Regulation 25 Confirmed by the Nevada Gaming Commission

Regulation 25 Confirmed by the Nevada Gaming Commission

Added:
Regulation 25 Confirmed by the Nevada Gaming Commission

The NGC has approved new rules that alter how reports on VIP player facilitates are made by casinos.

Despite minimal disagreements, the commissioners formally agreed in unanimity to confirm the restrictions under the regulation that deal with non-affiliated agents. Rather than filling out annual reports, license holders are now expected to maintain records of their representatives and supply data for board inspections. Reducing the amount of regulatory documentation is the aim of this improvement. Control Board supervisor Diane Presson said that over three hundred agents are permitted by Nevada law to transport high rollers to the state’s gambling establishments.

Globally dispersed registered agents can entice players to particular gambling establishments by providing credit arrangements. Presson said that some agencies manage many resorts simultaneously.

Non-affiliated agents

Casino Junket Club is one of the biggest gamlbing establishment marketing firms operating as an agency. More than eighty businesses are represented by it, including sixteen in LV and twenty-three in Georgia. Presson stated that in the past, gambling establishments used to provide quarterly reports on the addresses, names, and amounts that the resorts pay the affiliated agents.

The report was originally due on February 15th, but casinos found this difficult to comply with during major events. They must now maintain easily accessible records for the Control Board, and are required to keep records detailing the signing and termination of contracts by agents, along with payment information of five years.

Contracted agents don’t require the same screening as holders of license. Investigative board members have reviewed actions of affiliates, but oversight is left to the properties, as mentioned by Presson.

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