Michigan Administrative Code › Department - Treasury › Michigan Gaming Control Board › Michigan Gaming Control Board - Administrative Rules - Casino Gaming (Parts 1-16) › Part 8 - CONDUCT OF GAMING/GAMING EQUIPMENT › Section R. 432.1833 - Submission of internal controls for complimentary chip distribution program

Current through Vol. 24-12, July 15, 2024
Rule 833.
(1) The
				  submission of the internal control procedures concerning a complimentary chip
				  distribution program shall be conducted as follows:
(a) A casino licensee shall submit internal
				  control procedures to the board not less than 30 days before the proposed
				  initiation of the program. The internal control procedures shall include, at a
				  minimum, all of the following information:
(i)
				  The casino departments that will be responsible for administering the
				  complimentary chip distribution program.
(ii) The security measures that will be taken
				  with respect to the coupons, including, but not limited to, all of the
				  following information:
(A) The manner in
				  which the coupons will be ordered.
(B) The manner in which the coupons will be
				  inventoried upon receipt by the casino licensee.
(C) The manner in which the coupons will be
				  stored and the individuals who will have access to the coupons.
(D) The manner in which discrepancies will be
				  handled.
(E) The manner in which
				  coupons will be voided.
(iii) The casino department or departments
				  that will be responsible for administering the coupon distribution
				  program.
(iv) The manner in which
				  the coupons will be distributed.
(v) The schedule for conducting routine
				  inventories of active unissued coupons. The inventory shall be conducted
				  monthly by not less than 2 individuals from separate casino departments. The
				  results of the inventory shall be recorded in the coupon control
				  ledger.
(vi) The manner in which
				  coupons will be removed from the inventory, recorded, and voided once the
				  coupons become inactive.
(vii) The
				  manner in which the casino department responsible for distributing the coupons
				  can requisition coupons from the casino department responsible for storing the
				  coupons.
(viii) The maximum number
				  of days in advance of an event that coupons can be requisitioned by the casino
				  department responsible for issuing the coupons. The requisition document shall
				  contain, at a minimum, all of the following information:
(A) The date the requisition is
				  prepared.
(B) The day and date for
				  which the coupons are needed.
(C)
				  The type or types of coupons that are requested.
(D) The number of coupons required.
(E) The name, title, and occupational license
				  number of the individual completing the requisition.
(F) The name, title, occupational license
				  number, and signature of the supervisor authorizing the requisition.
(ix) The manner in which the
				  coupons will be issued. The casino licensee shall require that coupons shall be
				  stamped with the date of issuance.
(x) The location of the locked cabinet in
				  which the coupons will be stored before the distribution of the
				  coupons.
(xi) The manner in which
				  coupons may be redeemed for chips by patrons.
(xii) The manner in which coupons redeemed by
				  patrons will be canceled.
(xiii)
				  The manner in which the coupons distributed, coupons not distributed, and
				  coupons issued will be reconciled.
(xiv) The manner in which coupons that have
				  been issued, but not distributed to patrons in the appropriate time frame, will
				  be voided and reconciled.
(xv) The
				  manner in which a dealer or cage employee will receive and account for coupons
				  redeemed by patrons.