Adoption of Revised Minimum Internal Control Standards
NEVADA (February 13, 2023) — The Nevada Gaming Control Board has completed final revisions to the Minimum Internal Control Standards (MICS). Therefore, pursuant to Regulation 6.090(5), the Board intends to adopt Version 9 of the following MICS sections:
- Cage and Credit
- Card Games
- Information Technology
- Interactive Gaming
- Race and Sports
- Table Games
The above MICS sections, each with an effective date of April 1, 2023, are available on the Board’s website at https://gaming.nv.gov/index.aspx?page=52#proposedtechstd. Each of the sections indicates the changes from Version 8 of the standards with blue text for additions and red strikethrough for deletions. The drafts will be posted on the Board’s website until May 1, 2023. The final version of the standards will be available on the website prior to April 1, 2023.
As provided in Regulation 6.090(6), any Group I nonrestricted licensee may object to any newly adopted or modified standards within thirty days from the date of this notice. Objections must contain a reference to the specific MICS, by section and by number, and must identify specific concerns. Detailed descriptions of concerns are necessary for Nevada Gaming.
Commission to evaluate objections. Objections must be submitted in writing to the Commission at the following address:
Written objections should be received by the Commission no later than March 15, 2023.
If your objections relate to procedures that are unique to your operation and would not benefit all Group I licensees, please consider the provisions of Regulation 6.090(8) as an alternative to filing an objection. Regulation 6.090(8) allows a licensee to seek approval from the Board Chair for variations from the standards when a licensee’s alternative procedures would satisfy the objectives of internal control described in Regulation 6.090(1).
If no objections are received, MICS Version 9 will become effective on April 1, 2023. However, compliance with the new standards will not be required until June 1, 2023. Prior to June 1, 2023, a notice will be sent indicating the final effective date of the adopted MICS, the date compliance with the new standards is required, and providing information regarding the submission of an adequate, complete written system of internal control. All written systems of internal control must be in compliance with the revised standards in advance of the compliance date.
Due to the ongoing nature of the MICS revisions process, it is recommended that you periodically check the Board’s website at http://gaming.nv.gov for new developments and information.
Please contact Supervisor Shelley Newell at (702) 486-2060 if you have any questions.
Notice #2023 – 13.
FROM: Brittnie T. Watkins, Esq., Ph.D., Board Member.
SOURCE: Nevada Gaming Control Board (Issuing Division: Audit).Tags: Nevada Gaming Control Board, Revised Minimum Internal Control Standards