Iowa Admin. Code r. 491-12.7 - Procedures for the movement of gaming chips to and from gaming tables
(1)
Slips. Each slip shall be sequentially numbered, shall be
simultaneously printed in two or three copies, and shall discharge in the
cashier's cage. Casino supervisors or casino clerks shall input data for each
slip, and each prepared copy shall contain the following information:
a. The type of transfer.
b. The sequentially ordered slip
number.
c. The date and time of
preparation.
d. The total amount of
each denomination.
e. The total
amount of all denominations.
f. The
game and table number.
(2)
Distribution of chips to a gaming
table. On receipt of a slip in the cashier's cage for distribution of
gaming chips to a table, the following procedures shall apply:
a. A cashier shall prepare the gaming chips
and sign all copies of the slip attesting to the accuracy of the
totals.
b. A security employee, or
other employee authorized by the internal controls, shall compare the slip to
the gaming chips prepared and sign all copies of the slip attesting to the
accuracy. One copy of the slip shall remain with the cashier, if applicable,
while two copies are transported with the gaming chips to the gaming
table.
c. The dealer or boxperson
assigned to the gaming table and the casino supervisor assigned to the gaming
table shall sign all copies of the slip attesting to the accuracy of the
fill.
d. Upon verification and
placement of the gaming chips, the employee responsible for transporting the
chips to the gaming table shall observe as the dealer or boxperson places one
copy of the slip in the container of the gaming table. The employee shall then
transport the remaining copy of the slip to the cashier's cage to be maintained
and controlled by a cashier.
(3)
Removal of chips from a gaming
table. On receipt of a slip in the cashier's cage for removal of
gaming chips from a table, the following procedures shall apply:
a. A security employee, or other employee
authorized by the internal controls, shall transfer all copies of the slip to
the gaming table.
b. The dealer or
boxperson assigned to the gaming table and the casino supervisor assigned to
the gaming table shall prepare the removal and sign all copies of the slip
attesting to the accuracy.
c. The
security employee, or other employee authorized by internal controls, shall
compare the slip to the gaming chips prepared and sign all copies of the slip
attesting to the accuracy.
d. One
copy of the slip shall be immediately placed in the container of the gaming
table from which the gaming chips were removed.
e. The security employee, or other employee
authorized by internal controls, shall transport the chips and the remaining
copy of the slip to the cashier's cage.
f. The cashier shall compare this copy of the
slip to the gaming chips received and shall sign the copy attesting to the
accuracy. This copy of the slip shall be maintained and controlled by the
cashier.
(4)
Slip reconciliation. At the end of each gaming day, copies of
each of the slips maintained by the cashier's cage shall be forwarded to the
accounting department for agreement with the copies of the slips obtained by
the count team from the gaming table containers. Copies shall also be compared
for agreement with the stored data.
(5)
Stored data. All
information required by subrule 12.7(1) shall be stored in machine-readable
format. The stored data shall not be susceptible to change or removal by any
personnel after preparation of a slip.
(6)
Manual process. In the
event the online monitoring and control system is unavailable, the facility
staff shall perform transfers of gaming chips to and from gaming tables using
manual requests and slips.
a. Requests shall
be prepared by the casino supervisor or casino clerk. For the distribution of
chips to the gaming table, the request shall be signed by the security
employee, or other employee authorized by the internal controls, and shall be
left with the cashier prior to the transfer of gaming chips and slips required
by paragraph 12.7(6)"b." For the removal of chips from the
gaming table, the request shall be signed at the gaming table by the security
employee, or other employee authorized by the internal controls, prior to the
transfer of gaming chips and slips required by paragraph
12.7(6)"b" and shall be placed in the container when the slip
signed by the cashier has been returned to the gaming table.
b. Slips shall be prepared by cashiers in the
cage using a three-part serially prenumbered form in a locked dispenser. The
dispenser shall discharge two copies of the slip that have been filled out and
signed by the cashier and shall retain the third copy in a continuous form in
the dispenser. The same procedures shall be followed and the same set of
signatures shall be utilized as required by subrules 12.7(2) and
12.7(3).
c. The copies remaining in
the dispenser shall be removed each gaming day where a manual process had to be
performed for gaming chip movements and to replace the stored data used
pursuant to subrule 12.7(4). Access to the locked dispenser shall be maintained
and controlled by independent employees responsible for accounting for the
unused slips, placing slips in the dispensers, and removing slips from the
dispensers.
(7)
Modifications. Modifications to the procedures described in
subrules 12.7(2), 12.7(3), and 12.7(4) may be substituted as internal controls,
subject to the approval process of subrule 12.3(2), if the procedures comply
with the intent of this rule.
(8)
Voided transactions. Whenever it becomes necessary to void a
slip, all copies shall be clearly marked "void" and shall require the signature
of the preparer. All void slips shall be maintained and controlled in
conformity with subrules 12.7(2), 12.7(3), and 12.7(5).
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.