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GAMING, RACING AND BETTING ACT
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9. Inventory, storage, and destruction of gaming chips
2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

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9.   Inventory, storage, and destruction of gaming chips

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    (1)   When gaming chips, gaming plaques or tokens are received from a manufacturer or distributor thereof, they shall be opened and checked by at least 3 people, one of whom shall be from the Accounting Department or Internal Auditing Department of the gaming establishment and another from the Security Department.

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    (2)   Any deviation between the invoice accompanying the gaming chips, gaming plaques or tokens and the actual gaming chips, gaming plaques or tokens received or any defects found in such gaming chips, gaming plaques or tokens under subregulation (1), shall be reported promptly to the Board.

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    (3)   After checking the gaming chips, gaming plaques or tokens received, the gaming operator shall cause to be recorded in an inventory ledger the denomination of the gaming chips, gaming plaques or tokens received, the number of each denomination of gaming chips, gaming plaques or tokens received, the number and description of all non-value chips received, the date of such receipt and the signatures of the individuals who checked such gaming chips, gaming plaques or tokens.

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    (4)   If any of the gaming chips, gaming plaques or tokens received are to be held in reserve and not utilised for active gaming either at the gaming tables or in the cashiers cage, they shall be stored in a separate locked compartment either in the vault or in the cashiers cage and shall be recorded in the chip inventory ledger as reserve gaming chips, gaming plaques or tokens.

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    (5)   Any gaming chips received that are part of the secondary set of gaming chips of the gaming establishment shall be recorded in the gaming chip inventory ledger as such and shall be stored in a separate locked compartment in the gaming establishment vault.

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    (6)   Whenever any gaming chips, gaming plaques or tokens are taken from or returned to either the reserve inventory or the secondary set of gaming chips, this shall be accomplished in the presence of at least 2 individuals, one from the Security Department and one from the Accounting Department or Internal Auditing Department or Cashiers Cage Department, and the denominations, quantity and value of gaming chips, gaming plaques, or tokens so taken or returned shall be recorded in the inventory ledger together with the date and signatures of the individuals carrying out this process.

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    (7)   Each gaming operator shall cause to be made, at least on a monthly basis, an inventory of gaming chips, gaming plaques or tokens in circulation and in reserve and shall cause the result of such inventory to be recorded in the inventory ledger.

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    (8)   The destruction of gaming chips, plaques or tokens shall be carried out in the presence of at least 3 people, one of whom shall be from the Accounting Department or Internal Audit Department of the gaming establishment and another from the Security Department, and the denomination, quantity and value or, in the case of non-value chips, and the description of gaming chips so destroyed shall be recorded in the inventory ledger together with the signatures of the individuals carrying out such destruction and the date on which such destruction took place.

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    (9)   During non-gaming hours all gaming chips, gaming plaques and tokens, other than those contained in a slot machine, in the possession of the gaming establishment shall be stored in a locked compartment in the cashiers cage, the Main Slot Bank, a locked container on a table, or a locked container in a change booth.

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    (10)   The Board shall be given at least 24 hours notice of the checking of gaming chips, gaming plaques or tokens received from a manufacturer or of the destruction of gaming chips, gaming plaques or tokens so that a Board Inspector may attend if the Board so wishes.

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2nd Floor Francis Compton Building, 
Waterfront,
Castries, Saint Lucia

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