Ask Reggi Your Question Now
Can you summarize 58 PACO Part VII, Subpart M?
Gaming Control Board > Casino Simulcasting
Short Summary
This legal document outlines the requirements for internal control systems and audit protocols for casino simulcasting operations in Pennsylvania. It applies to casino simulcasting permit holders. The document mandates that permit holders must submit their internal control systems and audit protocols to the Gaming Control Board for approval at least 90 days before the start of casino simulcasting. The internal controls and audit protocols must ensure reliable records, accounts, and reports of financial events related to casino simulcasting, accurate financial records for the pari-mutuel system of wagering, secure procedures for handling money, and proper maintenance of telecommunications equipment and video display technology. The document also establishes procedures for revenue collection, reporting, and deposit, as well as requirements for the system of pari-mutuel wagering. It emphasizes the segregation of functions and responsibilities, use of simulcasting facilities for regulatory purposes, and submission of detailed administrative and accounting procedures. Changes or amendments to the internal control systems must be submitted for review and approval. Non-compliance with the document’s provisions may result in penalties, although the specific penalties are not mentioned.
Whom does it apply to?
Casino simulcasting permit holders
What does it govern?
Requirements for internal control systems and audit protocols for casino simulcasting operations in Pennsylvania
What are exemptions?
No exemptions are mentioned
What are the Penalties?
Penalties for non-compliance are not specified
Jurisdiction
Pennsylvania