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Can you summarize 1 COCR 207-1 RULE 17?
GAMING REGULATIONS > MINIMUM PROCEDURES FOR DROP AND COUNT FOR SLOT MACHINES
Short Summary
The provided legal document content pertains to the minimum procedures for drop and count for slot machines. It applies to licensees operating slot machines. According to the document, the drop team must remove the drop bucket and/or bill validator from all slot machines at a designated time and transport them directly to the count room or other secure area for counting. If not counted immediately, the drop buckets and/or bill validators must be securely locked until the count takes place. The count of the slot drop must be performed by the count team members, with each slot drop bucket and/or bill validator being counted individually. After counting, all coins must be wrapped or bagged, with bags being sealed and tagged. Variances between the count and wrap must be calculated, and large or unusual variances must be investigated and documented. The document also mentions that the procedures for drop and count for slot machines are defined in more detail in the internal control minimum procedures established by the Division. Additionally, licensees must generate reports on the performance of slot machines and analyze them to ensure proper operation. The reports and documentation generated for investigating any problems must be retained for a period established by the Division. Changes to meter information for statistical reporting purposes can only be made if the meter reading was incorrectly captured or if there was a data entry error, with adequate supporting documentation required. Similarly, changes to actual information on statistical reports must have adequate supporting documentation. The document also prohibits hopper fills from the slot drop bucket and specifies that they must be made with moneys received from the cashier cage or slot route operator’s bankroll.
Whom does it apply to?
Licensees operating slot machines
What does it govern?
Minimum procedures for drop and count for slot machines
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Colorado