Case - Analyzing Casino Money-Handling Processes
Case: Analyzing Casino Money-Handling Processes
Bartley D. Corbin
Webster University
Author Note
This paper was prepared as partial fulfillment of the requirements for BUSN 6110, Term Fall 1, 2010 taught by Professor Gary Sample.
Abstract
This case study is from Chapter 6 of the text on page 183. It is an analysis of the casinos money-handling processes. The process begins with retrieving the money from the slot machines and is referred to in the gaming industry as the drop process. The hard count process is the second phase of the process and is performed at a designated time known to gaming regulatory authorities. Following the hard count process, each drop bucket is emptied into the weigh scale holding hopper. At that point the information from the identification tag for the specific slot machine number is entered into the weigh scale computer where the weights of the different denomination are converted into specific dollar values. Next, at the canning station, the coin rolls are placed in metal or plastic cans that hold specific dollar amounts based on the coin denomination where they can be easily counted. These totals are recorded on the weigh/wrap verification report. When the wrap portion of the count is completed and all of the rolled coins have been canned and stacked, they are manually counted by denomination. These tallies are verified against the previous count and dually recorded on the weigh/wrap verification report. Variances that exceed plus or minus 2 percent are investigated. If no significant variance exists, then all team members of the hard count team sign the weigh/wrap verification report. The drop is then processed into cage accountability. The cage cashier performs and independent count and if everything balances, the main bank cashier signs the weigh/wrap verification report. Once the drop is accepted into cage accountability, it is at this point that the actual slot gross gaming revenue is recognized. The conclusion
Bartley D. Corbin
Webster University
Author Note
This paper was prepared as partial fulfillment of the requirements for BUSN 6110, Term Fall 1, 2010 taught by Professor Gary Sample.
Abstract
This case study is from Chapter 6 of the text on page 183. It is an analysis of the casinos money-handling processes. The process begins with retrieving the money from the slot machines and is referred to in the gaming industry as the drop process. The hard count process is the second phase of the process and is performed at a designated time known to gaming regulatory authorities. Following the hard count process, each drop bucket is emptied into the weigh scale holding hopper. At that point the information from the identification tag for the specific slot machine number is entered into the weigh scale computer where the weights of the different denomination are converted into specific dollar values. Next, at the canning station, the coin rolls are placed in metal or plastic cans that hold specific dollar amounts based on the coin denomination where they can be easily counted. These totals are recorded on the weigh/wrap verification report. When the wrap portion of the count is completed and all of the rolled coins have been canned and stacked, they are manually counted by denomination. These tallies are verified against the previous count and dually recorded on the weigh/wrap verification report. Variances that exceed plus or minus 2 percent are investigated. If no significant variance exists, then all team members of the hard count team sign the weigh/wrap verification report. The drop is then processed into cage accountability. The cage cashier performs and independent count and if everything balances, the main bank cashier signs the weigh/wrap verification report. Once the drop is accepted into cage accountability, it is at this point that the actual slot gross gaming revenue is recognized. The conclusion
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