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Can you summarize 10 DEAC 203?
Office of the State Lottery > Video Lottery and Table Game Regulations
Short Summary
These regulations govern the operations of video lottery and table games in the State of Delaware. The Delaware State Lottery Office strictly regulates these operations to ensure public trust, integrity of gaming operations, and collection of required tax revenue. The regulations establish Minimum Internal Control Standards (MICS) that prescribe procedures for effective control over the internal fiscal affairs of an agent. The MICS cover various aspects, including accounting methods, organizational structure, revenue and expense reporting, cash handling, security, surveillance, authorized games, shutdown procedures, information technology controls, and compliance with the Bank Secrecy Act. The document also provides definitions for key terms used in the regulations. The regulations require applicants for a video lottery agent license to submit detailed information about their organization, ownership, financial statements, tax returns, insurance policies, and other relevant documents. The Director evaluates license applications based on factors such as criminal background, financial capability, business plan, cooperation with the agency, and suitability for licensure. The regulations also outline the conditions and obligations of license holders, including cooperation with inspections, maintenance of suitability for licensure, and notification of changes in ownership. The document further specifies that institutional investors may be exempt from certain licensing requirements. Overall, these regulations aim to ensure the integrity and fairness of video lottery and table game operations in Delaware. The regulations also include provisions related to the installation and maintenance of closed circuit television (CCTV) systems for surveillance purposes, staffing requirements for the surveillance department, and facility requirements for licensed agents.
Whom does it apply to?
Persons licensed by the Director of the agency to conduct table games and/or video lottery operations
What does it govern?
Video Lottery and Table Game Regulations
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Not specified in the document.
Jurisdiction
Delaware