Nevada Gaming Regulator Alters Policy on Hiring High Rollers
The Nevada Gaming Commission (NGC) recently made changes to the regulations that govern how licensed independent agents bring high-stakes gamblers into the state's casinos. On Thursday, the commissioners unanimously approved several amendments to Regulation 25, as reported by the Las Vegas Review-Journal.
The most significant change eliminates the need for casinos to present annual reports to the Nevada Gaming Control Board (NGCB). Instead, they simply have to maintain records of their agents and their activities, which the board can review during random inspections at any time during the next five years.
These records must contain the date when an agent signs each contract, the end date of the contract, and the amount of money the casino pays to the agent.
The casino owners had complained that the yearly paperwork was an onerous administrative task, especially with its February 15 deadline falling in the middle of their high roller recruitment season between the Super Bowl and Lunar New Year.
Previously, casinos in Nevada had to submit quarterly reports.
There are around 300 independent agents registered in Nevada with the responsibility of inviting high rollers to casinos. Some of these agents work for multiple casinos.
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