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NY S08031
Bill
Status
6/16/2016
Primary Sponsor
John Bonacic
Click for details
AI Summary
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Amends the racing, pari-mutuel wagering and breeding law to require gaming facility licensees and licensed persons to maintain written records of transactions and activities as prescribed by commission rules before cashing checks, making loans, or providing credit to enable gaming activity.
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Requires written records for releasing or discharging player debts (in whole or in part) or making loans that represent gaming losses incurred by players.
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Applies the written record requirement to gaming facility licensees, persons licensed under the article, and persons acting on behalf of or under arrangement with such licensees or licensed persons.
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Takes effect immediately upon enactment.
Legislative Description
Requires a written record of transactions and activities to be maintained pursuant to the rules of the commission in order to cash any check, make a loan, allow credit or release or discharge a debt or make a loan that represents any losses incurred by any player in a gaming activity.
Last Action
referred to racing and wagering
6/16/2016