(1) Unless previously redeemed or consolidated, all cheques received from patrons of a gaming establishment shall be deposited in the gaming operator's bank account in accordance with the gaming operator's normal business practice, submitted to the Board in writing and approved by the Board but in no event later than—
(a) thirty days, including non-banking days, after the date of a cheque or marker for gaming such period to run from the date of the earliest cheque or marker where there has been consolidation, redemption or exchange; or
(b) such longer period as may be requested by the patron and approved by the Credit Department.
(2) The Board must be informed during the 30 day period provided by subregulation (1)(a) of any delay permitted under subregulation (1)(b) with an explanation of the reason for the delayed deposit.
(3) In this regulation the term “cheque” includes markers which have been converted into cheques.