New regulation amendments that significantly change the existing way that reports on registered independent agents that deliver high-rollers to Nevada resorts, were created by the casino, have been officially validated by the Nevada Gaming Commission.
Unanimous vote:
Although there was little debate, the commissioners officially voted in full agreement to validate changes to Regulation 25 on independent agents. In addition, instead of filing yearly reports to the Gaming Control Board, license holders will have the obligation to have information obtainable to board officials throughout inspections and to maintain records of their respective agents.
This step marks part of an effort by Nevada government agencies to decrease regulatory paperwork for operations. In this regard, the 23-year Control Board supervisor who supervises the board’s monitoring of independent agents, Diane Presson, commented that just more than 300 agents are officially registered with the said state to bring big-spending gamblers to spend money in casinos in Nevada.
The aforementioned registered agents are located in each part of the world, and several of them have the power to provide credit terms to big-spending gamblers to persuade them to play at a specific establishment. Some of them are employed at many resorts at the same time, according to Presson.
Registered independent agents:
One of the biggest casino marketing firms operating as the aforementioned agent is the Casino Junket Club, which is based in Atlanta. In addition, it is a representative of over 80 firms, of which 23 are located in the mentioned state, of which 16 in Las Vegas.
On one occasion, Presson commented that casino firms were obligated to submit a report per quarter regarding their aforementioned contracted agents. In those reports the location and name of the said agents were requested, as well as the amount with which the resorts reimbursed them.
Ultimately, that was modified into a yearly report due each February 15, but the resorts commented that the administrative request came at a busy period when the main focus of the firms was to deliver big-spending players for the Lunar New Year and the Super Bowl. However, from now on, firms will have to maintain records that the Control Board may access on request.
License holders have to record when these agents sign a contract, when their contracts officially end and how much they pay them. Also, those files have to be maintained for a duration of 5 years for every agent.
Registered agents do not need to be screened in eligibility inquiries, unlike license holders. Additionally, there’ve been several occasions where board investigators have had to analyze actions taken by registered agents. On that note, Presson commented according to the Las Vegas Review-Journal: “While we do feel like it’s an area that we still want to have oversight of, we just decided that was something that we could leave at the property level.”
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