24/7 private vaults.

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October 31st, 2012 at 11:05:45 PM permalink
kewlj
Member since: Apr 17, 2012
Threads: 124
Posts: 1637
I have noticed a number of brand new 24/7 Private Vault billboards have been springing up all over town in the last few weeks. What freaking nerve this guy has. I haven't yet figured out why he isn't in jail. I walked away with no harm done, except a bit of pride as afterwards I felt not only lucky but rather foolish for having patronized this establishment in the first place. I am only a mid-level player, so there was really no reason for me to place funds there in the first place. I only kept a small portion of my BR there as I initially thought having access to extra funds would be handy if for example, I suffered a big lost, early on, during a long weekend. Looking back, I didn't weigh the risks vs reward as I try to do for all situations.

Anyway, even though I escaped any financial loss, it just really irks me to see this jackwad, just open up and restart his business in the very same location, just like nothing happened. Interestingly enough there is another private vault company open just a block away on sunset, American Guardian Vaults. They are housed in a stand alone building that looks like it was a previously a bank, so maybe they are a little more secure, not that it matters. I know one former 24/7 customer that is just fine storing his BR in a bank and planning a little bit ahead.
I measure the results of each session in EV rather than money actually won or lost. That way every session is a winning session and in the end the two will come back in line with each other.
October 31st, 2012 at 11:43:32 PM permalink
AcesAndEights
Member since: Jan 5, 2012
Threads: 50
Posts: 3268
I have to admit I didn't follow the news after it initially broke. Was there any follow-up to the story in terms of whether it was inside job or if there was significant negligence on the part of the owners?
"Hello, Adam and Eve: meet that old serpent, seven out." -MrV
October 31st, 2012 at 11:58:04 PM permalink
kewlj
Member since: Apr 17, 2012
Threads: 124
Posts: 1637
Quote: AcesAndEights
I have to admit I didn't follow the news after it initially broke. Was there any follow-up to the story in terms of whether it was inside job or if there was significant negligence on the part of the owners?


The story got very little coverage. The robbery happened on a Friday night into Saturday morning. It was all over the various gambling and Vegas message board sites by Sunday. The local news finally covered the story on their 11pm Tuesday broadcast and then it seems only because customers of the business alerted them to the story. There was a very small write up in only 1 of the two newspapers either Wednesday or Thursday and that was it. I never saw or heard another mention anywhere, except the message boards. It was all very hush-hush, even by the police, which seems strange for a robbery that may have netted 10's of millions of dollars. There was really no way to know the amount.

Negligence on the part of the owner? You mean the guy who claimed to have re-inforced walls and ceiling, state of the art Iris scanners and 2 employees monitoring the location from different locations at all times, of which none of these claims was true. No I don't see anything there. lol
I measure the results of each session in EV rather than money actually won or lost. That way every session is a winning session and in the end the two will come back in line with each other.
November 1st, 2012 at 4:42:35 AM permalink
FleaStiff
Member since: Oct 19, 2009
Threads: 176
Posts: 9195
No way to know what the haul was but it was unlikely to have been in the millions.

I don't know if it was an inside job just because the owner was making bogus claims. As an insurance company learned long ago: the easiest way to rob an armored car in the Bronx is to start an armored car company and wait several years.

What are the alternatives to these places?
Tobacco humidors?
Safe deposit boxes in banks with 9 to 5 hours despite Las Vegas poker players not keeping such hours?
A Chinese convenience store?
November 1st, 2012 at 5:27:00 AM permalink
rainman
Member since: Mar 28, 2012
Threads: 14
Posts: 892
The alternative is a 24 hour self storage unit. Inside the unit is $100.00 of yard sale crap along with an ugly piece of crap dresser with the drawers shortened and a false back installed.
November 1st, 2012 at 5:47:42 AM permalink
FleaStiff
Member since: Oct 19, 2009
Threads: 176
Posts: 9195
Perhaps geographically inconvenient to high stakes games and perhaps unduly troublesome to enter and exit. Still, its better than trusting some creep who puts up a Boxes-R-Us type place that is one step above cardboard.
November 1st, 2012 at 10:35:28 AM permalink
teddys
Member since: Nov 14, 2009
Threads: 143
Posts: 4495
Why doesn't a bank branch near the Strip offer 24/7 teller access? Everything in LV goes on a 24-hour clock; so why not at least one bank? Wells, BofA, USBank, Chase, any of those would work.

By the way, Wells is open Sundays.
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." ― Rig Veda 10.34.7
November 1st, 2012 at 11:07:52 AM permalink
kewlj
Member since: Apr 17, 2012
Threads: 124
Posts: 1637
That would be Sweet. I imagine they would need to keep a ton of money on hand. Two of my banks, BofA and Nevada State both have branches just two blocks off Fremont Street, although neither offers any extended hours beyond their norm that I know of.
I measure the results of each session in EV rather than money actually won or lost. That way every session is a winning session and in the end the two will come back in line with each other.
November 1st, 2012 at 1:32:07 PM permalink
DRich
Member since: Jul 6, 2012
Threads: 35
Posts: 1228
Why not just keep money on account at one of the casino's? I did that for many years when I was gambling a lot. I actually kept money at two different casino's on the strip and would go to the closer one when I needed more cash. Unless you are trying to avoid a paper trail, this is a good solution.
"Joey, do you like movies about gladiators?"
November 1st, 2012 at 1:37:30 PM permalink
AcesAndEights
Member since: Jan 5, 2012
Threads: 50
Posts: 3268
Quote: DRich
Why not just keep money on account at one of the casino's? I did that for many years when I was gambling a lot. I actually kept money at two different casino's on the strip and would go to the closer one when I needed more cash. Unless you are trying to avoid a paper trail, this is a good solution.

This is not a good position for an advantage player to be in.
"Hello, Adam and Eve: meet that old serpent, seven out." -MrV
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