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Casino Currency Handling
12
Flashcards
0/12
Chip Color Coding
Use standardized color coding for chip denominations to ensure consistency and ease of recognition.
Foreign Currency Exchange
Offer currency exchange services under strict guidelines and rates that comply with current financial regulations.
Surveillance and Monitoring
Implement comprehensive surveillance systems to oversee all areas of currency exchange and handling to prevent fraud and ensure compliance with procedures.
Cash Handling
Ensure cash is counted, sorted, and verified in a secure location and procedures are followed to prevent theft or loss.
Marker Redemption
Handle redemption of credit markers with utmost care, ensuring proper documentation and validation before releasing funds.
Gaming Table Fills and Credits
Procedures must be followed when adding or removing chips from a table to maintain the integrity of the game.
Counterfeit Detection
Train staff to identify counterfeit currency and chips using detection tools and techniques.
Ticket-In Ticket-Out (TITO)
Use TITO systems for slot machines to reduce cash handling needs and improve transaction speeds.
Tip Handling
Outline clear procedures for collecting, pooling, and distributing tips to ensure fairness and transparency among staff.
Drop Box Collection
Collect drop boxes from gaming tables at scheduled intervals, with security personnel present, to ensure safety and integrity of assets.
Cashier Training
Ensure all casino cashiers receive comprehensive training on currency handling, identification of counterfeit money, and customer service.
Vault Transactions
Maintain strict access control and dual control systems when handling currency in and out of the casino vault.
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