Oceans 11 rule

In the movie Oceans 11(or one of them), they try having the casino shut down for not having enough cash on hand to pay their liabilities from the floor. It has been mentioned this is what did Binions in and forced them into a desperate situation having to sell off the WSOP.
What is the term for this rule? I am also interested in understanding how this rule affects slot, VP, and table games. Does it influence changing offerings to reduce the amount of cash the casinos would consider wasted? Are there any loop holes for the rule being used, do the bigger chains use one vault all the casinos controlled share?

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I'm reading the book Grandissimo (the author was interviewed on Gambling With an Edge and it sounded interesting), and they talk about how broke Jay Sarno was by opening day in 1968 for Caesar's Palace. They only had $100,000 cash on hand against a full casino with a lot of high rollers and celebrities. They were scared stiff it would go against them, and at first they were in deep kimchi, but the house edge finally kicked in and they made enough to cover the winnings. But the book seemed to make it clear that, had the players won enough that the casino couldn't pay, they would've lost the whole place.

They only have to have enough cash to cover the chips that are out-

I think they also have to have enough to pay any slot jackpots.

This has been talked about here before. The "cash in the vault" thing is movies. They can have cash and cash equivalents in the bank. And IIRC Binions did not sell off the WSOP, the whole place was bought out in part to get it.

The only way I can see it affecting play offerings is at a small casino with a high roller. Suggested reading "Double or Nothing" regarding this.

Quote: AZDuffman

And IIRC Binions did not sell off the WSOP, the whole place was bought out in part to get it.

Yep, the whole Horseshoe brand went to the Evil Empire, along with the WSOP rights.

Before it became Ameristar in Blackhawk, it was a Hilton casino. Actually locally owned and paying Hilton a fee to manage. What a joke. Opened 2 weeks late and had to close early first two weekends because not enough cash on hand.

Lily Belle's, around same time frame, was paying Resorts to manage it. Closed after 3 months and been closed 15-20 years later.
Sharp management. 86's a drunk as a counter. 6 deck shoe game. At the time there was a $5 max bet in Colorado.