Storage and Inventory of Chips and Tokens

PURPOSE: This rule establishes the process for the storage and inventory of chips and tokens and the computation of unredeemed liability. (1) In the presence of at least two (2) individuals, chips shall be taken from or returned to either the reserve chip inventory or the secondary set of chips. The denominations, number and amount of chips taken or returned shall be recorded in the chip and token inventory ledger together with the date and signatures of the individuals carrying out this process. (2) Each holder of a Class B license, on a monthly basis, shall compute and record the unredeemed liability for each denomination of chips and tokens and cause to be made an inventory of chips and tokens in circulation and cause the result of this inventory to be recorded in the chip and token inventory ledger. On a monthly basis, each holder of a Class B license shall cause an inventory of chips in reserve to be made and cause the result of this inventory to be recorded in the chip and token inventory ledger. The procedures to be utilized to compute the unredeemed liability and to inventory chips and tokens in circulation and reserve shall be submitted to the commission for approval. If the inventory procedures incorporate the sealing of the locked compartment, a physical inventory of chips in reserve shall be required within three hundred sixty-five (365) days of the seal being placed. (3) During nongaming hours, all primary chips and tokens in the possession of the excursion gambling boat shall be stored in the main bank, or in a locked compartment in a cashier’s GAMING COMMISSION cage or poker cage, or in a locked transparent compartment on gaming tables on the gaming floor. (4) All tournament chips, secondary chips, reserve chips, and non-value chips shall be stored in the main bank, a locked compartment in a cashier’s cage, or a locked compartment in another commission-approved location. (5) A physical inventory of tournament chips shall be completed following each use. If tournament chips are not used for a period of three hundred sixty-five (365) days, an inventory shall be conducted within seven (7) calendar days. AUTHORITY: sections 313.004, 313.807, and 313.817, RSMo 2016, and section 313.805, RSMo Supp. 2023.* Emergency rule filed Sept. 1, 1993, effective Sept. 20, 1993, expired Jan. 17, 1994. Emergency rule filed Jan. 5, 1994, effective Jan. 18, 1994, expired Jan. 30, 1994. Original rule filed Sept. 1, 1993, effective Jan. 31, 1994. Amended: Filed June 2, 1995, effective Dec. 30, 1995. Amended: Filed May 13, 1998, effective Oct. 30, 1998. Amended: Filed April 28, 2004, effective Dec. 30, 2004. Amended: Filed Aug. 31, 2023, effective March 30, 2024. *Original authority: 313.004, RSMo 1993, amended 1994, 2014; 313.805, RSMo 1991, amended 1992, 1993, 1994, 2000, 2008, 2010, 2021, 2022; 313.807, RSMo 1991, amended 1993, 2000, 2012; and 313.817, RSMo 1991, amended 1992, 1993, 2000, 2008, 2014, 2016.