What gaming institutions are subject to the BSA casino regulatory requirements?
Answer 1: A casino or a card club that is duly licensed or authorized to do business as such, and has gross annual gaming revenue in excess of $1 million, is a “financial institution” under the BSA. The definition applies to both land-based and riverboat operations licensed or authorized under the laws of a state, territory,3 or tribal jurisdiction, or under the Indian Gaming Regulatory Act.4 Tribal gaming establishments that offer slot machines, video lottery terminals, or table games,5 and that have gross annual gaming revenue in excess of $1 million are covered by the definitions. Card clubs generally are subject to the same rules as casinos, unless a different treatment for card clubs is explicitly stated in 31 C.F.R. Part 103.
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