1arrowheaddr
1arrowheaddr
  • Threads: 14
  • Posts: 297
Joined: Jun 20, 2012
May 23rd, 2013 at 9:11:15 AM permalink
I couldn't think of a great thread title, but I am interested in discussing a few things related to cash in casinos.

Are casino's obligated to pay you any amount in cash? Could Phil Ivey gotten his £7.7 million in cash? The biggest win I've ever had was a $4,000 royal which I took in cash, but that isn't a large amount for a casino. Do individual casinos have limits? "We pay up to $20,000 in cash the rest in check"?
AZDuffman
AZDuffman
  • Threads: 240
  • Posts: 13884
Joined: Nov 2, 2009
May 23rd, 2013 at 9:23:31 AM permalink
You could probably request cash and hey really shouldn't care. But you might have to wait if yos ask for your WSOP winnings in nickels.
All animals are equal, but some are more equal than others
Ayecarumba
Ayecarumba
  • Threads: 236
  • Posts: 6763
Joined: Nov 17, 2009
May 23rd, 2013 at 9:30:16 AM permalink
Nevada casinos are required to keep a certain amount of cash on hand to cover chips in action. If a player wants cash, even an obscene amount that weighs more than he could carry, they could certainly provide it, since many joints are corporately connected, and share vaults. Even if they are not corporately connected, many smaller joints have cash coverage agreements between them to comply with the Gaming Commission requirements.

If they don't have enough cash on hand, Gaming can, and will, shut them down. Binion's was in a low cash situation several years (and owner's), ago, and got shut down.

Certain large slot jackpots (e.g., Megabucks, Wheel of Fortune) specify that they pay via an annuity. I don't know if any table game jackpots, like the Carribbean Stud Royal bonus are also set up that way, but I doubt it, since awards rarely exceed a few hundred thousand.
Simplicity is the ultimate sophistication - Leonardo da Vinci
FleaStiff
FleaStiff
  • Threads: 265
  • Posts: 14484
Joined: Oct 19, 2009
May 23rd, 2013 at 9:54:10 AM permalink
Regs determine the amount of cash and cash equivalents the casino must have on hand.

That display of one million dollars ... doesn't earn interest but it does count as being "on hand" for the casino.

The ultra high amount at which tables are banked in the Venetian make some minority shareholder grumble. Even during the recession the high limit tables were banked at very high amounts thus requiring high amounts to be on hand to cover the chips that just sat there, never being put into play.

A casino can pay by check but will accommodate various requests. One man, dressed as a monk, walked in carrying a brown paper bag containing eighty grand. Walked out with the same brown paper bag containing 250,000. No one ever asked him if he had taken a vow of poverty or not.

Mia, a young lady at the old Binions, whose style of shooting dice left no doubts as to her never wearing any panties always walked in with cash and sometimes walked out with cash but never once walked out with even a certified check. Mia lived in a one room dump but was often staking other gamblers.

Las Vegas Soft Count rooms were at one time selected as "emergency currency sources" for FBI's Hijacking Team when a ransom demand couldn't be met in a certain time zone the selected casinos would step in and furnish the ransom which was driven to Nellis AF base.
DRich
DRich
  • Threads: 86
  • Posts: 11596
Joined: Jul 6, 2012
May 23rd, 2013 at 10:07:14 AM permalink
Quote: FleaStiff


Las Vegas Soft Count rooms were at one time selected as "emergency currency sources" for FBI's Hijacking Team when a ransom demand couldn't be met in a certain time zone the selected casinos would step in and furnish the ransom which was driven to Nellis AF base.



Very interesting. I have lived in Vegas for 23 years and I had never heard that before.

Unfortunately, I have never won as much as six figures so I have never asked for a check.
At my age, a "Life In Prison" sentence is not much of a deterrent.
Jimbo
Jimbo
  • Threads: 5
  • Posts: 158
Joined: Mar 11, 2013
May 23rd, 2013 at 10:40:00 AM permalink
One method of money laundering is to buy chips with cash, play for a time (usually a short period of time), and then when cashing out the chips at the cage, be issued a check. The check can then obviously be deposited in the individual's personal bank account. Voila. Cash laundered.

To avoid this, it is my understanding that if you ask for a check, the casino will not issue a check to you for the amount of cash you bought in for. If you did have winnings in excess of the cash buy-in, you may ask for and receive a check--in an amount for all or part of the winnings only. But not for the amount of the buy-in.

For the amount of the cash buy-in, you must receive cash back.
FleaStiff
FleaStiff
  • Threads: 265
  • Posts: 14484
Joined: Oct 19, 2009
May 23rd, 2013 at 11:03:09 AM permalink
I understand that many people try to buy chips with credit cards and then cash the chips and walk away from the credit card debt n various fashions but casinos are wise to this. One P.I. in NYC followed a suspect to Atlantic City and found out what was going on so he told the casino that the wife's signature on the credit card account had been forged. Casinos move fast when they have to.

In the opening scenes of The Croupier, a somewhat speculative film noir, a woman comes in and puts two tall stacks on Red and Black and then immediately takes her winnings to the cashiers cage for a check. Of course that was an English film, not necessarily the real world.
Ayecarumba
Ayecarumba
  • Threads: 236
  • Posts: 6763
Joined: Nov 17, 2009
May 23rd, 2013 at 1:29:00 PM permalink
Quote: Jimbo

... For the amount of the cash buy-in, you must receive cash back.



I've never heard this. First, how does the cashier know what the original buy in was? What if the customer buys in for $5,000 in cash at the BJ table, loses it all, then moves to the Craps table, buys in for another $5,000 in cash, doubles up after a few hours, then goes to the cashier window with $10k in chips.

I'm pretty sure the player could get a check for $10k. Of course, there's going to be some government paperwork to fill out too.
Simplicity is the ultimate sophistication - Leonardo da Vinci
Jimbo
Jimbo
  • Threads: 5
  • Posts: 158
Joined: Mar 11, 2013
Thanked by
ChumpChange
May 23rd, 2013 at 2:22:12 PM permalink
Quote: Ayecarumba

First, how does the cashier know what the original buy in was?....I'm pretty sure the player could get a check for $10k

Well, I do not work for a casino, so I could be wrong, but I have dealt with some of the procedures involving larger cash transactions.

If the cash transaction at the cage is for a relatively small amount--less than $2,500--it is possible to perhaps get away with some things, since that amount typically does not involve any sort of identification. I still think that if you ask for a check of even that small amount, they may inquire as to your buy-in and only issue a check for the amount of the winnings. If you did not use a player's card when you bought in, and if they cannot confirm the amount of your buy-in, then they may refuse to issue a check to you. Again, my opinion.

In the situation you described involving $10,000, the cashier will definitely know (or I should say, will find out) how much your buy-in was. You asked, How? The cashier will ask for your player's card and then will call surveillance as you cash out, since they will take a photo of you and of the chips (from the eye in the sky). Other in-house records will be documented. Depending on the jurisdiction and depending on the casino's policies, this could be for an amount as small as $3,000, but at least for amounts approaching $10,000.

In addition, either surveillance or the cashier may call the pit to find out that the chips were properly obtained by you.

Assuming you used a player's card, the amount of your buy-in will be in the system. If you did not use a player's card, there was still an entry made by the pit supervisor describing your buy-in. I assure you, the pit bosses at the BJ pit and the craps pit made a record of those two buy-ins of $5,000 each. There was also a record made when you lost the first $5K at the BJ table and left the table.

So, I respectfully disagree. I am pretty sure the player will not get a check for $10K.

You are also right about some paperwork.

If the amount is $10,000 or less, they will not ask for your SS number. Again, they may still ask for a player's card.

If the amount is more than $10k, they will ask for your SS number and ID and complete a CTR.

By asking for a check to be issued to you--again depending on the circumstances of how long you played and several other factors, such as whether you provided a player's card when you bought in--the casino may even file an SAR (Suspicious Activity Report). The SAR can be for amounts less than $10K--usually not less than $5K, but it can be if they think there was suspicious activity.

I believe--again, I have not looked into this and I could be wrong--Treasury Dept. regulations may even define suspicious activity to include buying in with cash and then trying to obtain a check for the amount of the buy-in. I think another defined suspicious activity is if you use small bills in excess of $2,500 (such as 10s and 20s) as your buy-in as part of an effort to exchange it for larger denominations. There are certainly additional activities that are defined under the regulations.
AlanMendelson
AlanMendelson
  • Threads: 167
  • Posts: 5937
Joined: Oct 5, 2011
May 23rd, 2013 at 2:41:42 PM permalink
What surprises me is that the Federal Reserve has a branch in Miami and one in LA but not in Vegas. How do they get the cash in and out?
Wizard
Administrator
Wizard
  • Threads: 1491
  • Posts: 26435
Joined: Oct 14, 2009
May 23rd, 2013 at 2:54:06 PM permalink
The rule of thumb is that large wins can be paid however the winner wants. For example, when I won $50,000 in a craps tournament at the Venetian I requested a check. They deducted what I owed on my marker and printed one up for me.

I've also been paid large sports betting wins by check. As I recall, at the Palms they would only pay the winning portion by check, and returned the original wagers in cash. At the Bellagio they paid the full way by check.

For large video poker jackpots, like $20,000 or more, you can request a check. I've done this a few times.

The amounts in question have to be in the five-figures before such service can be requested, as a rule of thumb.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
Maverick17
Maverick17
  • Threads: 17
  • Posts: 323
Joined: Mar 4, 2011
May 23rd, 2013 at 3:29:57 PM permalink
Quote: Wizard

The rule of thumb is that large wins can be paid however the winner wants. For example, when I won $50,000 in a craps tournament at the Venetian I requested a check. They deducted what I owed on my marker and printed one up for me.

I've also been paid large sports betting wins by check. As I recall, at the Palms they would only pay the winning portion by check, and returned the original wagers in cash. At the Bellagio they paid the full way by check.

For large video poker jackpots, like $20,000 or more, you can request a check. I've done this a few times.

The amounts in question have to be in the five-figures before such service can be requested, as a rule of thumb.




In your experience is this just "casino policy" or is there a real reason (ie tax, legal, accounting, etc) they want to give you your original wager/marker back in cash?
Statistics don't lie, they deceive.
Wizard
Administrator
Wizard
  • Threads: 1491
  • Posts: 26435
Joined: Oct 14, 2009
May 23rd, 2013 at 3:51:10 PM permalink
Quote: Maverick17

In your experience is this just "casino policy" or is there a real reason (ie tax, legal, accounting, etc) they want to give you your original wager/marker back in cash?



The casino policy is they don't want to be accused of money laundering. So, if you present cash, and win, they are not going to launder the original principle into a check or bank wire. Then again, I bet with cash at the Bellagio and they paid the full value of the Super Bowl tickets by check, which surprised me. Since 9/11 the casinos are very firm that they are not to be used as banks.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
Jimbo
Jimbo
  • Threads: 5
  • Posts: 158
Joined: Mar 11, 2013
May 23rd, 2013 at 3:51:41 PM permalink
I posted previously. To combat money laundering.
AlanMendelson
AlanMendelson
  • Threads: 167
  • Posts: 5937
Joined: Oct 5, 2011
May 23rd, 2013 at 4:27:24 PM permalink
I don't know what the rules are or what policies are or what regulations might say but this is only my experience:

I've never been specifically offered a check for a big win at a Vegas casino. Usually I am asked "how would you like this?" At which point you can say cash, check or combination.

When I have hit big royals at Caesars for $20K or more and if I ask for a check I am reminded that if I take a check that my line of credit will be closed for that visit. The reason is that they don't want to extend to you credit when you have their money in a check. To reactivate your credit line on the next visit you have to check-in at the cage. This has happened to me several times.

Once, I had to have the floorman at the craps pit call the cage to let them know I was back (a few weeks after a visit where I got a check) so that I could use my credit line at the craps table.

If you don't want cash you can keep the balance on account with the cage. There was that one weekend when I hit two VP progressives -- one for $24K and another for $21K. I took some cash and put the rest on account with the cage. And when my trip was over I got a check from the cage for the balance.

At Harrah's Rincon in San Diego I have seen players get checks for as little as $2,000 with no problem from the casino.
FleaStiff
FleaStiff
  • Threads: 265
  • Posts: 14484
Joined: Oct 19, 2009
May 23rd, 2013 at 6:05:36 PM permalink
Casinos know that if they give you cash you will probably gamble it... but casinos also know that headlines can be bad for them, so if you want a check they are happy to avoid a headline about someone running you off the road to steal the cash. Casinos have various cash management forms and reports so the Treasury Dept. is kept happy but they also want to keep their customers happy too.
AlanMendelson
AlanMendelson
  • Threads: 167
  • Posts: 5937
Joined: Oct 5, 2011
May 23rd, 2013 at 6:47:51 PM permalink
Let me ask this: if there is no Federal Reserve Branch bank in Vegas, how do they get the money in?

When I got a payoff on a $20K royal, they gave me two packs of $100 bills with a wrapper from the Federal Reserve Bank. I asked at the cage about this and they said thats how they get the money from their bank. But is the money flown in, trucked in, or is there a secret underground tunnel that runs through Area 51 for the cash shipments? :-)
NokTang
NokTang
  • Threads: 56
  • Posts: 1314
Joined: Aug 15, 2011
May 23rd, 2013 at 6:50:45 PM permalink
Here in Asia, we have a lot, a real real lot, of counterfeit $100.usd notes. I'm often surprised at how easily a person can buy in for thousands of dollars at a table in the U.S.A. without any real examination of the notes.

In the aforementioned NagaWorld casino in Phnom Penh, they have some sort of high tech scanner in the cages which counts and checks notes very quickly. It's about the size of four shoe boxes.
AlanMendelson
AlanMendelson
  • Threads: 167
  • Posts: 5937
Joined: Oct 5, 2011
May 23rd, 2013 at 7:02:26 PM permalink
NokTang... any of our brand new $100 bills circulating there yet?
Hunterhill
Hunterhill
  • Threads: 53
  • Posts: 2145
Joined: Aug 1, 2011
May 23rd, 2013 at 7:05:30 PM permalink
Quote: NokTang

Here in Asia, we have a lot, a real real lot, of counterfeit $100.usd notes. I'm often surprised at how easily a person can buy in for thousands of dollars at a table in the U.S.A. without any real examination of the notes.

In the aforementioned NagaWorld casino in Phnom Penh, they have some sort of high tech scanner in the cages which counts and checks notes very quickly. It's about the size of four shoe boxes.

They are also very picky about accepting bills with any marks on them,even the slightest ink mark and many merchants won`t accept them.
The mountain is tall but grass grows on top of the mountain.
NokTang
NokTang
  • Threads: 56
  • Posts: 1314
Joined: Aug 15, 2011
May 23rd, 2013 at 7:32:18 PM permalink
Quote: AlanMendelson

NokTang... any of our brand new $100 bills circulating there yet?



Hello. I feel honored....I'm in Thailand where we use the Baht. My last visit to Cambodia, where the U.S.Dollar is used, I didn't see any of the new bills. I was there in March, in the major casino resort and also at a bank getting some cash on my VISA Debit card from the USA. Not paid in new style of $100.usd either place. I've never held one of the new bills, only seen them on the internet etc.. As the other member added, when changing for local currency at an exchange or bank, they won't accept torn or dated or marked(ink) bills.

The "rumor"s of the Iranians producing some "super bills" have faded. While it may have been true it doesn't seem to be the current rumor.
NokTang
NokTang
  • Threads: 56
  • Posts: 1314
Joined: Aug 15, 2011
May 23rd, 2013 at 7:38:20 PM permalink
Quote: NokTang


In the aforementioned NagaWorld casino in Phnom Penh, they have some sort of high tech scanner in the cages which counts and checks notes very quickly. It's about the size of four shoe boxes.



Quickly means about 1/4 speed of a straight bill counter. Actually, I'm estimating based on memory but suffice to say, this scanner was fast enough not to worry or complain about. I was flirting with the cashiers more than concern for the bills as I had just been paid with them from said cage who certainly scanned them prior to my arrival. I say "cashiers" because there were and are at least four people(always female and young) watching each transaction especially when a western foreigner is involved and they are "curious" about him. I'm digressing and just took my Cialis. Outside I go. Gidday.
Mikey75
Mikey75
  • Threads: 49
  • Posts: 639
Joined: Mar 1, 2013
May 23rd, 2013 at 10:02:26 PM permalink
The Total Rewards casinos in Tunica are running a millionaire in a day promotion. Every Saturday they draw a million dollar winner. They advertise if you are there when they draw that you will recieve one million in cash. If your not there they will contact you and send you a check.
Ayecarumba
Ayecarumba
  • Threads: 236
  • Posts: 6763
Joined: Nov 17, 2009
May 23rd, 2013 at 11:27:29 PM permalink
Quote: AlanMendelson

Let me ask this: if there is no Federal Reserve Branch bank in Vegas, how do they get the money in?

When I got a payoff on a $20K royal, they gave me two packs of $100 bills with a wrapper from the Federal Reserve Bank. I asked at the cage about this and they said thats how they get the money from their bank. But is the money flown in, trucked in, or is there a secret underground tunnel that runs through Area 51 for the cash shipments? :-)



I'm pretty sure no one is going to tell you with certainty how the cash is transported. However, my guess is an armored cargo container pulled by a semi. Air shipment is pretty expensive, so I doubt it would come through the airport. It could also come to Las Vegas by train. The Fed has a branch office in Salt Lake City, so it's not that far by highway or rail.

(Edit: Keith E. Smith, President and CEO of Boyd Gaming, is Chairman of the Los Angeles Branch of the Federal Reserve Board of Directors. I'll bet he would know...)

I would not be surprised if the larger casinos had specialized, secured transfer areas for armored cars to pickup and drop off the cash, so maybe a, "secret tunnel" is not so far off...

I do get nervous when I see the security guards with their holsters unbuckled, hand at the ready, walking through the casino with the, "cart-o-money". Do they acually plan to shoot it out with robbers in a casino with innocent bystanders all over the place?
Simplicity is the ultimate sophistication - Leonardo da Vinci
AlanMendelson
AlanMendelson
  • Threads: 167
  • Posts: 5937
Joined: Oct 5, 2011
May 24th, 2013 at 12:31:44 AM permalink
Quote: NokTang

I didn't see any of the new bills.



I was joking with you. The new $100 bills won't be released until October 8th. But one of the problems facing the US Treasury now is that they are afraid of counterfeits that will resemble the new bills will start circulating and people won't know the difference.

I've been writing on the new money on my website, here: http://www.alanbestbuys.com/id239.html

Nice to meet you Noktang.
AlanMendelson
AlanMendelson
  • Threads: 167
  • Posts: 5937
Joined: Oct 5, 2011
May 24th, 2013 at 12:52:23 AM permalink
Quote: Ayecarumba

I do get nervous when I see the security guards with their holsters unbuckled, hand at the ready, walking through the casino with the, "cart-o-money". Do they acually plan to shoot it out with robbers in a casino with innocent bystanders all over the place?



It's funny that you say this... in my 35+ years of being in the news business, I covered too many heists where bystanders were accidentally shot because someone tried to rob a cash delivery at a store.

So I have a rule never to go near a business or bank with an armored car. I am sure that the casinos get their cash deliveries "in the back" where other deliveries are made. But one time I was at Circus Circus when an armored truck was at the front door, guns drawn, and they were taking the cash in. It made me nervous.

I know that a "rule" for the casinos is to let robbers take the cash and not risk a shootout where a patron could get hit by gunfire. Makes perfect sense for me. A lawsuit would cost a lot more than what any robber could steal.
Mission146
Mission146
  • Threads: 142
  • Posts: 16832
Joined: May 15, 2012
May 24th, 2013 at 5:59:04 AM permalink
I actually asked about this in one of the parlors in WV, because I'd always assumed that casinos would have the cash on hand to cover any win that was not specifically stated to be some kind of annuity. The parlors interested me because the license to operate such a parlor in WV only allows the license holder to have five machines within the establishment, more machines require a separate license with a separate building (or the same building, but is divided in such a way such that each area has its own entrance/exit and the two areas are not connected).

In any case, many of these places are small, they have free coffee/cappuccino and small free snacks, $1.00-$1.50 beer, some serve food and some don't. Some have couches with a big screen TV and some don't. Some have multiple rooms and others don't. I noticed that one of the games, with Max Bet, would pay $10,000 on the best possible result and asked if they had that kind of cash on hand. The lady there said that technically they are supposed to have the cash on hand to cover that win at all times, but that she would call the owner in the event of that kind of win and that the owner would be there with the cash in about fifteen minutes. According to her, they start the day there with about 5K in the safe.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
Jimbo
Jimbo
  • Threads: 5
  • Posts: 158
Joined: Mar 11, 2013
May 24th, 2013 at 6:41:57 AM permalink
Quote: Wizard

As I recall, at the Palms they would only pay the winning portion by check, and returned the original wagers in cash. At the Bellagio they paid the full way by check.

For large video poker jackpots, like $20,000 or more, you can request a check. I've done this a few times.

The payments by check for large wins at slots or other electronic machines are reasonable and, I think, common. Playing slots or video poker is not an activity that would lend itself to efficient money laundering activity.

I am surprised that Bellagio paid the full amount by check without deducting the original buy-in or wagers in cash.

I suppose there can be many exceptions and there may have been other contributing circumstances in this instance where the casino felt justified in paying you the full amount by check. (Maybe they know you, Wizard, as an honest person!?)

Casinos have been put in the unenviable and unwanted position of having to be the "enforcement arm" of the IRS and the Treasury Dept. (Heck, there is even a special CTR form just for casinos.) Because of the vast amounts of cash being handled by casinos, and through years of expanded regulation to crack down on tax fraud, combat drugs and money laundering and in the post 9/11 world with terrorist financing, the casinos are now faced with fines and punishment if they fail to do what is required of them to document and handle the cash properly.

In my experience, the casinos do not err on the side of the patron by overlooking any of these regulations.

Consequently, that is why I am a little surprised that Bellagio did what they did. Then again, I don't work for a casino and I am not fully aware of all the rules and procedures.

By the way, Wizard, congratulations on those large wins!
1arrowheaddr
1arrowheaddr
  • Threads: 14
  • Posts: 297
Joined: Jun 20, 2012
May 24th, 2013 at 6:56:05 AM permalink
Why didn't Ivey take his £7 million in cash if casinos are required to pay in cash if requested. I would never want to take a check or wire transfer from a casino if I thought there was any chance my play would be reviewed and potentially questioned.
Ayecarumba
Ayecarumba
  • Threads: 236
  • Posts: 6763
Joined: Nov 17, 2009
May 24th, 2013 at 8:21:46 AM permalink
Quote: 1arrowheaddr

Why didn't Ivey take his £7 million in cash if casinos are required to pay in cash if requested. I would never want to take a check or wire transfer from a casino if I thought there was any chance my play would be reviewed and potentially questioned.



What would he do with it? Check it as luggage on his flight back to the United States? That's a hundred pounds of Pounds (maybe not, but you get my point).

Folks have been followed home from casinos and held up for much less.
Simplicity is the ultimate sophistication - Leonardo da Vinci
Maverick17
Maverick17
  • Threads: 17
  • Posts: 323
Joined: Mar 4, 2011
May 24th, 2013 at 3:55:38 PM permalink
Quote: Wizard

The casino policy is they don't want to be accused of money laundering. So, if you present cash, and win, they are not going to launder the original principle into a check or bank wire. Then again, I bet with cash at the Bellagio and they paid the full value of the Super Bowl tickets by check, which surprised me. Since 9/11 the casinos are very firm that they are not to be used as banks.



Makes sense.
Statistics don't lie, they deceive.
JW17
JW17
  • Threads: 8
  • Posts: 344
Joined: Dec 30, 2011
May 24th, 2013 at 6:13:23 PM permalink
Quote: AlanMendelson



But one time I was at Circus Circus when an armored truck was at the front door, guns drawn, and they were taking the cash in. It made me nervous.

I know that a "rule" for the casinos is to let robbers take the cash and not risk a shootout where a patron could get hit by gunfire. Makes perfect sense for me. A lawsuit would cost a lot more than what any robber could steal.



It may be a rule for the casino's to let the robber take the money, and I do believe it is a rule for the vendor, such as loomis, to let the robber take the money But those loomis guys only make 12-15 bucks an hour, and if they want to be a hero, what is stopping them, THAT makes me nervous.
AlanMendelson
AlanMendelson
  • Threads: 167
  • Posts: 5937
Joined: Oct 5, 2011
May 24th, 2013 at 7:16:03 PM permalink
Quote: JW17

It may be a rule for the casino's to let the robber take the money, and I do believe it is a rule for the vendor, such as loomis, to let the robber take the money But those loomis guys only make 12-15 bucks an hour, and if they want to be a hero, what is stopping them, THAT makes me nervous.



I have a story for you:

About seven years ago I am at a Bank of America in the Wilshire District of downtown LA, it is shortly after the 6pm closing time and I am at a drive thru ATM about to put my card in the machine when an armored car pulls up and three guys jump out -- one of whom has his handgun DRAWN and comes over to the girl at the drive thru next to me and with the gun pointing at her orders her to pull away and then he shouts to me to pull away.

Not only was that rude but very dangerous.

So I called 911 and the first thing the dispatcher asked me: "do they look like real armored car personnel or might they be robbing the ATMs?"

I thought that was intriguing. Well, the police were dispatched. But being LA, the armored car guys had emptied the ATMs before the police got there. (Thanks rush hour.)

About half a dozen of us filed police reports because IT IS AGAINST THE LAW for them to have their guns drawn and point their guns at patrons. (I didnt know that.)

In the end, the employee was suspended, but the police could not prosecute (and they wanted to) because three of the other witnesses turned out to be undocumented and feared being deported even though they were assured they would not be.
Face
Administrator
Face
  • Threads: 49
  • Posts: 4448
Joined: Dec 27, 2010
May 24th, 2013 at 7:22:49 PM permalink
Quote: AlanMendelson

I have a story for you:



Wait. So they were actual A/C guards? Employees of a bank? Employees of a bank drawing weapons? Employees of a bank, drawing weapons and pointing them at innocent people for no reason?

Damn right that's against the law. And they're damn lucky they didn't get shot for it.
The opinions of this moderator are for entertainment purposes only.
SONBP2
SONBP2
  • Threads: 88
  • Posts: 289
Joined: Nov 17, 2009
May 24th, 2013 at 7:29:58 PM permalink
When I was at the Rio for the Kentucky Derby a guy hit the $1 Superfecta for around $24,000. He asked if they could issue him a check and they told him "no." He replied he didn't want to carry that much cash around and was also concerned he might blow a large portion of it. The ticket writer, stated they could hold it at the cage, but they could not give him a check. The guy honestly seemed pretty concerned about what to do with that amount of cash.
JW17
JW17
  • Threads: 8
  • Posts: 344
Joined: Dec 30, 2011
May 24th, 2013 at 8:04:50 PM permalink
Quote: Face

Wait. So they were actual A/C guards? Employees of a bank? Employees of a bank drawing weapons? Employees of a bank, drawing weapons and pointing them at innocent people for no reason?

Damn right that's against the law. And they're damn lucky they didn't get shot for it.



I don't know of a bank that has their own courier service. I would guess it was a contracted service
Face
Administrator
Face
  • Threads: 49
  • Posts: 4448
Joined: Dec 27, 2010
May 24th, 2013 at 8:47:04 PM permalink
Quote: JW17


I don't know of a bank that has their own courier service. I would guess it was a contracted service



Lol, yeah, sorry. Just me talking in generalities again. Of course a bank uses Loomis or whatever, so not technically "employees of XXX Bank".

But still. I don't care who you are, public or private, citizen or government, you don't pull weapons without reason, and you sure as hell don't cover someone without intending to kill them.

That is all, and I'll stop now. I don't need to turn this into a gun debate when I already have a section for that. As you were...
The opinions of this moderator are for entertainment purposes only.
pacomartin
pacomartin
  • Threads: 649
  • Posts: 7895
Joined: Jan 14, 2010
May 25th, 2013 at 7:53:44 AM permalink
Quote: Ayecarumba

What would he do with it? Check it as luggage on his flight back to the United States? That's a hundred pounds of Pounds (maybe not, but you get my point).



It should weigh over 300 pounds. Presumably you would add another 100 pounds for the armored case to carry it in. Fortunately, he can easily afford the excess baggage charge.

As to people passing off fake $100 banknotes when the new ones are introduced in October, the introduction of new currency in any country is always the time when counterfeiters strike hard. The government will try to circulate brochures to make people aware of the anti-counterfeiting devices in the new bills.

There may also be a major campaign by North Korea this summer or fall. Their existing equipment will soon be obsolete. The passing of large numbers of fake bills will serve a double purpose. Not only will they get some money, but ultimately they can create a scare. Since it will take the BEP years to print enough new color $100 banknotes to replace the entire existing supply, if North Korea can start a panic (especially overseas) they will accomplish a political goal.
FleaStiff
FleaStiff
  • Threads: 265
  • Posts: 14484
Joined: Oct 19, 2009
May 25th, 2013 at 12:10:21 PM permalink
Quote: AlanMendelson

I know that a "rule" for the casinos is to let robbers take the cash and not risk a shootout where a patron could get hit by gunfire. Makes perfect sense for me. A lawsuit would cost a lot more than what any robber could steal.

That might be a nice rule and perhaps it should exist but I don't think it does. When there have been shootouts inside a casino most guards couldn't hit anything they aimed at and one casino decided to take their guns away from them and go 100 percent Rent A Cop.

The rules vary in public areas and in the basement. Anyone down in the money areas has to deal with man traps and the guards have orders to shoot. Doors are rarely marked. Entry can be to a glass-walled trap that won't open until the entry way door is shut. Even where corridors are wide to accommodate the old hard count dollies, its often a long corridor with only two ends to it and nowhere to hide in the middle.

Armored truck personnel work for Pittston, not the casinos. Armored car arrivals are scheduled in advance and all paper work checking is done well away from the truck. Escorts are pre-arranged. Any collection of Drop Boxes is by rigid schedule... two minutes over or under and the entire crew will be filling out paperwork for the rest of the shift. If the tardy Drop Box collection continues a second night, Gaming will be round to give them some more paperwork and some fines as well. Fills may need to be scheduled on demand but a PB better be able to make such calls with good lead time. That security guard escorting the Fill Cart ain't no kindly old guy called "Pops".... he is well trained and that shotgun is real. His stance and demeanor is such that he hopes to never prove to anyone just how real it is. The casino does not want lawsuits, but it does not want to become a patsy either and for every small time crook in Vegas to start dreaming big.
Entirele
Entirele
  • Threads: 0
  • Posts: 41
Joined: Oct 28, 2015
November 10th, 2015 at 3:55:20 AM permalink
Don`t know exactly as I`m a great fond of slot games n casinos and the last won was about $30 and I couls withdraw them from [link removed]site :D:D But it`s a very small amount comparing to what you`re asking about. Generally I` didn`t won in casino more than $1800 (don`t remember the exact sum).. And this one I won i another casino and not in slots, but also I could withdraw it fast..
“Well-behaved women seldom make history.” ― Laurel Thatcher Ulrich
Kentry
Kentry
  • Threads: 27
  • Posts: 384
Joined: Oct 14, 2015
November 12th, 2015 at 3:05:28 AM permalink
To me, getting your winnings all in cash is not only asking for trouble, it's downright begging for it. Anybody can mug you for your winnings if they see you have that much cash on you. A guard can escort you to your car, but that doesn't stop a scumbag from following you home in their car and mugging you at your house(like what happened to an unlucky man a while ago)

I love how a woman won $24,000 on a lucky spin, and the first thing out of her mouth was, "Please give me my winnings in a check." Smart woman. :D
coilman
coilman
  • Threads: 139
  • Posts: 1159
Joined: Jan 29, 2012
November 12th, 2015 at 5:03:13 AM permalink
Quote: AlanMendelson



When I got a payoff on a $20K royal, they gave me two packs of $100 bills with a wrapper from the Federal Reserve Bank.



I am told that at Caesars Windsor the big rollers like you can get paid in cash if they want. Also that $20,000 win would fit in your wallet easy as they have a good supply of $1000 bills still



http://news.nationalpost.com/news/canada/the-hunt-for-canadas-1000-bills-there-are-nearly-a-million-left-most-in-the-hands-of-criminal-elites
zoobrew
zoobrew
  • Threads: 13
  • Posts: 309
Joined: Jan 12, 2015
November 12th, 2015 at 5:28:45 AM permalink
Quote: coilman

I am told that at Caesars Windsor the big rollers like you can get paid in cash if they want. Also that $20,000 win would fit in your wallet easy as they have a good supply of $1000 bills still



http://news.nationalpost.com/news/canada/the-hunt-for-canadas-1000-bills-there-are-nearly-a-million-left-most-in-the-hands-of-criminal-elites


I wonder if that includes their US big rollers as crossing the border with large amounts of cash could cause other issues.
coilman
coilman
  • Threads: 139
  • Posts: 1159
Joined: Jan 29, 2012
November 12th, 2015 at 10:33:28 AM permalink
Quote: zoobrew

Quote: coilman

I am told that at Caesars Windsor the big rollers like you can get paid in cash if they want. Also that $20,000 win would fit in your wallet easy as they have a good supply of $1000 bills still



http://news.nationalpost.com/news/canada/the-hunt-for-canadas-1000-bills-there-are-nearly-a-million-left-most-in-the-hands-of-criminal-elites


I wonder if that includes their US big rollers as crossing the border with large amounts of cash could cause other issues.



Sure it would.... not sure if the casino is required to report when Americans hit large at the casino to any US authorities ....it is the gambler that has to advise customs if they are bringing in over $10,000 US
rsactuary
rsactuary
  • Threads: 29
  • Posts: 2315
Joined: Sep 6, 2014
November 12th, 2015 at 10:49:07 AM permalink
I hit a $1 Royal for $8172 at the Cal and asked for a check, and they obliged without any question.
  • Jump to: