N.Y. Racing, Pari-Mutuel Wagering and Breeding Law § 1334: Internal controls

§ 1334. Internal controls. 1. Each applicant for a gaming facility

license shall create, maintain, and file with the commission a

description of its internal procedures and administrative and accounting

controls for gaming operations that conform to commission regulations

and provide adequate and effective controls, establish a consistent

overall system of internal procedures and administrative and accounting

controls and conform to generally accepted accounting principles, and

ensure that gaming facility procedures are carried out and supervised by

personnel who do not have incompatible functions. A gaming facility

licensee's internal controls shall contain a narrative description of

the internal control system to be utilized by the gaming facility,

including, but not limited to:

(a) Accounting controls, including the standardization of forms and

definition of terms to be utilized in the gaming operations;

(b) Procedures, forms, and, where appropriate, formulas covering the

calculation of hold percentages; revenue drop; expense and overhead

schedules; complimentary service or item; junkets; and cash equivalent

transactions;

(c) Procedures within the cashier's cage for the receipt, storage and

disbursal of chips, cash, and other cash equivalents used in gaming; the

cashing of checks; the redemption of chips and other cash equivalents

used in gaming; the pay-off of jackpots; and the recording of

transactions pertaining to gaming operations;

(d) Procedures for the collection and security of moneys at the gaming

tables;

(e) Procedures for the transfer and recordation of chips between the

gaming tables and the cashier's cage;

(f) Procedures for the transfer of moneys from the gaming tables to

the counting process;

(g) Procedures and security for the counting and recordation of

revenue;

(h) Procedures for the security, storage and recordation of cash,

chips and other cash equivalents utilized in the gaming;

(i) Procedures for the transfer of moneys or chips from and to the

slot machines;

(j) Procedures and standards for the opening and security of slot

machines;

(k) Procedures for the payment and recordation of slot machine

jackpots;

(l) Procedures for the cashing and recordation of checks exchanged by

casino patrons;

(m) Procedures governing the utilization of the private security force

within the gaming facility;

(n) Procedures and security standards for the handling and storage of

gaming apparatus including cards, dice, machines, wheels and all other

gaming equipment;

(o) Procedures and rules governing the conduct of particular games and

the responsibility of gaming facility personnel in respect thereto;

(p) Procedures for the orderly shutdown of gaming facility operations

in the event that a state of emergency is declared and the gaming

facility licensee is unable or ineligible to continue to conduct gaming

facility operations during such a state of emergency, which procedures

shall include, without limitation, the securing of all keys and gaming

assets.

2. No minimum staffing requirements shall be included in the internal

controls created in accordance with subdivision one of this section.