La. Admin. Code tit. 42 § III-4317

Current through Register Vol. 50, No. 11, November 20, 2024

Section III-4317 - Destruction of Counterfeit Chips and Tokens

A. Unless a court of competent jurisdiction orders otherwise, a licensee and casino operator shall destroy or otherwise dispose of counterfeit chips and tokens discovered at their establishments in such manner as the division may approve or require.

B. Unless a court of competent jurisdiction orders otherwise, a licensee and casino operator shall dispose of coins of the United States or any other nation discovered to have been unlawfully used at their establishments by including them in their coin inventories or, in the case of foreign coins, by exchanging them for United States currency or coins and including same in their currency or coin inventories, or by disposing of them in any other lawful manner.

C. In addition to such other information as the division may require, each licensee and casino operator shall record:

1. the number and denominations, actual and purported, of the coins and counterfeit chips and tokens destroyed or otherwise disposed of pursuant to this Section;

2. the month during which they were discovered;

3. the date, place, and method of destruction or other disposition, including, in the case of foreign coin exchanges, the exchange rate and the identity of the bank, exchange company, or other business or person at which or with whom the coins are exchanged; and

4. the names of the persons carrying out the destruction or other disposition on behalf of the licensee or casino operator.

D. Each licensee and casino operator shall maintain each record required by this Subsection.

La. Admin. Code tit. 42, § III-4317

Promulgated by the Department of Public Safety and Corrections, Gaming Control Board, LR 38:1684 (July 2012).

AUTHORITY NOTE: Promulgated in accordance with R.S. 27:15 and 24.