 | Bovada is the only Internet casino endorsed by the Wizard. Here are my reasons why and my promise of support. |
Penalties for Not Paying Atlantic City Casino Marker
| October 3rd, 2011 at 7:40:25 PM permalink | |
| 1amckenna Member since: Oct 3, 2011 Threads: 1 Posts: 4 | What will an Atlantic City casino do if you can not pay a marker you owe (>=$5K)? |
| October 3rd, 2011 at 7:46:11 PM permalink | |
| buzzpaff Member since: Mar 8, 2011 Threads: 82 Posts: 2835 | Send Guido or Tony the Jaw breaker Baldoni. Seriously I think it depends what state you reside in, what small claims court limits are etc. I know a guy in Colorado that had a bad check for $500 at a casino. Next thing you know, his bank account was debited for treble damages. $1,500. Time to check in with a lawyer. Casino will definitely not write off 5K ! Buzz Paff |
| October 3rd, 2011 at 7:47:48 PM permalink | |
| ncfatcat Member since: Jun 25, 2011 Threads: 1 Posts: 168 | It used to be that gambling debts were legally unenforceable. That's why Luigi would come visit you. Then you would get on a List of deadbeats casinos share. I wouldn't doubt that now they do like hospitals and have you sign a document that kicks your debt into an installment agreement loan if you don't pay. Wherever you go - There you are |
| October 3rd, 2011 at 9:34:16 PM permalink | |
| MrV Member since: Feb 13, 2010 Threads: 58 Posts: 803 | see ... varied responses: http://www.majorwager.com/forums/mess-hall/77921-paying-casino-markers-late.html |
| October 3rd, 2011 at 9:46:56 PM permalink | |
| EvenBob Member since: Jul 18, 2010 Threads: 231 Posts: 6383 |
Its all legal now, they'll sue you and debit your bank account and garnish your wages. And it won't be 5K, you can count on about 12K when all the charges are included. It will ruin your credit and you'll never get another marker. One casino owner to another: "It would be so much easier if we could just hit them over the head, steal their money, and throw their bodies in the creek." Al Swearengen, Deadwood |
| October 4th, 2011 at 4:34:52 AM permalink | |
| 1amckenna Member since: Oct 3, 2011 Threads: 1 Posts: 4 | Thanks for the hard facts. I guess bankruptcy is out of the question? |
| October 4th, 2011 at 8:40:03 AM permalink | |
| kp Member since: Feb 28, 2011 Threads: 7 Posts: 422 |
It would cost less to pay the casino than to pay the lawyer. |
| October 4th, 2011 at 11:27:19 AM permalink | |
| SFB Member since: Dec 20, 2010 Threads: 1 Posts: 92 | No it would not. Personal Bankruptcy can be had for as little as $1000 in most areas. IF your unemployed right now, it would make sense to pull the Big B. That way the 5 year payout for the % of debt could be pretty low. SFB |
| October 4th, 2011 at 11:46:58 AM permalink | |
| Ayecarumba Member since: Nov 17, 2009 Threads: 113 Posts: 2032 |
Is there any chance of negotiating a payment schedule directly with the casino, before filing bankruptcy? 5k is not a huge amount of money, in that it could be worked off in a year. A BK will sting for many years to come. |
| October 4th, 2011 at 12:31:33 PM permalink | |
| teddys Member since: Nov 14, 2009 Threads: 100 Posts: 2721 | Talk to a lawyer and see if the debt could be discharged in bankruptcy. Casino debt is not a favorite of the law, so it might be easily discharged, but I don't know the applicable state law in New Jersey. "If you can make one heap of all your winnings / And risk it on one turn of pitch-and-toss / And lose, and start again at your beginnings / And never breathe a word about your loss..." -Rudyard Kipling |
| Bovada is the only Internet casino endorsed by the Wizard. Here are my reasons why and my promise of support. |