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Can you summarize 58 PACO VII(L)(811a)?
Interactive Gaming > Interactive Gaming Accounting and Internal Controls
Short Summary
These legal documents cover various aspects of interactive gaming, including the generation of reports and reconciliation requirements, establishment and implementation of internal controls, segregation of bank accounts and reserve requirements, logging requirements for interactive gaming systems, and display of information on web pages accessed by authorized players. The documents apply to interactive gaming certificate holders, interactive gaming operators, and interactive gaming networks. The generation of reports and reconciliation requirements document specifies the minimum information that must be included in the generated reports and mandates the daily reports that must be generated. It also addresses the calculation of interactive gross gaming revenue, variance reporting, dormant account reporting, voids of completed wagering transactions, performance reporting, player account adjustments reporting, identification of potential compulsive and problem gamblers, pending transaction account reporting, and the development of internal controls for reconciliation. The internal controls document mandates the inclusion of organization charts, descriptions of duties and responsibilities, and the establishment of an information technology department supervised by licensed key employees. It also outlines the responsibilities of the information technology security officer and the interactive gaming manager. The segregation of bank accounts and reserve requirements document mandates the maintenance of a separate bank account for player’s funds and requires the chief financial officer to file a quarterly attestation. The establishment and implementation of internal controls document requires the submission of internal controls to the Gaming Control Board for approval and covers system security, operations, accounting, and reporting of compulsive and problem gamblers. The logging requirements document mandates the maintenance of various logs and specifies the retention period for certain information. The display of information on web pages document mandates the prominent display of specific information on web pages accessed by authorized players. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Interactive gaming certificate holders, interactive gaming operators, interactive gaming networks
What does it govern?
Generation of reports and reconciliation requirements for interactive gaming systems, establishment and implementation of internal controls, segregation of bank accounts and reserve requirements, logging requirements for interactive gaming systems, display of information on web pages accessed by authorized players
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
Pennsylvania