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Can you summarize LAAC Title 42, Part III, Chapter 27, Section 2721?
Accounting Regulations > Internal Controls; Tips or Gratuities
Short Summary
This document outlines the internal controls and procedures for handling tips or gratuities in the gaming industry. According to the regulations, all gaming employees, except for slot gaming employees, change persons, cashiers, and bar tenders, are required to convert cash tips or gratuities from patrons into value chips. Security personnel are allowed to accept cash tips or gratuities outside the designated gaming areas. Key gaming employees and supervisory gaming employees are prohibited from accepting tips or gratuities on their own behalf, but they may handle, transport, and temporarily possess tips on behalf of eligible employees as per the licensee’s internal controls. Soliciting tips or gratuities is strictly prohibited for all employees. The document also provides specific procedures for handling tips and gratuities given to dealers at table games, including the option of pooling tips for pro rata distribution among dealers or handling tips separately for individual dealers. The distribution of tips to dealers shall be made in accordance with payroll accounting practices and subject to applicable state and federal withholding taxes. Tips received by employees not covered in the specific procedures shall be deposited into the licensee’s or casino operator’s payroll account and distributed according to the internal controls.
Whom does it apply to?
Gaming employees, including slot gaming employees, change persons, cashiers, bar tenders, and security personnel
What does it govern?
Internal controls and procedures for handling tips or gratuities in the gaming industry
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Louisiana