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Can you summarize SDAR Chapter 20:18:22?
GAMING COMMISSION -- DEADWOOD GAMBLING (REVENUE) > Accounting regulations.
Short Summary
The provided legal document content outlines the accounting regulations for the Deadwood Gambling industry in South Dakota. It covers various aspects related to non-cashable promo play, deduction of prizes and premiums, remittance of taxes, financial statements for licensees, record-keeping requirements for partnership or association licensees, record-keeping requirements for corporate licensees, maintenance of accurate and complete records, record-keeping requirements for sole proprietorship licensees, definitions of terms used in the regulations, and submission of financial statements by operators and route operators. The regulations aim to ensure accurate reporting and computation of adjusted gross revenue for different gambling activities. The document provides guidelines for licensees to follow in order to comply with the accounting regulations. It does not specify any exemptions or penalties for non-compliance. Overall, the document provides a comprehensive framework for accounting practices in the Deadwood Gambling industry in South Dakota.
Whom does it apply to?
Licensees involved in blackjack, craps, roulette, slot machines, poker games, keno games, and wagering on sporting events
What does it govern?
Computation of adjusted gross revenue for various gambling activities
What are exemptions?
No specific exemptions are mentioned
What are the Penalties?
No specific penalties are mentioned
Jurisdiction
South Dakota