Applicable to All Sections

No.  All promotional payouts made to a patron for an amount greater than or equal to $500 and not deducted from gross gaming revenue require proper documentation as stated in the MICS.  The documentation with the required signatures is to be prepared at the point of payment to the patron.

Yes, the same dollar values do also apply to personal property.  The dollar amount of the promotional payout for personal property distributed is valued at the licensee’s cost to obtain the personal property.

No, as long as the MICS requirements for “electronic signature” are being complied with and it provides at least the same level of control for the transaction as required by the applicable MICS. For additional details on signatures, see applicable opening notes within each section of the MICS.

The MICS of the applicable gaming section and the Cage and Credit section regarding wagering account apply.

Generally, a MICS may require the transaction amount to be recorded on a document.  For manually prepared documents, the MICS may require the dollar amount to be recorded in alpha since it is possible for an individual to alter the dollar amount manually-recorded in numeric. 

The transaction dollar amount is to be “unalterable” once recorded, meaning that the recorded amount in numeric and/or alpha is not capable of being altered, changed, or modified by an individual without being detected.  The most common “unalterable” method involves the transaction dollar amount being electronically printed in numeric and/or alpha on a document and/or electronically recorded in a file by a computerized system.  An individual is not able to edit the final transaction amount recorded by the computerized system without being detected (e.g., exception report records alteration and/or manually alter printed amount on report, etc.). 

The general criteria for a system being defined as a “player rating system” are as follows:

1. The points (a generic term and refers to a representative of value awarded to patron based on criteria established by management) assigned to a patron are only used as a complimentary award guide for management to evaluate the complimentary award level for patrons. Management may choose to issue a complimentary award based on the points’ dollar value, issue an amount in excess of the points’ dollar value, or not issue a complimentary award.
2. Patrons may have knowledge of the points balance in their account; however, they are not able to dispute the denial of a complimentary award or the issuance of a complimentary award below a level that the patron believes he should get, since there is no advertising or material given to the patron describing how to earn points. Therefore, the patron does not have a choice on how to redeem his points and would not be able to dispute the dollar value of the points.
3. There is no liability associated with points given to patrons, as they are ultimately awarded to track the level of a patron’s play. Management provides complimentary awards at its discretion by reviewing the points associated with the patron’s level of play.

In general when Tier Credits, or other similar types of reward levels, earned are based on patron play or are directly tied to the earning of player points, the Tier Credits component constitutes a component of the computerized player tracking system and is required to be in compliance with all applicable computerized player tracking MICS.  Each rewards program should be evaluated based on its own merits.

Yes. If the intent is not to limit the progressive payout, it is acceptable to input the highest amount allowed by the system and not post a conspicuous notice of an actual limit.

Gross revenue for each contest/tournament must be calculated separately.  Regulation 6.110(12) states “A licensee shall calculate and report gross revenue on an independent, contest-by-contest, or tournament-by-tournament, basis and only upon the conclusion of the contest or tournament.”

Yes.  Rebuys into a contest/tournament must be included as entry fees when calculating gross revenue.

No.  Per Regulation 6.110 (12) and NRS 436.0161(1) only cash, cash equivalents, and the cost of noncash prizes paid out to participants may be deducted for purposes of computing gross revenue from contests/tournaments.  Therefore, the free play credits and/or promotional chips would not be deductible for this purpose since there is no cost to the licensee.

Yes, in a limited and clearly defined advisory capacity only. A licensee’s Internal Audit department may provide interpretive guidance, technical input, and recommendations regarding compliance with the Board’s Minimum Internal Control Standards (MICS). Internal Audit must not design, draft, implement, approve, own, or operate internal controls.

Responsibilities for the design, implementation, approval, and ongoing maintenance of internal controls rest solely with licensee’s management and operations. Any involvement by Internal Audit beyond an advisory role compromises the independence and objectivity required of the internal audit department.

No.  These standards require the procedure to be performed within the frequency noted in the particular MICS.  It is at the licensee’s discretion as to which specific day the procedure is performed (unless specifically noted in the standard).  The licensee should keep in mind that the time period between performance of the procedure should not extend beyond the period noted.