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Can you summarize 1 COCR 207-1 RULE 11?
GAMING REGULATIONS > MINIMUM PROCEDURES FOR DROP, COUNT, AND DISTRIBUTION OF CHIPS AND COINS FOR POKER
Short Summary
The provided legal document outlines the minimum procedures for the drop, count, and distribution of chips and coins for poker games in gaming establishments. It specifies that the procedures for collecting poker drop boxes and jackpot award drop boxes, as well as counting their contents, must comply with the regulations set forth in Regulations 30-902 and 30-903, and the internal control minimum procedures established by the Division of Gaming. At the end of a shift or gaming day, locked single-shift and multiple-shift drop boxes must be removed from the poker tables by the drop team members and transported to the count room or a secure area for counting. Licensees may establish an imprest bank in their poker rooms for supplying chips and tokens to player-banked poker tables. The document also outlines the procedure for purchasing chips for player-banked poker tables, which involves making an exchange for cash/chips using lammers. An imprest bank must be maintained at each poker table. Additionally, proper procedures must be in place to ensure adequate documentation of transactions between the table games pit and the cage for the distribution and removal of chips or coins from house banked poker tables. The document further refers to the internal control minimum procedures established by the Division for more detailed guidelines on the drop, count, distribution, and purchase of chips and coins for poker tables. It also requires licensees to maintain individual and statistical game records reflecting drop, adjusted gross proceeds, and adjusted gross proceeds-to-drop percentage amounts by table for all house banked poker variation games. These statistics must be maintained as defined in the internal control minimum procedures established by the Division.
Whom does it apply to?
Gaming establishments and licensees operating poker tables
What does it govern?
Minimum procedures for the drop, count, and distribution of chips and coins for poker games in gaming establishments
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Colorado