Conduct of Paddlewheel With Table - Part 4

Closing a Paddlewheel Game to Players

When closing the game, the paddlewheel operator must:

tell players that chips must be redeemed through the paddlewheel chip and cash bank cashier;
collect all identification cards from the players;
cover the wheel or make the wheel inoperable; and
remove and secure the drop box, but the paddlewheel operator may not open the drop box.

Keys to drop box—During the activity for a paddlewheel table, the key to at least one lock securing the drop box contents must be maintained and controlled by an employee or a volunteer of the organization who is not the paddlewheel operator or the chip and cash bank cashier. The organization is responsible for the safeguarding and secure storage of the paddleticket cards and chips.

LG751 Daily Sales Report

Throughout the game’s activity, each paddlewheel operator must maintain a separate LG751 Paddlewheel with Table—Daily Sales Report.

The figures from the LG751 are transferred to:

the LG750 Paddlewheel with Table Daily Report (summary section); and
the LG752 Paddlewheel with Table—Operator’s Percent of Hold by another person other than the paddlewheel operator.

Deposit Cash

Deposit and record cash in hand, or secure the cash until it can be deposited. Deposit the gambling receipts into the gambling account within four business days of the occasion.

Do not wait until the entire grouping of paddletickets has been sold to deposit the cash.

On the deposit slip, list the following information:

premises permit number
date of the deposit
paddleticket card numbers sold during that day’s activity
actual amount of cash deposited from each day’s paddlewheel activity.

If merchandise prizes are awarded, the deposit amount should equal the gross receipts (total amount wagered).

If cash prizes are awarded, the deposit amount should equal the net receipts (amount wagered minus the cash amount paid out in prizes).

Closing the Session

For “Closing the Game—Required Procedures” refer to the LG750 Paddlewheel with Table—Daily Report instructions.

All Games in Play Closed at Month End

At the end of the month all partially played groupings of paddleticket cards must be closed. Report played paddleticket groupings with any unsold paddletickets on the Schedule B2. A sealed group of tickets is considered one game and one entry on the Schedule B2.

Who May Audit Game

The final audit of the game must be done by someone other than the paddlewheel operator, cashier, or the person who prepared the deposit.

Preventing Employee Theft

Monitoring paddlewheel with a table activity and the profit percentage is a valuable tool in detecting—and preventing—possible employee theft.

Payout percentages—When an organization purchases paddletickets, distributors provide a payout percentage sheet. The payout percentage sheet will help an organization determine whether or not it is losing money on paddlewheel games conducted with a table.

Use the LG752—To monitor each operator’s percent of hold, use the LG752 Paddlewheel with Table—Operator’s Percent of Hold.

Use one sheet for each operator per site.
The sheet may not be completed by the paddlewheel table operator.
To determine the operator’s percent of hold, divide the net receipts by gross receipts for each activity date and record it on that operator’s LG752.
It is suggested to use the LG752 as a tool to help determine which occasion to review for the week.

Review payout percentages—The percentages will give an indication if there’s a problem. If the percentages are higher than the figure provided with the game, the seller might:

not be tearing up a losing ticket, marking it as a winner, and redeeming the chip with the tips;
be spinning the wheel until a winner is determined by the spin. Only one spin of at least four revolutions per play is allowed;
be paying a player for a non-winning ticket; and
be incorrectly recording the prize payout.

Report suspected theft—If employee theft is suspected in the paddlewheel table operation, immediately contact your Compliance Specialist at the Gambling Control Board.