Ask Reggi Your Question Now
Can you summarize Nevada GCCB Regulation 26C?
Regulations of the Nevada Gaming Commission and Control Board > Regulation 26C
Short Summary
Regulation 26C of the Regulations of the Nevada Gaming Commission and Control Board governs Off-Track Pari-Mutuel Horse Race Account Wagering in Nevada. It applies to operators of call center systems, licensed Nevada pari-mutuel race books, affiliated licensed gaming establishments, Group I and Group II licensees. The regulation establishes suitability requirements for operating a call center, including the need for a nonrestricted gaming license and compliance with chapters 463 and 464 of the Nevada Revised Statutes or Regulation 22. It also outlines registration requirements for race book managers, supervisors, and operators of call centers, with exemptions for licensed key employees or key employees in applicant status. Employees involved in receiving and transmitting wagering instructions are subject to gaming employee provisions. The regulation sets minimum reserve requirements for books and satellite books engaged in off-track pari-mutuel horse race account wagering. It mandates the creation of electronic records for accepted wagers and allows the Chair to require compliance with identification, recordkeeping, and reporting requirements for inter-state pari-mutuel horse race account wagers. The regulation addresses the establishment of patron wagering accounts, internal control systems, and written house rules and procedures for wagering communications. It permits the use of communications technology and the Internet for establishing wagering accounts and transacting deposits and withdrawals. The regulation prohibits certain actions by books, such as accepting less than the full face value of a wager or increasing the payoff of a winning wager. It also requires the installation and maintenance of an off-track pari-mutuel race system meeting approved specifications. The regulation provides the Chair with authority to require the presence of an agent on book premises and the examination of records. Books must comply with recordkeeping and reporting requirements and preserve records for at least 5 years. No specific penalties are mentioned in the regulation.
Whom does it apply to?
Operators of call center systems, licensed Nevada pari-mutuel race books, affiliated licensed gaming establishments, Group I and Group II licensees
What does it govern?
Off-Track Pari-Mutuel Horse Race Account Wagering in Nevada
What are exemptions?
Licensed key employees or key employees in applicant status are exempt from certain registration requirements
What are the Penalties?
No specific penalties are mentioned
Jurisdiction
Nevada