by a gaming establishment shall be accounted for by employees of the Accounts Department and the original and all copies of void markers shall be marked “VOID” and shall require the signature of a Gaming Supervisor;
(b) each series of markers shall be a 4-part form which consists of an original, an issuance copy, a redemption copy, and an accounts copy, and shall be attached in a book that will permit an individual slip in that series and its copies to be written upon simultaneously, while still contained in the book, and that will allow the removal of the original and all duplicate copies;
(c) markers shall be issued from the Accounts Department to the Gaming Supervisors or Pit Clerks who shall be responsible for such markers and the unused supply of markers must be secured in the Pit under the joint custody of the Security Department and Gaming Department at the end of the gaming day.
(8) Before markers are exchanged at a gaming table, a Gaming Supervisor or Pit Clerk shall—
(a) determine the player's remaining cheque cashing limit.
(b) prepare the marker for the player's signature by recording, at a minimum, on the face and stub of the original and all copies, the following information—
(i) the name of the player exchanging the marker,
(ii) the current date and time,
(iii) the amount of the marker expressed in numerals,
(iv) the game and table number,
(v) the signature of the Gaming Supervisor authorising acceptance of the marker, and
(vi) the signature of the preparer;
(c) if not pre-printed, stamp on the back of the original marker a restrictive endorsement “for deposit only” to the gaming operator's bank account;
(d) present the original and all copies of the marker to the patron for signature;
(e) receive the signed marker directly from the patron and give the issuance copy of the marker immediately and directly to the croupier, who shall place it in full view on the table along with a lammar button of corresponding value.
(9) In no circumstances shall gaming chips or gaming plaques be given to a player before the receipt of the issuance copy of the marker by the croupier.
(10) The original, redemption, and accounts copies of the marker shall be expeditiously transferred to the Marker Bank by the Security Department where—
(a) the original and redemption copies shall be maintained and controlled until the original is redeemed or made into a cheque; and
(b) the Marker Bank Cashier will prepare a name credit.
(11) A name credit is a 3 part form issued from a locked dispenser that will permit an individual name credit and its copies to be written upon simultaneously while still locked in the dispenser and that will discharge the original and duplicate while the triplicate remains in a continuous unbroken form in the dispenser.
(12) The information to be entered on a name credit includes the patron's name, the amount of the marker to which it refers, the number of the marker, the date, time, shift, table number, and the signature of the preparer.
(13) Immediately after preparing a name credit, the Marker Bank Cashier will—
(a) write the number of the name credit on all 3 copies of the marker under his or her control;
(b) have the original copy of the name credit signed by the member of the Security Department who brought the marker to the Marker Bank;
(c) attach the duplicate copy of the name credit to the accounts copy of the marker; and
(d) retain both documents as a record of Marker Bank activity and as the voucher to support entries in the marker activity log required by regulation 27.
(14) The appropriate entries will be made immediately in the marker activity log and the patrons credit file as required by regulation 27.
(15) The original copy of the name credit will be returned to the table by a member of the Security Department where it will be compared with the issuance copy of the marker by the croupier, who shall write the name credit number on the copy of the marker, sign the name credit and deposit both the marker and the original copy of the name credit in the drop box.
(16) The duplicate name credit shall be maintained and controlled by employees of the gaming operator who are independent of the Gaming Department.
(17) The gaming operator shall request players to apply any gaming chips or gaming plaques in their possession in reduction of personal cheques or markers exchanged for purposes of gaming prior to exchanging such gaming chips or gaming plaques for cash or prior to departing from the area of gaming establishment.
(18) At the end of gaming activity each day, at a minimum, the following procedures and requirements will be observed—
(a) the accounts copies of all markers issued during the period, maintained and controlled in conformity with subregulation (10), together with the relevant duplicate name credits, shall be compared with the issuance copies of all markers and original name credits issued during the period by forwarding to the Accounts Department the accounts copies of markers and original name credits for comparison with the issuance copies of markers and both duplicate name credits and triplicate name credits;
(b) the original and all copies of void markers shall be forwarded to the Accounts Department for review and sequence checking;
(c) both copies of void name credits shall be forwarded to the Accounts Department for review and checking against the triplicates;
(d) the redemption copy of markers maintained and controlled in conformity with subregulation (10), shall be forwarded to the Accounts Department following the redemption, consolidation or deposit of the original marker for agreement with the Accounting and issuance copies.