ASSEMBLY, No. 993
STATE OF NEW JERSEY
Introduced Pending Technical Review by Legislative Counsel
PRE-FILED FOR INTRODUCTION IN THE 1996 SESSION
By Assemblymen MORAN and CONNORS
An Act concerning credit at casinos and amending P.L.1977, c.110.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Section 99 of P.L.1977, c.110 (C.5:12-99) is amended to read as follows:
99. Internal Controls. a. Each casino licensee shall submit to the commission a description of its system of internal procedures and administrative and accounting controls for gaming and simulcast wagering operations and a description of any changes thereof. Such submission shall be made at least 60 days before such operations are to commence or at least 60 days before any change in those procedures or controls is to take effect, unless otherwise directed by the commission. Each such submission shall contain both narrative and diagrammatic representations of the internal control system to be utilized by the casino, including, but not limited to:
(1) Accounting controls, including the standardization of forms and definition of terms to be utilized in the gaming and simulcast wagering operations;
(2) Procedures, forms, and, where appropriate, formulas covering the calculation of hold percentages, revenue drop, expense and overhead schedules, complimentary services, junkets, cash equivalent transactions, salary structure and personnel practices;
(3) Job descriptions and the system of personnel and chain-of-command, establishing a diversity of responsibility among employees engaged in casino operations and identifying primary and secondary supervisory positions for areas of responsibility, which areas shall not be so extensive as to be impractical for an individual to monitor;
(4) Procedures within the cashier's cage and simulcast facility for the receipt, storage and disbursal of chips, cash, and other cash equivalents used in gaming and simulcast wagering; the cashing of checks; the redemption of chips and other cash equivalents used in gaming and simulcast wagering; the pay-off of jackpots and simulcast wagers; and the recording of transactions pertaining to gaming and simulcast wagering operations;
(5) Procedures for the collection and security of moneys at the gaming tables and in the simulcasting facility;
(6) Procedures for the transfer and recordation of chips between the gaming tables and the cashier's cage and the transfer and recordation of moneys within the simulcasting facility;
(7) Procedures for the transfer of moneys from the gaming tables to the counting process and the transfer of moneys within the simulcasting facility for the counting process;
(8) Procedures and security for the counting and recordation of revenue;
(9) Procedures for the security, storage and recordation of cash, chips and other cash equivalents utilized in the gaming and simulcast wagering operations;
(10) Procedures for the transfer of moneys or chips from and to the slot machines;
(11) Procedures and standards for the opening and security of slot machines;
(12) Procedures for the payment and recordation of slot machine jackpots;
(13) Procedures for the cashing and recordation of checks exchanged by casino and simulcast wagering patrons;
(14) Procedures governing the utilization of the private security force within the casino and simulcasting facility;
(15) Procedures and security standards for the handling and storage of gaming apparatus including cards, dice, machines, wheels and all other gaming equipment;
(16) Procedures and rules governing the conduct of particular games and simulcast wagering and the responsibility of casino personnel in respect thereto; and
(17) Procedures for separately recording all transactions pursuant to section 101 of this act involving the Governor, any State officer or employee, [or] any special State officer or employee, any member of the Judiciary, any member of the Legislature, any officer of a municipality or county [in which casino gaming is authorized], any school board member, chief school administrator, school business administrator or school business manager of a school district, or any gaming related casino employee, and for the quarterly filing with the Attorney General of a list reporting all such transactions.
In addition, each casino licensee shall submit to the commission a description of its system of internal procedures and administrative and accounting controls for non-gaming operations and a description of any changes thereof no later than five days after those operations commence or after any change in those procedures or controls takes effect.
b. The commission shall review each submission required by subsection a. hereof, and shall determine whether it conforms to the requirements of this act and to the regulations promulgated thereunder and whether the system submitted provides adequate and effective controls for the operations of the particular casino hotel submitting it. If the commission finds any insufficiencies, it shall specify same in writing to the casino licensee, who shall make appropriate alterations. When the commission determines a submission to be adequate in all respects, it shall notify the casino licensee of same. No casino licensee shall commence or alter gaming operations unless and until such system of controls is approved by the commission.
(cf: P.L.1992, c.19, s.31)
2. This act shall take effect immediately, except that the recording of all transactions with respect to new applications for credit shall begin on the 90th day after enactment and the recording of all transactions with respect to already existing credit accounts or credit accounts applied for prior to the 90th day after enactment shall begin on the 180th day after enactment
STATEMENT
This bill requires a casino which grants credit for the purpose of gambling to any member of a school board, chief school administrator or school business officer, to separately record all such transactions and to file a list with the Attorney General on a quarterly basis reporting all such transactions.
The bill's provisions would be effective immediately except that the recording of all transactions with respect to new applications for credit would begin on the 90th day after enactment and the recording of all transactions with respect to already existing credit accounts or credit accounts applied for prior to the 90th day after enactment would begin on the 180th day after enactment.
Requires casinos to report to Attorney General the granting of credit for purposes of gambling to any officer of a municipality or county or to certain officers of a school district.