Chief Executive Officer

CEO Responsibilities

1. knowing the lawful gambling statutes and rules and following them;
2. making sure that all information in applications and other documents is true, accurate, and complete, and notifying the Gambling Control Board of any changes in application information;
3. authorizing the Gambling Control Board access to the organization’s records, gambling premises, and gambling bank accounts;
4. along with the gambling manager, developing internal controls to protect the organization’s gambling assets and maintain proper accounting;
5. presiding over organization monthly meetings where the expenditure of gambling profits and gambling issues are considered; and verifying that the gambling report is completed;
6. assuring the accuracy of the G1 Lawful Gambling Monthly Tax Return and the LG100A, LG100C, LG100F;
7. assuring that gambling funds have been spent only for authorized and approved lawful purpose contributions and allowable expenses; and
8. attending a gambling manager seminar, if the organization has not been licensed in the past 12 months.

Prevent Embezzlement or Theft

To avoid the possibility of embezzlement or theft, the CEO should actively try to get organization members involved. For example:

• take advantage of continuing education classes;
• establish an audit committee;
• establish a gambling committee;
• establish a committee to get organization members involved in providing oversight