ISSUANCE, REDEMPTION AND USE OF CHIPS AND CHIP PURCHASE VOUCHERS
When chips and chip purchase vouchers may be issued or redeemed
3. Chips and chip purchase vouchers may only be issued and redeemed during the hours of operation of a casino.
Payment for chips
4. A casino operator must not issue, or cause or permit to be issued, any chips for gaming (other than complimentary chips) to any patron unless the chips are paid for to the value of the chips by one or more of the following methods of payment:
(a)
in cash;
(b)
subject to regulation 6, in chips issued by another casino operator;
(c)
in exchange for chip purchase vouchers issued by the casino operator;
(d)
by charging to the patron’s credit card, where a transaction involving a credit card is permitted under the Act or any regulations made thereunder;
(e)
by direct debit from the amount standing to the credit of the patron’s deposit account or cheque cashing account with the casino operator;
(f)
by an amount debited against the patron’s credit account with the casino operator, where the casino operator is permitted to issue chips on credit to the patron under the Act; or
(g)
by such other mode of payment as the Authority may approve.
Payment for chip purchase vouchers
5. A casino operator must not issue, or cause or permit to be issued, any chip purchase voucher to any patron unless the chip purchase voucher is paid for to the value of the chip purchase voucher by one or more of the following methods of payment:
(a)
by direct debit from the amount standing to the credit of the patron’s deposit account or cheque cashing account with the casino operator;
(b)
by an exchange of chip purchase vouchers issued by the casino operator; or
(c)
by such other mode of payment as the Authority may approve.
Limit on chips issued in exchange for chips of another casino operator
6.—(1) A casino operator must not issue, or cause or permit to be issued to any patron, chips paid for in chips of another casino operator equal to or exceeding an aggregate value of $10,000 in a single gaming day.
(2) In this regulation, “gaming day” has the same meaning as in regulation 3(6) of the Casino Control (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Regulations 2009 (G.N. No. S 507/2009).
[S 862/2024 wef 14/11/2024]
Transaction at cage
7. A casino operator who issues chips paid for in chips of another casino operator must do so only at a cage.
[S 285/2019 wef 04/04/2019]
Redemption of chips or chip purchase vouchers
8. A casino operator may redeem its chips or chip purchase vouchers from a patron, in exchange for the equivalent of any one of the following to the value of the chips or the amount shown on the chip purchase voucher, as the case may be:
(a)
cash;
(b)
a cheque issued by the casino operator payable to the patron or any other person named by the patron;
(c)
an amount transmitted by telegraphic or electronic funds transfer from the casino operator’s account to an account of the patron’s choice; or
(d)
an amount credited, in accordance with the patron’s instructions, into the patron’s or any other patron’s deposit account, cheque cashing account or credit account, with the casino operator.
Chips to be used only for playing of games or tips in casino premises
9.—(1) Chips issued by a casino operator may be used by a patron only for ––
(a)
the playing of games within the casino premises of the casino operator; or
(b)
the giving of tips or gratuities to any person employed within the casino premises for any service provided by such person in the ordinary course of his duties.
(2) Any person who uses chips for any purpose other than the purposes allowed under paragraph (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 12 months or to both.
