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Board approves waivers to align casino lock-up reporting with IRS threshold and to allow Rivers Casino renovations
Summary
The board approved a staff-recommended waiver to defer enforcement of a $1,200 slot-machine lock-up threshold to match the federal reporting threshold (cited as $2,000) and approved a short-term waiver for Rivers Casino to adjust chip-issuing locations during a poker-room renovation; both passed by voice vote.
The Virginia Lottery Board approved two staff-recommended waivers during its Jan. 13 meeting.
First, the board granted a waiver that temporarily aligns enforcement of slot-machine lock/stop-play procedures with current federal reporting thresholds (staff cited $2,000 as the IRS reporting number). Staff described operational complexity for casinos if the Lottery's written regulation…
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