PART I Citation and commencement |
1. These Regulations may be cited as the Casino Control (Credit) Regulations 2010 and shall come into operation on 3rd February 2010. |
2. In these Regulations, unless the context otherwise requires —“associate” has the same meaning as in regulation 2(2) and (3) of the Casino Control (Casino Marketing Arrangements) Regulations 2013 (G.N. No. S 65/2013); [S 61/2013 wef 31/01/2013] |
“cash” has the same meaning as in regulation 2 of the Casino Control (Conduct of Gaming) Regulations 2009 (G.N. No. S 594/2009); |
“casino cheque” means a cheque issued by any casino operator or operator of a casino outside Singapore; |
“cheque-cashing facility” means a facility provided by a casino operator where chips or chip purchase vouchers are issued by the casino operator to a patron in exchange for a cheque payable to the casino operator which has not been deposited with and cleared by an authorised bank; |
“minimum balance”, in relation to a deposit account, means a credit balance in the deposit account of not less than $100,000; [S 61/2013 wef 31/01/2013] |
“permanent resident of Singapore” has the same meaning as in section 116(9) of the Act. |
|
Form of deposit by premium player |
2A.—(1) For the purposes of paragraph (a) of the definition of “premium player” in section 2(1) of the Act, the deposit shall be in one or more of the following forms:(a) | money received by a casino operator from a patron in the form of cash, a cashier’s order or a bank draft payable to the casino operator or an electronic funds transfer to the casino operator’s bank account; | (b) | chips or any traveller’s cheque received by a casino operator from a patron; | (c) | any casino cheque payable to a patron, which is accepted by a casino operator; | (d) | any personal cheque issued by a patron made payable to a casino operator, after the cheque has been deposited with and cleared by an authorised bank; | (e) | if and only if a patron is neither a citizen of Singapore nor a permanent resident of Singapore, an amount on credit granted by a casino operator or by a licensed international market agent to the patron. |
(2) In addition to paragraph (1), where a patron is neither a citizen of Singapore nor a permanent resident of Singapore, but not otherwise, the deposit may be an amount on credit granted by a casino operator under section 108(7)(a) of the Act or by a licensed international market agent to the patron under section 108(7A) of the Act. |
(3) For the avoidance of doubt, a patron who is neither a citizen of Singapore nor a permanent resident of Singapore may make a deposit in a combination of forms in paragraphs (1) and (2). [S 61/2013 wef 31/01/2013] |
|
Period of credit balance to remain premium player |
2B. For the purposes of paragraph (b) of the definition of “premium player” in section 2(1) of the Act, the period during which the credit balance in a deposit account is below $100,000 must not exceed a continuous period of 12 months. [S 61/2013 wef 31/01/2013] |
When patron qualifies as premium player |
3. A patron of a casino qualifies as a premium player of the casino when he opens a deposit account with the casino operator of that casino and provides the casino operator with a deposit in accordance with regulation 2A which satisfies the minimum balance. [S 61/2013 wef 31/01/2013] |
When patron remains or ceases to be premium player |
4.—(1) After a patron of a casino first qualifies as a premium player of the casino in accordance with regulation 3, the patron remains as a premium player of the casino for an initial period of 12 months thereafter, unless otherwise expressly provided in this regulation.(2) In any case where after a patron of a casino qualifies as a premium player of the casino in accordance with regulation 3 —(a) | the credit balance in the deposit account opened by the patron with the casino operator of that casino falls below $100,000; | (b) | the period during which the credit balance in the deposit account is below $100,000 does not exceed the period specified in regulation 2B; and | (c) | one or more additional deposits in accordance with regulation 2A are made by or on behalf of the patron into the patron’s deposit account, |
the patron shall remain a premium player of that casino for a period of 12 months starting from the date the credit balance in the deposit account reaches $100,000 or more. |
|
(3) Where —(a) | a patron of a casino who is neither a citizen of Singapore nor a permanent resident of Singapore is a premium player of the casino; and | (b) | the patron subsequently becomes a citizen of Singapore or a permanent resident of Singapore, |
the patron shall cease to be a premium player of the casino upon his becoming a citizen of Singapore or a permanent resident of Singapore, unless, upon becoming such a citizen or permanent resident, he provides the casino operator with a new deposit in one or more of the forms in regulation 2A(1)(a) to (d) which satisfies the minimum balance, and he shall remain a premium player of the casino for a period of 12 months starting from the date he so provides the casino operator of that casino with the new deposit. |
|
(4) Where the credit balance in the deposit account of a patron of a casino who is a premium player of the casino is $100,000 or more on —(a) | the next anniversary of the date he first qualifies to be a premium player referred to in paragraph (1) if applicable to the patron; | (b) | the next anniversary of the date referred to in paragraph (2) or (3) if applicable to the patron; or | (c) | the date immediately after the end of the further period referred to in this paragraph if applicable to the patron, |
that patron shall remain a premium player of the casino for a further period of 12 months starting on that date, and so on. |
|
(5) A patron ceases to qualify as a premium player if he does not retain his qualification as a premium player in accordance with paragraph (1), (2), (3) or (4), or upon the closure of the patron’s deposit account with the casino operator, whichever is earlier. |
(6) Nothing in this regulation prevents a patron who is a premium player of a casino from applying to close his deposit account with the casino, and that patron shall cease to be a premium player of that casino immediately upon the closing of such deposit account.Patron A makes a deposit of $100,000 into his deposit account with a casino operator on 2nd January 2012. Patron A qualifies as a premium player with the casino operator on 2nd January 2012. Patron A draws down $100,000 from his deposit account on 4th January 2012 to play at the casino. On 4th January 2012, the deposit balance is recorded as $0. Patron A continues to retain his qualification as a premium player, which will cease on 1st January 2013 or upon the closure of Patron A’s account with the casino operator, whichever is the earlier. |
|
Patron B makes a deposit of $100,000 into his deposit account with a casino operator on 2nd January 2012. Patron B qualifies as a premium player with the casino operator on 2nd January 2012. Patron B draws down $20,000 from his deposit account on 4th January 2012 to play at the casino. Patron B further deposits $30,000 into his deposit account with the casino operator on 6th January 2012, bringing his deposit balance to $110,000. Patron B re-qualifies as a premium player on 6th January 2012. Patron B’s qualification as a premium player status will cease on 5th January 2013 or upon the closure of Patron B’s deposit account with the casino operator, whichever is the earlier. |
|
Patron B does not carry out further transactions in respect of his deposit account after 6th January 2012. The balance in his deposit account remains at $110,000 on 5th January 2013. He does not close his deposit account with the casino operator on 6th January 2013 and still has $110,000 in his deposit account on 6th January 2013. Patron B re-qualifies as a premium player on 6th January 2013 without having to furnish another $100,000, as he already has not less than $100,000 in his deposit account on 6th January 2013. Note: Patron B in Illustration 2B is the same Patron B in Illustration 2A. |
[S 61/2013 wef 31/01/2013] |
|
|
|