Oct 19, 2009
- Threads: 211
- Posts: 11017
Casino credit is a decision for the casino to make. The casino that had the least 'credit losses' was in Reno, they had no credit desk. You brought what you wanted to risk and if you lost it, you looked at the scenery until your room reservation expired but no markers.
In Nevada, markers are checks and the collection agency is the county sheriff's warrant squad. That said, even when markers were NOT enforceable, Binions had a phenomenally high collectior rate on markers.
One casino, quite some time ago, had two middle aged brothers who went on a credit limit escalator all the way up to 800,000 each. When teh inevitable happened, the casino found those two brothers had taken names from their local cemetery. Free rooms, free meals, free high end booze and all they could find were two cemetary plots. Someone lost his job after that one.