Help me understand the New Jersey regulations. The regs say a casino has to provide "security" to cover the value of its chips in an amount set by the Commission. I have been unable to find (so far) the specific requirement that guides the Commission when setting the amount of security. Is it 100%? And is that amount found in the Act or the regs, or is it just Commission policy to require dollar-for-dollar security?

This could be akin to the federal reserve system - participating banks have to post security in the Fed, but the amount fluctuates depending on monetary policy (when I studied this in college during the Lincoln administration, I think the rate was something like 2% of a bank's deposits).