CASINO CREDIT

Only our addiction allows us to put uno with these casino managers. I have used casino credit at Bellagiuoi and Aria for years. I get money @ the craps table, gamble awhile, then saunter off to the poker room. I am advised and lectured not to use these chips anywhere but table games in the casino. So, if I want to play poker I guess I have to lose or cash in all my chips and buy new ones in the poker room. Ingenious. No wonder these guys are in bankruptcy. The only one hurt by this Micky Mouse rule is the poker room and i loose a bit of convenience. Anyway, I've been cautioned twice not to use these chips in the poker room. My last trip they tell me I did the most horrendous thing possible. I "walked with chips". They decided against the beheading and gave me another warning. I told them in sweeter words to shove their account. The director of credit, in her warden like way, decided to close my Aria account also. I am really going to miss them right!! I did not walk with chips but deposited about $400 at the craps table. That's about 17% interest to the casino. Guess they just don't need small potatoes like me. I need them less but I repeat IS IT ANY WONDER THESE ARROGANT GENIUSES are in bankruptcy???

The operator of Bellagio and Aria is not in bankruptcy. And, it's common courtesy not to leave a table with small denomination chips that could be colored up. if you take the small-dollar chips, it increases the frequency with which new chips need to be brought to the table. That slows things down for the other players, who must stop and wait for the fill that you caused. None of this has anything to do with your credit line at all. Like, not even a little bit.

Quote: ANUBIS

...The only one hurt by this Micky Mouse rule is the poker room and i loose a bit of convenience...

You're going to drive Alan Mendelson nuts spelling "lose" as "loose"

Marker at the two top properties in the MGM empire? My guess is you get a hefty amount of black. It shouldn't be too hard to rat hole a few hundred for poker... Unless you're playing ultra high limit stuff.

Nonetheless, seems ticky tacky to me.

I have a line of credit at Aria, and have never experienced anything like this. I typically get a marker for $2000 at the pai gow or pai gow poker table. When they ask how I want my chips, I'll request $500 in small denominations "to play with now" and $1500 in large chips "to save for later." No problem. I figure I'm doing everybody a favor by not getting smaller markers more frequently. Saves everybody time and paperwork.

When I buy into a poker tournament, I'll generally use chips that I brought from the main casino, which I had procured using a marker. Nobody cares. I've never tried to join a cash game using chips that were not obtained from the poker cage or chip runner.

The only time I've ever had a problem cashing in with casino credit was at Venetian. Got my usual marker for $2000, played with $500. Then went to the cage and tried to cash in $1000 in chips for "walking around money." They checked up on my and saw that I had a marker outstanding, so they would not give me cash for chips. I've never had a problem with this at any other casino. Between this adventure and the Venetian getting rid of their pai gow tiles game, I don't have much reason to play there anymore. Still visit the Public House on every trip, tho.

Why are people getting credit lines for so little. I'm confused, I wouldn't even give credit for less than 5k.

Quote: OxelWolf

Why are people getting credit lines for so little. I'm confused, I wouldn't even give credit for less than 5k.

I only saw PuppyChubba saying he gets a $2K marker...not a $2K credit line.

Most people don't walk around with much cash at all.

Quote: AxelWolf

Why are people getting credit lines for so little. I'm confused, I wouldn't even give credit for less than 5k.

Who wants to carry a few grand in cash around?

Plus, casino credit is a great deal: they give you up to your limit, and you have thirty or so days to pay it back without interest.

My concern has always been that having set up casino credit somewhere gets on your credit report, and is considered a red flag. Pretty sure I couldn't pull the trigger on it. edit: after checking it out per the below, I am reconsidering this.

PS: found this,

Quote: link below

Casinos don’t furnish data to credit bureaus, but many outsource credit-checking services to outside companies, who may request credit reports on casino-credit applicants. What you need to know: It’s possible that applying for casino credit could result in an inquiry on your credit report, and inquiries can hurt your credit scores.

That in and of itself is not too alarming. It doesn't say that it gets clearly linked to gambling. Excessive credit inquiries are no big deal unless your timing is bad and you have it going on just as you are applying for a loan. Otherwise, the negative impact should expire.

That casinos don't directly furnish data to the bureaus is good.

I'm still checking it out, this is the first thing I came across.

http://blog.credit.com/2014/03/can-gambling-hurt-your-credit-score-77818/

good info comes up readily, I'll just provide this:

https://www.google.com/?gws_rd=ssl#q=casino+credit+my+credit+report

Quote: MrV

Who wants to carry a few grand in cash around?

Plus, casino credit is a great deal: they give you up to your limit, and you have thirty or so days to pay it back without interest.

Me and lots of others. You'd be amazed how light and compact 20 100's are.

Quote: standbymyman

Me and lots of others.

Sure, I bring some with me as well, but when I want to hit it hard and heavy I take out a marker.

Quote: standbymyman

Me and lots of others. You'd be amazed how light and compact 20 100's are.

Agreed. I can fit $6K in my wallet comfortably. But a majority of people don't have stacks of cash laying around.

I have it on good authority that the OP is bankrupt.

See, I can make up stuff too. Or am I?

Quote: sabre

I have it on good authority that the OP is bankrupt.

See, I can make up stuff too. Or am I?

Made me look, I had forgotten who the original poster was ;-)

I used to carry relatively large sums of cash on me, had to worry about crossing int'l borders but didn't really worry about the cash. Then had a weird incident, had played a marathon session BJ in a successful attempt to reduce ( not recover ) my losses. Lots of chips on table for hours on end, lots of players coming and going. In a dimly lit parking deck in the wee hours of the morning I was approached by someone I recognized from the table. Has a friend with him. Felt strange right off the bat, turned out to be nothing, but I thought about it some. I now never carry a bunch of cash anymore, and I feel safer. I didn't say I feel safe, just safer.

Quote: PapaChubby

The only time I've ever had a problem cashing in with casino credit was at Venetian. Got my usual marker for $2000, played with $500. Then went to the cage and tried to cash in $1000 in chips for "walking around money." They checked up on my and saw that I had a marker outstanding, so they would not give me cash for chips. I've never had a problem with this at any other casino. Between this adventure and the Venetian getting rid of their pai gow tiles game, I don't have much reason to play there anymore. Still visit the Public House on every trip, tho.

Very similar experience at Venetian, went to cash in apporx $5,000 in chips, had $6,000 in markers (in $2000 increments). I requested to pay off one of the markers and cash the other $3k. They said that I had to use the entire $5K to pay off all three markers and then have me sign for a new $1K marker to cover the deficiency. I was surprised because I hadn't run into this before (and my credit history is excellent). After consulting with a supervisor, they agreed to pay off two markers, and let me leave with $1000 cash. I avoid taking credit there now because I was turned off by this experience.

I guess purely from a short term financial perspective it makes sense, but from a customer service standpoint, it seems like a poor idea to treat players who qualify for credit in such a manner.

Quote: MrV

Sure, I bring some with me as well, but when I want to hit it hard and heavy I take out a marker.

I agree, with asset forfeiture laws the way they are anymore, I take less cash with me than I used to. It's just more convenient, with less worry, to take out markers than travel with large amounts (say $5K or greater) cash. If I lived in Vegas, I'd probably have a different approach.

Quote: AxelWolf

Why are people getting credit lines for so little. I'm confused, I wouldn't even give credit for less than 5k.

I have a $5,000 credit line at Horseshoe Baltimore, a $5,000 credit line at Harrah's New Orleans, and a $2,500 credit line at Bally's Atlantic City. (That's the most Bally's would give me). There's a possibility I will never use these lines ever again (certainly not Horseshoe Baltimore). But I keep them open because it's not hurting my credit either way (it might help it -- not sure if they report to the agencies). I would really like to have just a $10k line with CAESARS ENTERTAINMENT. But they won't do that. Heck, they won't even combine lines from Bally's and Caesars AC.

By the way, Harrah's NO has a 30 day float, HS Baltimore and Bally's 14 days.

Hmm, taking out markers at various casinos, maxing out credit cards / cash advances then filing bankruptcy: ka-ching!

Quote: MrV

Hmm, taking out markers at various casinos, maxing out credit cards / cash advances then filing bankruptcy: ka-ching!

Legalized theft.

Quote: MrV

Hmm, taking out markers at various casinos, maxing out credit cards / cash advances then filing bankruptcy: ka-ching!

I doubt any federal bankruptcy judge would be sympathetic to that petition. Have you ever done personal BK's Mr. V? They can be harsh.

Also, as most people here know, a casino marker is actually a postdated check, not a debt instrument.

Still, nice to know I have access to $12,500 in cash no questions asked if I ever get really hard up. (And I don't mind driving a couple thousand miles to get it).