SOURCE: NEWave

NEWave

August 16, 2011 14:21 ET

NEWave Successfully Installs myCompliance™ Title 31 and Tax Forms Solutions at River Spirit Casino in Tulsa, Oklahoma

LAS VEGAS, NV and TULSA, OK--(Marketwire - Aug 16, 2011) - Leading software supplier to the gaming industry NEWave has scored yet another win, installing its myCompliance™ suite that includes the Title 31 and Tax Forms software solutions at the River Spirit Casino in Tulsa, Okla.

NEWave made the announcement from its booth at the Oklahoma Indian Gaming Association trade show, which is underway in Tulsa. NEWave is in booth #624 at OIGA, with its show exhibition partner Financial Equipment.

Title 31 and Tax Forms are two important elements of NEWave's myCompliance Suite, and function to help ensure a casino is filing timely, accurate tax reporting and is in compliance with federal anti-money laundering regulations.

River Spirit Casino operates more than 2,600 of the latest slot games along with 24 table games and 15 poker tables. Title 31 and Tax Forms help the casino to ensure compliance, while being as unobtrusive to their guests as possible.

River Spirit Casino Compliance Manager Meridith Gray said, "NEWave's Title 31 and Tax Forms solutions are important software additions to our operation. Now we can quickly and easily track and log financial transactions from all potential sources as they happen, in real time. Additionally, we now have an increased level of confidence with our reporting compliance, because reports are generated automatically."

"Only NEWave's myCompliance Suite enables operators to streamline and automate their compliance processes. For example, with Title 31, River Spirit can now ask their guests to provide their ID only once, and then never have their play interrupted again. With the stored data, the property can quickly and easily generate and file required reports, ensuring compliance and a positive guest experience," said NEWave COO Tom Bechtel.

NEWave's Title 31 solution completes, files and archives forms required to comply with FinCEN Title 31 anti-money laundering requirements and provides real-time tracking for cash transactions and check transactions. It also creates CTRC, SARC, W/9 and W/8 forms and files electronically. NEWave's Tax Forms solutions completes, files and archives forms required to comply with IRS income reporting requirements, uniting the entire casino with one software solution.

About NEWave:
NEWave and its clients are creating innovative solutions together. Founded in 1993, NEWave has more than 200 years of combined professional experience in the gaming and hospitality industry; indentifying, developing and deploying tools and strategies required to successfully manage information technology projects and organization. In addition, NEWave leads the industry in the development and implementation of gaming and hospitality software application and services that provide complete solutions for auditing functions, regulatory compliance and casino cage operations. For more information, please visit mynewave.com.

About River Spirit Casino
River Spirit Casino, Tulsa's $195 million casino project at 81st & Riverside, showcases 300,000 square feet of gaming space and is one of the largest gaming floors in Oklahoma. With over 2,600 high-tech electronic machines, 24 table games and 15 poker tables, River Spirit Casino offers the most current technology and latest games available. The facility features four world-class dining and beverage venues including the largest casino buffet in Oklahoma, a fine dining establishment, a 24-hour café, lounge and sports bar. For more information on River Spirit Casino please visit www.riverspirittulsa.com.

As an active community partner, River Spirit Casino provides a positive economic impact for Tulsa and surrounding towns, adding 450 new jobs to the city for a total of 1100 employees. Proceeds from gaming operations help to fund a variety of Muscogee (Creek) Nation service programs such as housing, education, elderly assistance and healthcare. For more information on the tribe's history and government, please visit the Muscogee (Creek) Nation's Web site. www.muscogeenation-nsn.gov.

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