Effective Date of Rule: Thirty-one days after filing.
Purpose: The Recreational Gaming Association is requesting that:
|•||Cash in the cage, in addition to the safe and vault, be counted towards the minimum cash on hand requirement for house-banked card rooms. Currently, these funds must be in the cage; and|
|•||Licensees meet this requirement within three hours of opening. Currently, they must meet the cash on hand requirement when they open. This change will accommodate at least one licensee.|
Citation of Existing Rules Affected by this Order: Amending WAC 230-15-050.
Statutory Authority for Adoption: RCW 9.46.070.
Adopted under notice filed as WSR 08-23-081 on November 18, 2008, and published December 3, 2008.
Number of Sections Adopted in Order to Comply with Federal Statute: New 0, Amended 0, Repealed 0; Federal Rules or Standards: New 0, Amended 0, Repealed 0; or Recently Enacted State Statutes: New 0, Amended 0, Repealed 0.
Number of Sections Adopted at Request of a Nongovernmental Entity: New 0, Amended 1, Repealed 0.
Number of Sections Adopted on the Agency's Own Initiative: New 0, Amended 0, Repealed 0.
Number of Sections Adopted in Order to Clarify, Streamline, or Reform Agency Procedures: New 0, Amended 0, Repealed 0.
Number of Sections Adopted Using Negotiated Rule Making: New 0, Amended 0, Repealed 0; Pilot Rule Making: New 0, Amended 0, Repealed 0; or Other Alternative Rule Making: New 0, Amended 1, Repealed 0.
Date Adopted: January 9, 2009.
AMENDATORY SECTION(Amending Order 620, filed 11/20/07, effective 1/1/08)
WAC 230-15-050 Minimum cash on hand requirements. (1) Card game licensees must have sufficient cash on hand to redeem all chips issued for play and pay out all prizes.
Before)) Within three hours of opening for the
business day, at a time included in the internal controls,
house-banked card game licensees must have at least the
following minimum amount of cash on premises in their cage,
safe, and vault combined:
(a) One thousand dollars for each house-banked table on the gambling floor; plus
(b) The amount of the largest single prize available ((
not more than twenty thousand dollars)) excluding jackpot
prizes when WAC rules require a deposit into a separate bank
account (for example, player-supported jackpots and
For example: If a house-banked card room has fifteen
house-banked tables and a largest single prize of twenty-three
thousand dollars, before opening, the cage must have at least
thirty-five)) thirty-eight thousand dollars on hand: 15
tables x $1,000 = $15,000 + largest single prize (( or
$20,000 = $35,000))) of $23,000 = $38,000.
(3) Except for the restrictions on player-supported jackpot pay outs in WAC 230-15-405 and progressive jackpot pay outs in WAC 230-15-690, licensees may pay prizes by check if sufficient funds are available on deposit.
(4) Failure to keep funds to cash in chips, pay prizes, or redeem gambling related checks is prima facie evidence of fraud. Meeting the minimum cage cash amount does not relieve the licensee from the requirement to have sufficient funds available to redeem all chips and pay out all prizes.
[Statutory Authority: RCW 9.46.070. 07-23-081 (Order 620), § 230-15-050, filed 11/20/07, effective 1/1/08; 07-09-033 (Order 608), § 230-15-050, filed 4/10/07, effective 1/1/08.]