Gross revenue includes cash received as winnings, cash
received for credit extended to a patron for purposes of gaming, and
compensation received for conducting any game in which the licensee is not
party to a wager, less cash paid out as losses to patrons or amounts paid to
purchase annuities to fund losses paid to patrons over several years by
independent financial institutions.
(a). For each table game, gross revenue
equals the closing bankroll plus credit slips for cash, chips, or tokens
returned to the casino cage, plus drop, less opening bankroll and fills to the
table.
(b). For each slot machine,
gross revenue equals drop less fills to the machines, jackpot payout, and, if
the licensee retains detailed documentation supporting the deduction, the
actual cost to the licensee of any personal property (other than costs of
travel, food, lodging, services, food and beverages) provided for or
distributed to a patron as winnings. The initial hopper load is not a fill and
does not affect gross revenue.
(c).
For each counter game, gross revenue equals the money accepted by the licensee
on events or games that occur during the month or will occur in subsequent
months less money paid out during the month to patrons on winning wagers; or
the money accepted by the licensee on events or games that occur during the
month plus money, not previously included in gross revenue, that was accepted
by the licensee in previous months on events or games occurring in the month,
less money paid out during the month to patrons on winning wagers.
(d). For each card game and any other game in
which the licensee is not a party to a wager, gross revenue equals all money
received by the licensee as compensation for conducting the game.
(e). A licensee shall not include either
shill win or shill loss in gross revenue computations.
(f). A licensee shall not exclude money paid
out on wagers that are knowingly accepted by the licensee in violation of
Gaming Control Act or the regulations of the Mississippi Gaming Commission from
gross revenue.
(g). If in any month
the amount of gross revenue is less than zero, the licensee may deduct the
excess in the succeeding months, until the loss is fully offset against gross
revenue.
(h). Counterfeit money or
tokens, foreign currency received in gaming devices, and cash taken in
fraudulent acts perpetrated against a licensee for which the licensee is not
reimbursed, are not included in gross revenue.
Any of the above items which were previously excluded from
gross revenue, but were reimbursed at a later date, must be included in the
next month's gross revenue license fee return.
(i). Cash received as entry fees for contests
or tournaments in which the patrons compete for prizes are not included in
gross revenue, nor are cash or the value of noncash prizes awarded to patrons
in a contest or tournament considered losses.
(j). All revenue received from any game or
gaming device which is leased for operation on the premises of the
licensee-owner to another person other than the owner, or which is located in
an area on such premises which is leased by the licensee-owner to any such
person, must be included as part of the gross revenue of the
licensee-owner.
(k). Any prizes,
premiums, drawings, benefits or tickets which are redeemable for money,
merchandise or other promotional allowance may only be deducted as losses when
the award is a direct result of slot machine play and when the points or
credits accumulated are determined by coin out. The actual cost to the licensee
of any merchandise awarded to the patron shall be the basis of the deduction
for any non-cash items. Accrued "points" from player tracking promotions may
not be deducted but only may be deducted at such time as the said points are
redeemed by the patron. All types of promotional play at a table game must be
included in the computation of gross revenue.
(l). Any portion of the face value of any
chip, token or other representative of value won by a licensee from a patron
for which the licensee can demonstrate that it or its affiliate has not
received cash should not be included in the computation of gross gaming
revenue.
(m). Uncollected baccarat
commissions should not be included in the computation of gross gaming revenue
provided that proper documentation, as approved by the Executive Director of
the Mississippi Gaming Commission, is maintained.
(n). If a licensee provides periodic payments
to satisfy a payout resulting from a wager, the initial installment payment
when paid and the actual cost of the payment plan approved pursuant to
Regulation III. A., Section 9 and funded by the licensee may be deducted from
winnings. For any funding method which merely guarantees the licensees
performance and under which the licensee makes payments directly out of cash
flow (e.g., irrevocable letters of credit, surety bonds, or other similar
methods), the licensee may only deduct such payments when paid to the patron. A
licensee may deduct from winnings its pro rata share of a wide area progressive
linked system payout, under the provisions of its contract with the operator of
the system, and in accordance with the requirements stated herein.
(Adopted: 04/21/1994; Readopted: 04/29/1995; Amended:
09/23/1999; Amended: 09/21/2000.)