Arkansas Administrative Code › Agency 006 - Department of Finance and Administration › Division 06 - Racing Commission › Rule 006.06.21-011 - Casino Gaming Rule 24

Current through Register Vol. 49, No. 6, June, 2024
RULE 24
			 OFF-TRACK PARI-MUTUEL HORSE RACE ACCOUNT WA GERING
24.005
Scope.
These Rules govern
			 all off-track pari-mutuel horse race account wagering in Arkansas for which a
			 license or approval has been granted by the Commission pursuant to Amendment
			 100. Franchise holders may continue to accept wagers pursuant to Ark. Code Ann.
			 §
									23-110-405(e)(l)
			 or Ark. Code Ann.§
									23-111-508(e)(l).
24.010
Definitions.
As used in
			 this Rule:
1. "Account wagering system" means
			 a system of wagering using telephone, computer or other method of wagering
			 communication as approved by the Commission, whose components shall be located
			 in this State. The components shall include, but not be limited to, the systems
			 operator, permanent information databases, system monitoring equipment,
			 writers, and patron service representatives.
2. "Race book" means a business that accepts
			 wagers on horse or other animal races. A casino licensee that is also a
			 franchise holder may elect to have its race book operations relating to
			 pari-mutuel wagering and horse and greyhound racing regulated and governed by
			 the Arkansas Horse Racing Law at Ark. Code Ann.§§
										23-110-101, et
			 seq., or the Arkansas Greyhound Racing Law at Ark. Code Ann. §§
										23-111-101, et
			 seq., respectively, and rules promulgated by the Commission thereunder and not
			 by these Rules.
3. "Call center
			 system" means a computerized system, or a component of such a system, that is
			 used to receive and transmit pari-mutuel race wagering instructions from a
			 patron to a person licensed to accept off-track pari-mutuel race wagers. The
			 call center system is located within Arkansas but off the premises of a
			 licensed gaming establishment or any affiliated licensed gaming
			 establishment.
4. "Director" means
			 the Director of the Arkansas Racing Commission or the Commission's
			 designee.
5. "Communications
			 technology" means the methods used and the components employed to facilitate
			 the transmission of information including, but not limited to, transmission and
			 reception systems based on wire, cable, radio, microwave, light, optics,
			 cellular data, or computer data networks and the Internet.
6. "Internet" means the international
			 computer network of both Federal and non-Federal interoperable packet switched
			 data networks.
7. "Key employee"
			 means an employee in any of the classes described in these Rules.
8. "Messenger bettor" means a person who
			 places a wager for the benefit of another for compensation.
9. "Operator of a call center" means a person
			 who, as an agent of a licensed Arkansas parimutuel race book, engages in the
			 business of operating a call center system as a means of providing patron
			 services to assist a patron located in a state or foreign jurisdiction where
			 such wagering is legal, to convey pari-mutuel horse race wagering instructions
			 to one or more licensed Arkansas parimutuel race books. A Arkansas pari-mutuel
			 race book operating a call center on the premises of their gaming establishment
			 or any affiliated licensed gaming establishment, with participation limited to
			 affiliated licensed gaming establishments, is not an operator of a call
			 center.
10. "Post time" means,
			 unless an earlier time is required by regulation in the state where the race is
			 run, the time when the race is started by, as applicable, the opening of the
			 gates and/or box, the starting gate car begins to close its arms, or such other
			 method used by the track and administratively approved by the
			 Commission.
11. "Secure personal
			 identification" means a secure personal identification as that term is defined
			 in Rule 4.225.
12. "Wagering
			 account" means a sports wagering account as that term is defined in these
			 Rules.
13. "Wagering communication"
			 means the transmission of a wager between a point of origin and a point of
			 reception by aid of a communications technology.
14. "Wagering instructions" means the
			 instructions given by a patron on the grounds of the licensee's facility where
			 casino gaming is conducted or who maintains a mobile wagering account at a book
			 to effect a wagering communication to the book.
24.020
License required;
			 applications.
1. No person may operate
			 or own any interest in a race book in Arkansas unless that person holds a
			 Casino gaming license specifically permitting the person to do so.
24.030
Finding of
			 suitability required to operate a call center; applications.
1. A person shall not function as the
			 operator of a call center unless the person has been found suitable pursuant to
			 these Rules.
2. Applications for a
			 finding of suitability to function as the operator of a call center must be
			 made, processed, and determined using such forms as the Commission may require
			 or approve.
24.040
Registration of managers or supervisors.
1. Any individual who fulfills the function
			 of race book manager or supervisor or who fulfills the function of a manager or
			 supervisor for an operator of a call center must register with the Commission.
			 Such registration must be made on a form provided by the Commission and shall
			 include the individual's:
(a) Full legal name
			 and any aliases, nicknames, maiden name and any other change, legal or
			 otherwise;
(b) Social security
			 number and current driver's license number;
(c) Date and place of birth;
(d) History of residence for the past 5
			 years;
(e) History of employment
			 for the past 10 years;
(f) Complete
			 history of arrests, detentions, or litigations including any which have been
			 sealed or expunged by court order;
(g) Consent to a full licensing
			 investigation, subject to the provisions of this Rule, by the Commission;
			 and
(h) Such other information as
			 required by the Commission.
2. Licensed key employees or key employees in
			 applicant status are not required to register pursuant to this
			 section.
3. Individuals required to
			 register must file within 30 days of assuming such duties.
4. After reviewing the registration forms,
			 the Commission may request that the individual file a completed application
			 form. Individuals who object to the request for submission of a completed
			 application form and commencement of a full licensing investigation by the
			 Commission may appeal the administrative decision to the full Commission in a
			 manner similar to that outlined in these Rules.
24.045
Employees of an operator of a
			 call center.
Any employee of an operator of a call center who fulfills
			 the function of receiving and transmitting wagering instructions and any
			 employee supervising this function is a gaming employee as defined in these
			 Rules.
24.050
Reserve
			 requirements.
1. Notwithstanding the
			 minimum reserve requirements established for wagering accounts pursuant to
			 these Rules, each book shall comply with the following to calculate the minimum
			 reserve requirements:
(a) Each book shall at
			 all times maintain a reserve of not less than the greater of $25,000 or the sum
			 of the following amounts:
(1) Amounts held by
			 the book for the account of patrons;
(2) Amounts accepted by the book as wagers on
			 contingencies whose outcomes have not been determined; and
(3) Amounts due the patron on wagers whose
			 outcomes have been determined but that have not been posted to the patron's
			 wagering account.
(b)
			 Before beginning operations, each newly-licensed book must establish a reserve
			 of at least the greater of $25,000 or the amount the Commission projects will
			 at least equal the sum of the amounts specified in these Rules at the end of
			 the first week of the book's operation. After the book begins operations, the
			 book's reserve must comply with these Rules.
3. The reserve described in subsection 1 may
			 be combined as a single amount with the reserve described in these
			 Rules.
24.060
Recordation of wagers.
Immediately upon accepting an account
			 wager, the book shall create an electronic record of the terms of the wager in
			 the off-track pari-mutuel race system.
24.070
Acceptance of wagers.
1. Books may not accept wagers unless made
			 against credits made to a wagering account as provided for in these Rules or on
			 credit extended in accordance with the Rules of the Commission.
2. A book shall accept wagers only on its
			 licensed premises, and only at betting stations approved by the Commission or
			 through an account wagering system that has been approved by the
			 Commission.
3. A book shall not
			 knowingly accept money or its equivalent ostensibly as a wager upon an event
			 whose outcome has already been determined.
4. No book or agent or employee of a book may
			 accept a wager from a person who the book, agent, or employee knows or
			 reasonably should know is a messenger bettor or is placing the wager in
			 violation of state or federal law.
5. No book may hold a patron's money or its
			 equivalent on the understanding that the book will accept the money as a wager
			 only upon the occurrence of a specified, future contingency, unless an
			 electronic record documenting the wager and contingency is immediately made in
			 the off-track pari-mutuel race system.
24.072
Imposition of supplemental
			 recordkeeping and reporting requirements.
The Commission may require a
			 book to comply with the identification, recordkeeping, and reporting
			 requirements of these Rules for inter-state pari-mutuel horse race account
			 wagers. The Commission shall notify the book of the decision, in writing, and
			 such decision shall be considered an administrative decision, and therefore
			 reviewable pursuant to the procedures set forth in these Rules.
24.080
Payment of winning wagers.
In the event the off-track pari-mutuel system is not functioning, a
			 licensed race book shall determine the winners of or payouts on wagers on horse
			 races in accordance with the provisions of these Rules.
24.090
Off-track pari-mutuel race
			 systems.
Before beginning operations, each book shall install and
			 thereafter maintain an off-track pari-mutuel race system meeting the
			 specifications approved by the Commission.
24.100
Layoff bets.
A book may
			 place or accept wagers from another book if the accepting book does not have
			 common control (as defined in these Rules) with the placing book. A book that
			 is permitted to place a layoff wager shall inform the book accepting the wager
			 that the wager is being placed by a book and shall disclose its
			 identity.
24.110
Prohibition
			 against rescission of wagers.
A book may not unilaterally rescind any
			 wager without the prior written approval of the Commission.
24.120
Prohibited wagers.
No
			 wagers may be accepted or paid by any pari-mutuel race book on any event other
			 than a horse race that is offered as part of a pari-mutuel pool.
24.130
Wagers; terms and
			 conditions.
No book shall:
1. Accept
			 from a patron, directly or indirectly, less than the full face value of an
			 off-track pari-mutuel wager;
2.
			 Agree to refund or rebate to a patron any portion or percentage of the full
			 face value of an off-track pari-mutuel wager; or
3. Increase the payoff of, or pay a bonus on,
			 a winning off-track pari-mutuel wager.
The provisions of this section do not prohibit the granting of
				room, food, beverage or entertainment admission complimentaries.
24.140
Communications technology.
1.
			 Before installing or permitting the installation of any communications
			 technology on the premises of a book or a call center, the book or the call
			 center shall notify the Commission in writing of the location and number or
			 other identifier of each communications technology and shall obtain the written
			 approval of the Commission for each communications technology. The Commission
			 may condition the approval in any manner the Commission considers
			 appropriate.
2. Before a book
			 accepts any wagering communications, and before a call center accepts any
			 wagering instructions, the book and the call center must obtain the written
			 approval of the Commission to accept such wagering communications and wagering
			 instructions, and thereafter use only the communications technology approved
			 for that purpose. The book or the call center must obtain written permission
			 from the Commission by March 1st of each calendar year to continue using the
			 communications technology.
3. As a
			 condition to the granting of the privilege of having communications technology
			 upon the licensed premises, the book and the call center shall be deemed to
			 have consented to the authority of the Commission to require the immediate
			 removal of any communications technology from the licensed premises at any time
			 without prior notice of hearing. After any such removal, the book or the call
			 center may request a hearing before the Commission as to whether or not
			 circumstances may warrant the permanent revocation of the privilege of having
			 communications technology upon the premises.
4. Upon the request of either the Commission,
			 a book or a call center shall provide a written consent for the Commission to
			 examine and copy the records of any telephone, telegraph, or other
			 communications company or utility that pertain to the operation of the book or
			 the call center.
5. A call center
			 system is associated equipment requiring approval pursuant to these
			 Rules.
6. A book receiving wagering
			 instructions from a call center system shall comply with the requirements of
			 these Rules prior to the use of this system.
7. Nothing herein prohibits the use of the
			 Internet for the purposes of establishing wagering accounts or transacting
			 wagering account deposits and withdrawals.
24.150
Use of an operator of a call
			 center.
1. A licensed Arkansas
			 pari-mutuel race book shall not utilize an operator of a call center unless the
			 operator of the call center has been found suitable by the
			 Commission.
2. The call center
			 system, or a component of such a system, will record patron instructions
			 received and transmitted to a licensed Arkansas pari-mutuel race book and the
			 date/time instructions are received from a patron for:
(a) Pari-mutuel horse race wagers to be
			 placed; and
(b) Any other
			 pari-mutuel horse race wagering instructions as may be approved by the
			 Commission.
3. The
			 operator of a call center performs such patron services as:
(a) Receiving pari-mutuel horse race wagering
			 instructions from a patron and performing procedures to provide reasonable
			 assurance that the patron is located within the borders of a state or foreign
			 jurisdiction
in
which pari-mutuel horse race wagering is legal,
			 and that the state or foreign jurisdiction does not otherwise restrict wagering
			 on accounts located outside its borders prior to accepting a wagering
			 communication. Reasonable assurance of patron location includes, but is not
			 limited to, an inquiry process through electronic or voice-only means
in
which patrons affirm their physical location at the time of
			 each wagering communication. A recording of the inquiry process with the patron
			 shall be retained for a period of 60 days;
(b) Providing help desk responses to patrons
			 and the general public concerning parimutuel horse race wagers at a licensed
			 Arkansas pari-mutuel race book; and
(c) Such other patron services as may be
			 approved by the Commission.
4. In addition to the posting of the wager in
			 the off-track pari-mutuel race system by the Arkansas pari-mutuel race book,
			 all wagering instructions shall be electronically recorded and retained for a
			 period of 60 days. The method of recording the wagering instructions must be
			 approved by the Commission. Such recordings must be made immediately available
			 to any Commission agent upon request.
5. The operator of a call center shall allow
			 the members of the Commission, their agents and employees to immediately
			 inspect and examine the premises and immediately inspect, examine, photocopy,
			 and examine all papers, books, and records, on the premises, or elsewhere as
			 practicable.
6. The operator of a
			 call center shall operate in compliance with all applicable provisions of this
			 Rule.
7. The licensed Arkansas
			 pari-mutuel race book shall maintain responsibility for any operator of a call
			 center, used by the book, to operate in compliance with all state and federal
			 laws and regulations, as applicable.
8. Violation of any applicable law or Rule by
			 an operator of a call center constitutes reasonable cause for disciplinary
			 action.
24.160
Wagering communications; establishing patron wagering accounts for
			 parimutuel race wagering.
1. Each
			 Casino licensee that accepts wagering communications shall establish and
			 implement pursuant to Rule 6 a system of internal control for such
			 transactions, and comply with both its system of internal control and the
			 minimum internal control standards contained in these Rules. Each licensee that
			 accepts wagering communications shall comply with the internal control
			 procedures contained in these Rules.
2. Each book shall prepare a written
			 description of its house rules and procedures for wagering communications, and
			 shall make a copy available to each patron for whom a wagering account is
			 established. Prior to adopting or amending such house rules, a book shall
			 submit such rules to the Commission for approval.
3. A race book licensed to accept off-track
			 pari-mutuel horse race wagers may establish wagering accounts for residents of
			 Arkansas and residents of any state or foreign jurisdiction in accordance with
			 these Rules. Patrons having established a wagering account may place off-track
			 pari-mutuel horse race wagers from within Arkansas or from other states or
			 foreign jurisdictions in which pari-mutuel horse race wagering is legal
			 provided that the state or foreign jurisdiction does not otherwise restrict
			 wagering on accounts located outside its borders. Before a race book accepts a
			 wagering communication, or a call center accepts a wagering instruction, on an
			 offtrack pari-mutuel horse race, the following must occur:
(a) A race book must register the patron and
			 create a wagering account for the patron in accordance with these Rules, except
			 that a race book may confirm the patron's identity remotely if the wagering
			 account is used solely to place off-track pari-mutuel horse race
			 wagers.
(b) A race book shall
			 confirm that the state or foreign jurisdiction in which the patron resides is a
			 jurisdiction in which off-track pari-mutuel horse race wagering is legal, and
			 that the state or foreign jurisdiction does not otherwise restrict wagering on
			 accounts located outside its borders, prior to the book accepting wagers on
			 such accounts. The race book shall maintain a record of such
			 confirmation.
(c) The race book
			 must have the patron affirm that the patron has been informed and acknowledges
			 that, with regard to off-track pari-mutuel horse race wagers, the book may
			 accept such wagers from patrons only when the patron is located within Arkansas
			 or other states or foreign jurisdictions in which pari-mutuel horse race
			 wagering is legal and such wagering on accounts located outside its borders is
			 not otherwise restricted.
(d)
			 Notwithstanding the requirements of these Rules, for a business entity patron,
			 the patron must provide an employee of the book, and the book must record and
			 maintain, the following information before the book registers and creates a
			 wagering account for the patron.
i. The name,
			 residential address, copy of a valid photo identification which evidences that
			 the person is at least 21 years of age, and social security number or
			 individual taxpayer identification number, of each of the business entity's
			 equity owners, holders of indebtedness, directors, officers, managers and
			 partners, anyone entitled to payments based on the profits or revenues and any
			 designated individuals;
ii. The
			 business entity's formation documents and all filings with the Secretary of
			 State;
iii. Any other documentation
			 or information the Commission may require; and
iv. Any other documentation or information
			 the race book or sports pool may require.
(e) The employee must record such
			 information. Unless a book has otherwise been granted approval by the
			 Commission pursuant to these Rules, the information required by this subsection
			 shall be provided by the patron to an employee of the book at the premises of
			 the book;
4. In addition
			 to the posting of the wager in the off-track pari-mutuel race system, all
			 wagering communications shall be electronically recorded and retained for a
			 period of 60 days. The method of recording the wager must be approved by the
			 Commission. Such recordings must be made immediately available to any
			 Commission agent upon request.
5.
			 All wagering account applications or amendments thereto for active accounts
			 must be retained by the book. All wagering account applications or amendments
			 thereto for rejected applications shall be retained by the book for no less
			 than one year following the rejection of the related application. All wagering
			 account applications or amendments thereto for closed accounts shall be
			 retained by the book for no less than one year following the closure of the
			 related wagering account.
6. A race
			 book shall not allow the use of a wagering account established pursuant to this
			 section for forms of wagering other than off-track pari-mutuel horse race
			 wagering unless:
(a) The establishment and use
			 of the wagering account otherwise meets all of the requirements of these Rules;
			 and
(b) Administrative approval has
			 been granted by the Commission.
24.170
Account wagering systems.
Account wagering systems shall:
1. For
			 systems that use other than voice-only wagering communications technology,
			 provide for the patron's review and confirmation of all wagering information
			 before the wagering communication is accepted by the book. The system shall
			 create a record oft he confirmation. This record of the confirmation of the
			 wager shall be deemed to be the actual transaction of record, regardless of
			 what wager was recorded by the system;
2. Prohibit wagers from being changed after
			 the patron has reviewed and confirmed the wagering information, and the
			 specific wagering communication transaction has been completed;
3. Prohibit the acceptance of wagers after
			 post time;
4. Prohibit a book from
			 accepting an account wager, or a series of account wagers, in an amount in
			 excess of the available balance of the wagering account;
5. Prohibit a book from accepting sports
			 wagers and nonpari-mutuel horse race wagers from a patron while physically
			 located outside the state;
6. Post
			 payment on winning account wagers as a credit to the patron's wagering account
			 as soon as reasonably practicable after the event is declared
			 official;
7. Maintain a completely
			 separate wagering account for pari-mutuel horse race wagers. Wagering accounts
			 for pari-mutuel sports wagers, nonpari-mutuel horse race wagers and
			 nonpari-mutuel sports wagers may be commingled in a single separate wagering
			 account;
8. Maintain complete
			 records of every deposit, withdrawal, wager, winning payoff, and any other
			 debit or credit for each account; and
9. For systems that use other than voice-only
			 wagering communications technology, produce a printable record of the entire
			 transaction as required by this section and shall not accept any wagering
			 communication or transaction if the printable record system is
			 inoperable.
24.185
Business Entity Wagering.
1. A
			 book shall notify the Commission in writing of its intent to accept wagers from
			 business entities which have met all of the applicable requirements of these
			 Rules.
2. A book is prohibited from
			 accepting wagers from a business entity unless all of the business entity's
			 owners, directors, officers, managers, partners, holders of indebtedness, and
			 anyone entitled to payments based on profits or revenues of the entity are
			 fully disclosed. If the business entity is owned or controlled by one or more
			 holding companies, each of the holding companies' owners, directors, officers,
			 managers, partners, holders of indebtedness and everyone entitled to payments
			 based on profits or revenues of the entity must be fully disclosed.
3. A book which elects to accept wagers from
			 business entities must conduct due diligence on each business entity from which
			 the book will accept wagers which, at a minimum, includes, but is not limited
			 to:
(a) Requiring the business entity to
			 affirm that it has met all of the applicable requirements found in these Rules
			 and that it is not established for the purpose of circumventing any applicable
			 federal or state laws including, but not limited to, laws concerning illegal
			 sports wagering, electronic communications, and money laundering;
(b) Ascertaining all equity owners, holders
			 of indebtedness, directors, officers, managers, partners, anyone entitled to
			 payments based on the profits or revenues, and any designated individuals;
			 and
(c) Ascertaining the natural
			 person who is the source of funds for each contribution to the business entity.
A book shall maintain records of the due diligence it performs
				on a business entity for no less than one year following the closure of the
				wagering account of the business entity or for no less than one year after
				rejection of a business entity wagering account application by the book.
4. A book shall not
			 accept wagers from a business entity if:
(a)
			 The business entity does not make the affirmation or disclosures required by
			 subsections 2 or 3(a);
(b) The book
			 is unable to verify the identity of all the equity owners, holders of
			 indebtedness, directors, officers, managers, partners, anyone entitled to
			 payments based on the profits or revenues, and any designated individuals of
			 the business entity; or
(c) The
			 book is unable to verify the natural person who is the source of funds for each
			 contribution to the business entity.
5. Upon receipt of updated information from a
			 business entity, a book shall verify the updated information. If a book is
			 unable to verify the updated information within 30 days of the book's receipt
			 of the updated information from the business entity, the book shall suspend the
			 wagering account and not allow further wagering activity on the wagering
			 account.
6. A book shall require a
			 business entity from which the book accepts wagers to provide:
(a) For business entities from which the book
			 accepts wagers aggregating more than $5,000,000 in a calendar year, an
			 independent third-party verification concerning to whom the business entity
			 made payments based on profits or revenues to ensure no payments were made to
			 persons other than those permitted by these Rules to receive such payments. If
			 the book does not receive a copy of the independent third-party verification
			 prior to April 1st of the year following the year in which the business entity
			 placed wagers in excess of $5,000,000, the book shall suspend the wagering
			 account and not allow further wagering activity on the wagering account
			 or
(b) For business entities from
			 which the book accepts wagers aggregating $5,000,000 or less within a calendar
			 year, an affirmation stating the business entity did not make payments based on
			 profits or revenues to persons other than those permitted by these Rules to
			 receive such payments. If the book does not receive such affirmation prior to
			 April 1st of the year following any year in which the business entity placed
			 wagers with the book, the book shall suspend the wagering account and not allow
			 further wagering activity on the wagering account.
7. A book shall report any violation or
			 suspected violation of law or Rule related to business entity wagering to the
			 Commission immediately. Such reporting shall include, but is not limited to,
			 any violation or suspected violation ofrelevant federal laws such as The
			 Federal Wire Act
			 18 U.S.C. §
											1084, the Illegal Gambling Business Act
			 18 U.S.C. §
											1955, and Title 31 anti-money laundering
			 laws.
8. A book may only accept
			 wagering activity from a business entity, acting through one or more designated
			 individuals, through a wagering account established by the business entity and
			 may only deposit winnings into such wagering account. The book must use an
			 account wagering system for such wagering activity. The requirement to use an
			 account wagering system will become effective upon the date approved by the
			 Commission.
9. A book shall not
			 extend credit to a business entity.
10. A book shall report the suspension or
			 closure of a business entity wagering account to the Commission within 5 days
			 of suspension or closure and shall include the reason for such suspension or
			 closure in the report. A book shall report the reinstatement of a suspended
			 business entity wagering account to the Commission within 5 days of
			 reinstatement and shall include the reasons the book reinstated the wagering
			 account.
11. A book that accepts
			 wagers from business entities shall adopt, conspicuously display at its
			 premises, and adhere to house rules governing business entity wagering
			 transactions.
12. A book that
			 accepts wagers from business entities shall implement policies and procedures
			 designed to ensure that business entities' wagering accounts are used only to
			 place book wagers.
13. As used in
			 this section, "holding company" means any corporation, firm, partnership,
			 limited partnership, limited-liability company, trust or other form of business
			 organization which, directly or indirectly:
(a) Owns, as defined in these
			 Rules;
(b) Controls, as defined in
			 these Rules; or
(c) Holds with
			 power to vote any part of a business entity subject to this section. In
			 addition to any other reasonable meaning of the words used, a holding company
			 "indirectly" has, holds or owns any power, right or security if it does so
			 through any interest in a subsidiary or successive subsidiaries, however many
			 such subsidiaries may intervene between the holding company and the business
			 entity subject to this section.
24.190
Wagering account
			 transactions.
1. Except as otherwise
			 provided herein, deposits, credits, and debits to wagering accounts shall be
			 made in accordance with these Rules.
2. Business entity wagering account deposits
			 and withdrawals may only be made by transfers to and from the bank or financial
			 institution account maintained by the business entity. Business entity wagering
			 account deposits and withdrawals may not be made in cash.
24.200
Gross revenue computations and
			 layoff bets.
The amounts of wagers placed by a book and the amounts
			 received by the book as payments on such wagers shall not affect the
			 computation of the book's gross gaming revenue.
24.210
Assigned agent.
The
			 Commission may at any time require a book to allow an agent of the Commission
			 to be permanently present on the book's premises during all hours of operation,
			 and to require the costs and expenses for such agent to be borne by the book in
			 a manner deemed reasonable by the Commission. The agent shall have full and
			 complete access to all books, records, and to any telephone conversations
			 emanating from or received at the licensed premises.
24.220
Records and forms.
Books
			 shall create and maintain the records and reports required by this Rule in such
			 manner and using such forms as the Commission may require or approve. The
			 Commission may require books to create and maintain such other records and
			 reports as are necessary or convenient for strict regulation of books. Except
			 as otherwise provided in this Rule, books shall preserve the records required
			 by this Rule for at least 5 years after they are made. The Commission may at
			 any time examine and copy the records of any book. Each book shall comply with
			 all other applicable Rules of the Commission to the extent not in conflict with
			 this Rule.