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26. Procedure for redemption or consolidation of cheques and markers submitted by patrons
2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

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26.   Procedure for redemption or consolidation of cheques and markers submitted by patrons

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    (1)   A person may redeem, or partially redeem, a cheque or marker by exchanging—

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      (a)     cash or cash equivalents;

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      (b)     gaming chips;

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      (c)     gaming plaques; or

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      (d)     any combination of another cheque, marker, cash, gaming chips or gaming plaques.

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    (2)   In the case of partial redemption, a new cheque or marker for the amount of the balance to remain outstanding shall be exchanged and dealt with in accordance with this regulation.

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    (3)   The drawer of a cheque or marker may consolidate at the cashiers cage, cheques or markers by exchanging another cheque or marker of an amount equal to the total of cheques or markers previously exchanged.

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    (4)   Total or partial redemptions of cheques or markers by gaming patrons shall be made at the cashiers cage or at an approved collection office.

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    (5)   A gaming operator or any other person licensed under the principal Act, or any other person acting on behalf of or under any agreement with a gaming operator or other person licensed under the principal Act shall not accept any cheques or markers or series of cheques or markers in redemption, consolidation or substitution of another cheque or marker for the purpose of avoiding or delaying the deposit of a cheque or marker in a bank for collection or payment within the time period specified in regulation 28.

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    (6)   Upon acceptance of cash, gaming chips, gaming plaques, a marker or another cheque in redemption, partial redemption, or consolidation of a cheque or marker, the General Imprest Cashier shall immediately return to the patron of the gaming establishment the cheque or marker being redeemed, partially redeemed or consolidated and if such redemption, partial redemption or consolidation is accomplished by the acceptance of another cheque or marker, the General Imprest Cashier shall record the date and time of acceptance on such cheques or markers accepted.

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