Louisiana Revised Statutes 27:239 – Application for contract; additional requirements; summary of proposed gaming operations
Terms Used In Louisiana Revised Statutes 27:239
- Applicant: means any person who has submitted an application or bid to the corporation for a permit, license, or contract under the provisions of this Chapter. See Louisiana Revised Statutes 27:205
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: means the Louisiana Economic Development and Gaming Corporation, which except as specifically provided in this Chapter shall be a special corporation operated for a public purpose, the ownership interest of which is vested in the state. See Louisiana Revised Statutes 27:205
- Security: means the protection of information that would or could provide an unfair advantage to any individual involved in the operation of the casino gaming; protection and preservation of the integrity of casino gaming games and operations; as well as measures taken to prevent crimes against a gaming operator or the corporation. See Louisiana Revised Statutes 27:205
- Slot machine: means any mechanical, electrical, or other device, contrivance, or machine which, upon insertion of a coin, token, or similar object therein or upon payment of any consideration whatsoever, is available to play or, operate the play or operation of which, whether by reason of the skill of the operator or application of the element of chance, or both, may deliver or entitle the person playing or operating the machine to receive cash, premiums, merchandise, tokens, or any thing of value, whether the payoff is made automatically from the machine or in any other manner. See Louisiana Revised Statutes 27:205
The corporation shall require any applicant for a contract to conduct gaming operations pursuant to the provisions of this Chapter to provide the corporation with a summary describing the financial, internal, and security aspects of the proposed gaming operations, including but not limited to:
(1) Accounting and financial controls, including the procedures to be utilized in counting, banking, storage, and handling of cash.
(2) Procedures, forms, and, where appropriate, formulas covering the calculation of hold percentages, revenue drop, expense and overhead schedules, complimentary services, cash equivalent transactions, the 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 gaming operations and identifying primary and secondary supervisor 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 for the receipt, storage, and disbursal of chips, cash, and other cash equivalents used in gaming, the payoff of jackpots, and the recording of transactions pertaining to gaming operations.
(5) Procedures for the collection and security of monies at the gaming tables.
(6) Procedures for the transfer and recordation of chips between the gaming tables and the cashier’s cage.
(7) Procedures for the transfer of monies from the gaming tables to the counting process.
(8) Procedures and security for the counting and recordation of revenue.
(9) Procedures for the security, storage, and recordation of chips and other cash equivalents utilized in the gaming operation.
(10) Procedures for the transfer of monies 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 patrons.
(14) Procedures governing the utilization of the private security forces within the designated area.
(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 the responsibilities of the gaming personnel in respect thereto.
Acts 1992, No. 384, §1, eff. June 18, 1992. Redesignated from La. Rev. Stat. 4:639 by Acts 1996, 1st Ex. Sess., No. 7, §3, eff. May 1, 1996.