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Classifying and verifying of gross gaming revenue from premium players and non-premium players

Casino Control (Casino Tax) Regulations 2010

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—(1) Where different chip sets are used to classify gross gaming revenue from premium players and non‑premium players —(a)the casino operator shall not allow any exchange of premium chips for non-premium chips (and vice versa) at any table unless otherwise allowed by the Comptroller;(b)the casino operator shall not allow any player to buy any premium chip with cash at any table unless otherwise allowed by the Comptroller;(c)the casino operator shall not accept any wager of premium chips from any player until his identity and status as a premium player are verified before the commencement of his play at any table;(d)the casino operator shall maintain a record of all such verifications carried out on the identity and status of any player under sub-paragraph (c) and paragraph (2); and(e)the casino operator shall not accept any wager of premium chips from a non-premium player at all times.(2) For the purposes of paragraph (1)(c), the Comptroller may specify in writing to a casino operator, requirements as to the method, manner and frequency of verification to be carried out on the identity and status of a premium player.(3) Where classification of gross gaming revenue from premium players is other than by different chip sets, the casino operator shall put in place a system (subject to such conditions as may be specified by the Comptroller) that will allow proper classification and verification of gross gaming revenue from premium players.(4) Any casino operator which fails to comply with any requirement specified under paragraph (1), (2) or (3) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000.(5) Notwithstanding that a casino operator may be liable for an offence under paragraph (4), the Comptroller shall not be precluded from assessing, to the best of his judgement, the amount of casino tax due from the casino operator under section 146B of the Act.(6) In this regulation —“non-premium chip” means any chip used other than a premium chip;“non-premium player” means a patron of a casino who has not been verified to be a premium player;“premium chip” means any chip denoted as a chip for use by a premium player for the purpose of gaming.

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