The procedures for the use, redemption and destruction of chips and tokens are further defined in the Internal Control Minimum Procedures established by the Division. Amended 12/15/13

This document, part of the Code of Colorado Regulations, specifically the Department of Revenue’s Division of Gaming - Rules promulgated by Gaming Commission, governs the purchase and redemption of coins, chips, and tokens in the gaming industry. It applies to licensees in the industry. The document outlines the conditions under which a licensee may redeem chips or tokens, including redemption by another licensee, an employee of the licensee, or a person engaged in the business of exchanging licensees’ chips and tokens.

The document outlines the regulations governing the gaming tax and device fee rates in Colorado. It applies to retail licensees conducting or offering limited gaming in the state. The tax rates are determined based on the adjusted gross proceeds from limited gaming, with different rates applicable to different revenue brackets. Retail licensees are liable for paying the gaming tax to the Department of Revenue. The document specifies the payment methods, deadlines, and formats for tax returns.

Each licensee must provide the Division, upon its request, with the records required to be maintained. Licensees must maintain accurate and complete records as required in the Internal Control Minimum Procedures. Each licensee is responsible for the acts and omissions of its agents, employees, and contractors in complying with all obligations imposed by law, these rules, and Internal Control Minimum Procedures. Each licensee must retain all such records for at least three years after they are made and the related gaming tax return is filed.

This document establishes the internal control procedures for licensed gaming operations in Colorado. The Division of Gaming is responsible for establishing minimum procedures for each group of licensees to ensure the security, accuracy, integrity, and propriety of licensed gaming. Licensees are required to establish their own internal control procedures that incorporate the minimum requirements set by the Division. These procedures must safeguard assets, record liabilities accurately, maintain reliable financial records, ensure transactions comply with accounting principles and regulations, and segregate functions and responsibilities.

This regulation, part of the Code of Colorado Regulations, applies to licensees who engage in promotions to increase business and gaming at their establishments. The regulation states that licensees may not deduct payouts made pursuant to the promotion from adjusted gross proceeds, except for money or tokens paid at face value directly to a patron as the result of a specific wager. Prior approval from the Division is required before offering and paying additional funds as a result of a specific wager.

This legal document governs the use of match play coupons and table game coupons in the gaming industry. Match play coupons can be used at table games, but not for slot machines. When used at a table game, the value of the coupon must be included in the total drop amount for that table and shift. The combination of match play coupons and the patron’s wager cannot exceed the posted table limits.

This legal document, part of the Code of Colorado Regulations, specifically the Department of Revenue’s Division of Gaming - Rules promulgated by Gaming Commission, pertains to the procedure for reporting and paying gaming taxes and fees. It states that taxes and fees required by Article 30, Title 44. C.R.S., and the rules and regulations thereunder, must be received by the Division on or before the specified due date. However, if the licensee can demonstrate that the taxes and fees were deposited in a United States post office or mailbox with first class postage prepaid and properly addressed to the Division within the allowed time, they will be considered timely filed.

(1) A licensee may file a tax protest to dispute the payment or collection of gaming taxes. A licensee filing a tax protest must serve a copy of the protest on the Executive Director of the Department of Revenue and send a copy to the Division. Articles 20, 21 and 26 of Title 39 of the Colorado Revised Statutes outlines the process for filing a protest.

The provided legal document content pertains to the minimum procedures for drop and count for slot machines. It applies to licensees operating slot machines. According to the document, the drop team must remove the drop bucket and/or bill validator from all slot machines at a designated time and transport them directly to the count room or other secure area for counting. If not counted immediately, the drop buckets and/or bill validators must be securely locked until the count takes place.