Current Event Discussion: Module 4 Module 4: Cage, Credit, and Collections The student(s) assigned ...

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Current Event Discussion: Module 4 Module 4: Cage, Credit, and Collections The student(s) assigned to Current Event Module 4 are required to post the link to the article and their synopsis Module 4: Overview Introduction The cage is the heart of any casino operation. Ultimately all cash flows through the casino cage. It is critical to have strong cash/chip handling skills, accountability, and documentation of all transactions processed with the casino cage. In addition, the cage is a source of guest service as even non-gamblers will often seek financial services unrelated to gaming. Maintaining sufficient cash on hand to comply with minimum bankroll requirements is a critical operational function provided by the cage. Similar to consumer credit, documentation and authorization are required to establish a casino credit line. If payment is made timely, the licensee never has to establish collection procedures. As is often the case, the timely payment does not occur and the licensee must impose steps to collect funds. As debt is determined to be uncollectible, the licensee may post a bad debt reserve or ultimately, write off the balance. This module will walk through cage operations and the cash flow required, issuance and extension of casino credit and the collection process. Learning objectives After completing this module, you should be able to: Explain the cash flow and controls to and from the cashier, including count rooms, vault, and main bank. Describe the importance of proper controls for casino credit. Properly account for casino credit. Properly account for bad debt reserve. Read/view Read chapters 10-11 in the textbook Read chapter 12, "Casino Receivables" pages 349-352 Read "Casino: Cage Operations - The Backbone of a Casino" Read "Auditing Casino Credit" Read" AR & Bad Debt Expense" Read "Casinos burned by gamblers who skip out on markers" Discuss Post a response and communicate with your classmates on this week's forum: Discussion: Module #4 Post a response and communicate with your classmates about this week's current event: Current Event Discussion: Module 4 Current Event Discussion: Module 4 Module 4: Cage, Credit, and Collections The student(s) assigned to Current Event Module 4 are required to post the link to the article and their synopsis by Sunday night at midnight at the beginning of the week it will be discussed. All other students are then required to read and question and comment on the discussion forum for current event(s) within Module 4. The points possible below pertain only to the discussion forum part. The original student(s) posting and the moderating of the discussion forum are part of a different grade.