122Content of approved system

122 Content of approved system

(1) A system of internal controls and administrative and accounting procedures approved for the purposes of section 121 must include (but is not limited to) details of the following—

(a) accounting procedures, including the standardisation of forms, and the definition of terms, to be used in operations in a casino;

(b) procedures, forms and, where appropriate, formulas for or with respect to—

(i) hold percentages and the calculation thereof;

(ii) revenue drop;

(iii) complementary services;

(iv) salary arrangements; and

(v) personnel practices;

S. 122(1)(c) amended by No. 7/2006 s. 18.

(c) the system of organising personnel and chain of command authority such as to establish diversity of responsibility among employees engaged in operations in a casino and identification of primary and secondary supervisory positions for areas of responsibility, which areas must not be so extensive as to be impractical for an individual to supervise effectively;

S. 122(1)(d) amended by No. 36/1994 s. 20(za)(i).

(d) procedures for the conduct and playing of games and approved betting competitions;

S. 122(1)(e) amended by Nos 36/1994 s. 20(za)(ii), 28/2022 s. 14.

(e) procedures for the receipt, storage and disbursement of chips and cash, the cashing of cheques, the payment of winnings by electronic funds transfers, the redemption of chips and the recording of all transactions pertaining to casino operations;

S. 122(1)(f) amended by No. 36/1994 s. 20(za)(iii).

(f) procedures for the collection and security of money at the gaming tables and other places in a casino where games or approved betting competitions are conducted;

(g) procedures and forms relating to transfers of money within a casino;

S. 122(1)(h) amended by No. 36/1994 s. 20(za)(iv).

(h) procedures for the transfer of money from the gaming tables and other places in a casino where games or approved betting competitions are conducted to other areas of a casino for counting;

S. 122(1)(i) amended by No. 36/1994 s. 20(za)(v).

(i) procedures and forms for the transfer of money or chips from and to a gaming or betting area;

(j) procedures and security for the counting and recording of revenue;

S. 122(1)(k) amended by Nos 11/2001 s. 3(Sch. item 10.5), 28/2022 s. 8.

(k) procedures and security for the transfer of money from a casino to an ADI and from an ADI to a casino;

(l) procedures for the security, storage and recording of chips utilised in the gaming operations in a casino;