Casino Credit & Hard Pulls

Essentially, I've been considering getting casino credit since my bankroll is getting to the point where I don't want to carry it entirely in cash. However, I am in the process of churning credit cards meaning that a hard pull is essentially worth at least $500 to me (I might fail a hard pull considering I applied for and was approved for 2 CC's in the last week). In my little bit of research it seems like casinos will normally do a hard pull when you apply for casino credit. My question is this:

Has anyone here received casino credit based on their history with a casino, or will I pretty much have to accept that in order to get credit at a casino I'll have to give them a hard pull? Specifically, has anyone gotten a line of credit at an MGM casino without a hard pull?

Thanks

This is something you should talk to the casino's credit department and your host about.

I've been extended credit at places for more than my bank account balance, but for an initial line of credit I've always had to fill out an application and presumably they make an inquiry. They're not going to be too keen on lending money to someone who's currently being sued by other creditors.

Yeah, talk to your host about their procedure. If they give you the run around, the safest strategy is to just wait 90 days past your newest credit card opening date.

Also, keep in mind there's a bunch of laws they have to follow too with regards to issuing credit.

As far as I know there is only one standard for casino credit: your average checking account balance.

I have never seen a casino inquiry show up on any of my credit files with any of the big credit reporting agencies.

Quote: AlanMendelson

As far as I know there is only one standard for casino credit: your average checking account balance.

I have never seen a casino inquiry show up on any of my credit files with any of the big credit reporting agencies.

They also have central credit which I think all casinos report to for credit purposes.

If you ever stiff a casino on a marker any casino you apply for credit to will know about it.

I had to look up what a 'hard pull' is LOL. Easily googled thankfully.

My bankroll needs are in line with what's reasonable to carry in 100s, and I've carried a fair sized bankroll around with me my entire adult life, even before I gambled in casinos. But I've considered casino credit. Interesting what Mendelson had to say.

In Vegas I have many friends (20 plus years) that do gamble on markers. I also have several family members in senior management and exec positions with several properties. The way it was explained to me, is your credit line will be approx. (+ or-) what your avg bank balances are for at least 6 months. Some properties do a credit report also and look for major things and not nit pick. If you have really bad credit and lots of problems some (I said some not all) properties would not issue credit. As far as repaying your markers, it is a crime and most all properties have a steadfast rule about prosecuting 100% of the time through the county DA and they even have a separate unit that deals with all the markers not re-paid and turned over for prosecution. It is a felony and they pursue that route. There are notices and time from the property as well as when it lands on the desk of the DA.

Personally I have stuck to FM wires or deposits and high limit debit cards. Whatever works for you. If I lose I don't want to owe anyone or follow-up. When I walk in the doors it is my money and when I walk out, the same or it's over.