Casinos will report financial data more frequently under new regulations

The Division of Gaming Enforcement announced Wednesday that in the new year, casino financial reporting will have different requirements.

The Division of Gaming Enforcement announced Wednesday that in the new year, casino financial reporting will have different requirements.

The new regulations, to be published in the Division Financial Reporting Manual, are changes made to address the Casino Control Act and corresponding re-regulation.

Among the changes, casinos — and their parent companies — can use internal documents for certain regular filings, to reduce redundancy, but must file internal monthly financial statements online with the division, an increase from the quarterly filings previously required. The division said the increased frequency will not place an additional burden on casinos, because the reports are already created, and many licensees file monthly under their license conditions.

Casino licensees and parent companies also must submit annual financial projections, replacing the three-year forecasts of the past.

David Rebuck, acting director of the Office of Financial Investigations within the division, said casino filings will remain accessible and transparent under the new requirements.

The final round of regulations associated with the Casino Control Act was published in early November. The public comment period for those rules ends Jan. 6.