Atlantic City gaming regulators clarify regulationv
By Paul
Politicians, gaming executives and regulators last week amended a sweeping casino deregulation bill by removing language that would have let casinos act first and receive permission second on matters involving money – handling, accounting and gaming security.

The amended language is part of a casino deregulation bill introduced by state Senator William Gormley (Republican), in concert with gaming regulators and casino executives.

The original wording of the amendment would have allowed casinos to change any of their “internal controls” immediately after filing paperwork with the Casino Control Commission. The commission would then have had 30 days to approve or reject the casino's procedures.

”This is the one that gave us pause. Our immediate thought was that we would not have the right to know what they were doing before they were doing it, and that could have implications on the gross revenue and everything else down the line,” said James Hurley, casino commission chairman.

Internal controls covers such day-to-day procedures as collecting money from gaming tables, transferring money to and from slot machines, storing dice and cards and counting revenue.

Under the Gormley bill, anyone under age 21 caught gambling or drinking would face a fine of $500 to $1,000 and a six-month suspension of his or her driver's license. An adult who knowingly allows a minor in his or her care to gamble or drink would be subject to a disorderly persons offense.

Currently, minors caught gambling are rarely punished while the host casino pays a big fine. Loretta Pickus, Trump Taj Mahal vice president of legal affairs and a critic of the current rules, said some minors have flaunted the situation.

Gamblers would be able to cash personal checks for up to $5,000 instead of $1,500, for gambling or nongambling purposes.

Other changes would clarify that 24-hour gambling is the norm and that casinos can advertise odds.

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