SectorWire
SearchGet the daily briefing
Menu

Nevada Gaming Control Board sets casino guidance for penny shortages

Regulation

The Nevada Gaming Control Board issued guidance to casino licensees on rounding payouts amid a penny shortage, according to the notice. Licensees may round up or down to the nearest five-cent increment but must notify patrons and cannot round only down. Any adjustment to gross gaming revenue requires supporting records; voluntary charitable donations after a payout are not deductible from that revenue.

Nevada casinos must follow the notice rules on payout rounding, customer disclosures and gross gaming revenue records.

Request a correction

Keep reading