Reviewer 2024 PDF
Document Details
Uploaded by NourishingWeasel3063
Tags
Summary
This document is a reviewer of casino terms, including gaming definitions, and other casino-related terms. It is likely a study document for an exam, but is not a past paper.
Full Transcript
1. Means a 24-hour period which constitutes a normal business day of a casino, being the same period by which the casino keeps its books and records for business, accounting and tax purposes. GAMING DAY 2. Means a secure location in a licensed gaming establishment used primarily...
1. Means a 24-hour period which constitutes a normal business day of a casino, being the same period by which the casino keeps its books and records for business, accounting and tax purposes. GAMING DAY 2. Means a secure location in a licensed gaming establishment used primarily for casino surveillance. SURVEILLANCE ROOM 3. Means an area within any casino premises at which cash and chips are deposited, and financial transactions and the paperwork necessary to support the playing of games in the casino are carried out. CAGE 4. Means a non-metal or partly metal representative of value issued by a licensee for use at table games or counter games at the licensee‘s gaming establishment. CHIP 5. It is the beginning inventory of a table capital at the beginning of the trading day. TABLE OPENER 6. Means a form distributed that is redeemable for items of value used to wager on an approved table game. COUPON 7. No later than ____________ of each year, the Licensee shall submit to GLDD, a calendar of its marketing and/or casino promotions for the coming year. DECEMBER 1 8. A term referring to how much of a player’s money the casino keeps. a. Hold Percentage b. Income Percentage c. Payout Percentage d. Casino Percentage 9. means the main site where the core bingo activity-but not limited to the conduct of ball drawing-is being held that is simultaneously transmitted to the other linked sites within the cluster. HOST SITE 10. Includes facility commonly known as a cage, a count room and such other facility ancillary to the conduct of games as PAGCOR may specify. BACK-OF-HOUSE FACILITY 11. Show the cumulative amounts paid by an attendant that are in excess of the EGM credits limit and residual credits that are collected. CANCELLED CREDITS 12. Shows the amount of money wagered using membership card or ticket or voucher. ELECTRONIC IN / TICKET IN / VOUCHER IN 13. Means the top or chief prize in a game. It may be a fixed amount or a progressive jackpot. JACKPOT PRIZE 14. Means the license fees payable to PAGCOR pursuant to the Provisional License or Authority to Operate. LICENSE FEES 15. What is the appropriate action if the RTP exceeds the set parameters during stress test? INFORM THE ON-DUTY CMEO… 16. Means a system of video cameras, monitors, recorders, video printers, switches, selectors and other ancillary equipment used for casino surveillance. SURVEILLANCE SYSTEM 17. Means surveillance monitors, recorders, remote selectors and other ancillary equipment located in an area other than the surveillance room and used for casino surveillance. SATELLITE SURVEILLANCE EQUIPMENT 18. Dimension of playing cards for Table Games. 3.5 INCHES (HEIGHT) BY 2.5 INCHES (WIDTH) 19. Means the amount of money paid to gain entrance into the casino. ENTRY LEVY 20. What GLDD form is used for modification of parameter settings? FORM 10 21. Any person who is involved in a cash transaction with a Licensee within its casino premises, whether or not that person participates in gaming in the casino. PATRON 22. Means the sum of money available for the start of the next progressive jackpot which accumulates by an amount equivalent to a percentage of the bet made by the players. RESERVE AMOUNT 23. Shows the amounts won by the player at the end of the game that were paid into the membership card, or by a ticket printer or by a voucher. ELECTRONIC OUT / TICKET OUT / VOUCHER OUT 24. Means the taking of bets and wagers on any and all local and international sporting activities. SPORTS BETTING 25. Means any disc, magnetic tape or solid state recording device containing information by the use of which one or more series of visual images may be produced electronically and shown as a moving picture. VIDEO RECORDING 26. Means the total amount of the wagers or bets placed by the Bettors in a given period. GROSS BETS 27. Refer to the amount of money that the Licensee deducts from the jackpot rake collected from eligible poker game pots to fund a progressive jackpot promotion. JACKPOT ADMINISTRATIVE FEES 1. The surveillance room shall be attended at all times by personnel trained in the use of the equipment, knowledge of the games and house rules. TRUE 2. The evaluation of gaming equipment serves to ensure that the operation of a casino is and remains free from criminal influence or exploitation and that gaming in a casino is conducted honestly. TRUE 3. Playing cards shall be unique to a specific casino site. TRUE 4. A linked jackpot arrangement which is operated and administered by any person other than a Licensee is prohibited. TRUE 5. The numbers, figures and all artworks in the front and back of a playing card shall be printed in landscape mode. FALSE (PORTRAIT MODE) 6. A Licensee shall not use any playing card in its casino premises, unless the playing card has been approved by PAGCOR even verbally. FALSE (APPROVED IN WRITING) 7. The surveillance system shall possess the capability to monitor and record a specific area only of the activities occurring in the slot machine area. FALSE (GENERAL OVERVIEW) 8. An Electronic Gaming Machine (EGM) Tournament is an organized event whereby players have the opportunity to engage in competitive play against other players using slot machines or electronic table games. TRUE 9. The minimum RTP may be set at lower than 90% if a slot machine is equipped with a feature that could trigger a maximum RTP of 95% or higher. TRUE 10. The surveillance system of the Licensee shall be established and thereafter, maintained, so that a failure of any part or component will not result in the cessation of more than 70% of the surveillance coverage of the gaming area. FALSE (50%) 11. PAGCOR shall determine the casino management system to be used in the Casino for purposes of accounting, monitoring, control and reporting of transactions of cage, chip bank, table games and electronic gaming machines/slot machines. FALSE (LICENSEE) 12. A Licensee may operate during the Lenten Break to cater exclusively to foreign players and registered VIP guests. TRUE 13. The quantity of gaming tables and electronic gaming machines to be installed in the gaming areas can exceed the Gaming Table Mix Ratio and Electronic Gaming Machines Ratio. FALSE (shall not exceed) 14. All gaming machines and equipment shall be designed and manufactured to allow operations of a casino to be conducted in a manner that is honest, secure, auditable and reliable. TRUE 15. The Licensee shall retain and maintain or cause such books and records to be retained, maintained or stored for at least five (5) years or such longer period as may be required by law. FALSE (SIX YEARS) 16. The Card Shuffling Center may be located within the gaming area in full public view in order for card shuffling procedures to be witnessed by casino personnel and patrons or located at the back of house at the option of the Licensee. TRUE 17. PAGCOR shall not confirm any surveillance plan for any casino premises unless it is of the opinion that the surveillance plan adequately demonstrates that the casino surveillance system satisfies or will satisfy all the performance requirements applicable to it. TRUE 18. A Non-Junket Player can play only in Non-High Roller tables and in Junket tables. FALSE (HR TABLES) 19. The Licensee shall designate an area within the Casino for Junket Operations. TRUE 20. The Licensee shall give the PMT access to premises such as the CCTV monitoring room, training facilities and other such areas as may be required by PAGCOR from time to time. TRUE 21. A Licensee may conduct promotional baccarat tournaments in order to promote the casino. TRUE 22. PAGCOR may give to a Licensee a written direction that relates to the conduct, supervision or control of operations in the casino and the Licensee shall comply with the direction as soon as it takes effect. TRUE 23. The PMT shall “not directly interfere” with the casino Licensee’s operations. TRUE? 24. In the event that the Licensee re-schedules a specific tournament date, the Licensee shall notify the PMT in writing at least three (3) business days prior to the original tournament schedule which shall include the reason(s) and/or circumstances surrounding the re- scheduling. FALSE (ONE BUSINESS DAY) 25. The Licensee shall seek PAGCOR‘s approval on the game rules, mechanics, odds and payouts prior to implementation. TRUE 26. All the gaming areas within the casino premises in aggregate shall not exceed eight and a half percent (8.5%) of total auditable gross floor area of the hotel-casino resort complex. FALSE (7.5%) 27. Each electronic gaming machine used in the tournament must be equipped with a program, which allows for tournament mode play unless online machines are used for tournament purposes. FALSE (OFFLINE) 28. The Licensee shall post pertinent game rule, house rules, jackpot rules, tournament mechanics and other pertinent information as may be required by PAGCOR. TRUE 29. Philippine Peso is not the only authorized currency in Non-High Roller Tables. FALSE (IS ONLY) 30. Table limits shall be displayed in each gaming table. TRUE 1. Means the total of all sums, including cheques and other negotiable instruments, whether collected or not, that is received in any month from the conduct of gaming, less the total of all sums paid out as winnings to casino players during that month in respect of gaming. GROSS GAMING REVENUE 2. It is a control log used to record the movements (receipts, issuances and returns /conversion and balances on stock) of each type of bingo card in the inventory. BIN CARD 3. A dealer-operated electronic system that utilize random number generators to determine game outcomes. AUXILIARY TABLE GAME SYSTEM 4. The sum of money available for the start of the next progressive jackpot which accumulates by an amount equivalent to a percentage of the bet made by the players. RESERVE AMOUNT 5. A transaction involving the receipt of cash paid by or on behalf of a patron to a Licensee CASH IN 6. It is the difference between the amount of the Progressive Jackpot and its Seed Amount. JACKPOT INCREMENT 7. Refers to a supplemental prize made available to players of linked tables or EGMs which amount is equivalent to the Seed Amount plus the Jackpot Increment. PROGRESSIVE JACKPOT 8. A non-metal or partly metal representative of value issued by a licensee for use at table games or counter games at the licensee‘s gaming establishment. CHIPS 9. An electronic product that has the capability to rearrange the playing cards to completely eradicate any prior pattern(s) introduced to the playing cards. AUTOMATED SHUFFLER 10. An area within any casino premises at which cash and chips are deposited, and financial transactions and the paperwork necessary to support the playing of games in the casino are carried out. CAGE 11. Means refill and transfer of gaming chips from the Cage to a particular gaming table as an addition to table inventory. FILL 12. This system is primarily tasked with accurately calculating and reporting the win associated with table games and identifying potential losses and shortages. TABLE GAME ACCOUNTING, MONITORING AND CONTROL SYSTEM 13. A surveillance system for casino premises comprising all the installations, devices and equipment (whether electronic or otherwise), including video cameras, audio sensors, monitors, recorders, video printers, switches, selectors and other ancillary or related equipment, with the capability to observe, monitor and record activities within and in the immediate vicinity of those casino premises. CASINO SURVEILLANCE SYSTEM 14. Licensee-dependent but is generally from 6:00 a.m. of the current day until 6:00 a.m. of the following day. TRADING DAY 15. A metal representative of value issued by a licensee for use in slot machines or for use in slot machines and at table games or counter games at the licensee‘s gaming establishment. TOKEN 16. An electronic gaming machine that does not simulate live table games which, upon insertion of a coin, currency, token or similar object therein, or upon payment of any consideration whatsoever, is available to play or operate and payout is made automatically from the machine. SLOT MACHINE 17. Foreign-passport holding players who were specially brought into the Philippines by the Licensee or its third-party chipwashing or junket operator to play in junket rooms/areas in the Casino. JUNKET PLAYERS 18. Means one or more gaming tables linked to a common progressive jackpot which gaming table/s is/are capable of accepting wagers and allowing players to play for common progressive prize. TABLE GAME PROGRESSIVE WAGERING SYSTEM 19. The guaranteed starting amount of a progressive jackpot which is usually funded exclusively by the Licensee. SEED AMOUNT 20. A device used to mix the seventy five (75) bingo balls contained in the ball chamber either by air pressure or mechanical means giving each ball an equal opportunity to be drawn. BALL BLOWER 21. Any casino related record other than marketing data. CONTROLLED DATA 22. A contract or other arrangement that relates to the conduct of a junket. JUNKET AGREEMENT 23. Pertains to the amount refunded to a player which is equivalent to a percentage of net turnover. CASH REBATE 24. A form distributed that is redeemable for items of value used to wager on an approved table game. COUPON 25. For poker room tables, the PMT shall ensure correctness of the following amounts declared in the Licensee‘s revenue reports: 1. Daily rake from cash games; 2. Tournament entry fees; and 3. Jackpot administrative fees. 26. The build quality of playing cards should be good enough to withstand at least SIX (6) 27. The capability to observe and record activities being conducted in a licensed gaming establishment. CASINO SURVEILLANCE 28. Refers to the process of delivering video footages of live table games being held at a land- based casino to Internet Protocol addresses registered with the Licensee. VIDEO STREAMING 29. Shows the cumulative amounts paid by an attendant for progressive and non-progressive handpays. JACKPOT 30. Means the building structure and physical premises where the casino operations will be located, together with all ancillary facilities located within the structure. CASINO STRUCTURE 31. Contains the meter readings of the turnover and non-progressive approved payouts (―AP‖) and progressive jackpot payouts (―JP‖) which are extracted directly from the electronic gaming machines. TURNOVER-BASED INCOME REPORT 32. rules which have been approved by PAGCOR for the game. APPROVED GAME RULES 33. means the level at which the count on the number of balls is fixed. BALL LIMIT 34. refers to a dispute between a Licensee and a patron of the casino as to alleged winnings, alleged losses or the manner in which a game is conducted. DISPUTE 35. non-tournament games played with cash chips which represent actual money, usually with no pre-determined end time with players able to enter and leave as they see fit. CASH GAME 36. It is a control log used to record the movements (receipts, issuances and returns /conversion and balances on stock) of each type of bingo card in the inventory. BIN CARD 37. the casino to be operated by the Licensee under the Provisional License or Authority to Operate whichever is applicable, in which all gaming activities shall take place. CASINO PREMISES 38. refers to a dedicated secure room with surveillance coverage where playing cards are prepared for operation. CARD SHUFFLING CENTER 39. This system is primarily tasked with accurately calculating and reporting the win associated with table games and identifying potential losses and shortages. TABLE GAME ACCOUNTING, MONITORING AND CONTROL SYSTEM 40. means the actual amount paid to winning Bettors for a winning bet or wager for a specific game format. PAYOUT 41. an electronic gaming machine that does not simulate live table games which, upon insertion of a coin, currency, token or similar object therein, or upon payment of any consideration whatsoever, is available to play or operate and payout is made automatically from the machine. SLOT MACHINE 42. means a privilege granted by PAGCOR to the OPERATOR or License to operate a casino. AUTHORITY TO OPERATE (ATO) 43. means an electronic device designed to interface with an electronic gaming machine for the purpose of accepting and validating any combination of Peso currency, tickets, and coupons for incrementing credits on an electronic gaming machine. BILL VALIDATOR 44. means a bingo game which is conducted at a host site participated in by players in other officially designated sites linked together via the Bingo Link System. BINGO LINK GAME 45. means the system used to link various bingo halls via interactive Closed Circuit Television and Computer Link using Wide Are Network, video conferencing and audio/video equipment. BINGO LINK SYSTEM 46. CASH FLOW INCOME REPORT reflects the cash flow activities of the electronic gaming machines. GGR = BILL DROP + TICKET IN + COIN IN – CANCELLED CREDITS – TICKET OUT – COIN OUT – JACKPOTS 47. Means any of the following areas within the casino premises. ANCILLARY AREA 48. Means the approved manual formulated and created in conjunction with the Memorandum of Agreement, Provisional License and ATO issued by PAGCOR to Licensees, to ensure its objectives, regulations and standards are adhered to and complied with. CASINO REGULATORY MANUAL (CRM) 49. Is a report accomplished and submitted daily by the PMT that shows information regarding casino transactions / operations pertinent to the computation of license fees due to PAGCOR; likewise, it contains other information such as customer attendance, qualifying fees, incident reports, junket and high roller players, number of gambling tables and slot machines approved and active on the floor. DAILY OPERATIONS REPORTS (DOR) 50. A type of special memory chip being used in slot machines that retains its data / program even when power supply is switched off. EPROM (ERASABLE PROGRAMMABLE READ ONLY MEMORY) 51. Means the principal communications protocol in the internet protocol suite for relaying datagrams across network boundaries. Its routing functions enable internetworking and essentially establish the internet. INTERNET PROTOCOL (IP) 52. Means a numerical label assigned to each device participating in a computer network that uses Internet Protocol for communication. IP ADDRESS 53. Means any shipment of casino equipment or paraphernalia other than Playing Cards, Electronic Gaming Machines, Electronic Gaming Table and Dice. LOOSE CARGO 54. Means a written document issued by PAGCOR certifying that an applicant meets the conditions of a certified development agreement with PAGCOR. PROVISIONAL LICENSE 55. Means a written document issued by PAGCOR upon completion of a project and upon approval of the report detailing the actual total project cost to ensure the Licensees’ compliance with the approved project cost based on the Project Implementation Plan. REGULAR CASINO GAMING LICENSE 56. is commonly used to refer to activities which involve wagering, odds and prizes. While it is considered an enjoyable form of entertainment, gaming can have a negative impact on the player or his family and community when done in excess. GAMING OR GAMBLING 57. means playing games of chance in casinos and gambling establishments and any variations thereof, including but not limited to the games of chance referred to in the Provisional License or Gaming License, whichever is applicable. GAMING 58. a list of names with their personal information compiled and updated by PAGCOR who are prohibited from entering and from playing in specific PAGCOR-authorized gaming premises in the Philippines. National Database of Restricted Persons (NDRP) 59. an individual affected by gambling to the point of no longer having normal control or rational judgment, leading to problems in other areas of the gambler’s life. PROBLEM GAMBLER 60. an urge to continuously gamble despite harmful negative consequences or a desire to stop. It is often defined by whether harm is experienced by the gambler or others, rather than by the gambler's behavior. PROBLEM GAMBLING 61. personal and financial information certified true by the members of the Board of directors of PAGCOR-authorized gaming entities. Personal Disclosure Statement (PDS) 62. a compilation of personal information as provided by the nominees of the Board of Directors of PAGCOR-licensees. PDS DATABASE 63. Where gaming establishments do not have separate passageways from the gaming floor to and from food outlets and entertainment venues, minors (children less than 18 years old) must never linger, be left alone unaccompanied nor be unsupervised by their adult companions at all times. CHILD CARE 64. The Licensee shall provide hospitality services and/or operate entertainment venues in or near the gaming area so as to encourage customers to take breaks in play. ENTERTAINMENT VENUES