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Can you summarize KSAR 112-108-15?
Table Games > Inventory of chips
Short Summary
This document governs the inventory and handling of chips in a gaming facility. It specifies that chips should be taken from or returned to either the reserve chip inventory or the secondary set of chips in the presence of at least two individuals, one from the table games department and one from the security department of the facility manager. The denominations, number, and amount of chips taken or returned should be recorded in the chip inventory ledger, along with the date and signatures of the two individuals involved. The facility manager’s accounting department is responsible for monthly computing and recording the unredeemed liability for each denomination of chips, as well as taking inventories of chips in circulation, reserve chips, and secondary chips. The procedures for computing the unredeemed liability and conducting inventories should be submitted to the commission for approval. Additionally, the document outlines requirements for storing chips during non-gaming hours and procedures for the removal and destruction of damaged chips from the gaming facility inventory. A physical inventory of chips in reserve is required annually, unless the inventory procedures incorporate a commission-sealed, locked compartment that has not been tampered with. The document also mentions that during non-gaming hours, chips may be locked in a transparent compartment on gaming tables if there is adequate security as approved by the commission.
Whom does it apply to?
Facility managers, table games department, security department, accounting department
What does it govern?
Inventory and handling of chips in a gaming facility
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Kansas