JeffR
JeffR
Joined: Jun 7, 2013
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March 15th, 2014 at 7:55:32 AM permalink
Just curious why casinos under the same parent company don't allow you to open just one credit / front money account for use at all properties. They have a player's club that works, surely they can create the shared credit/front money account!

It's 2014 after all!
rdw4potus
rdw4potus
Joined: Mar 11, 2010
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March 15th, 2014 at 9:01:29 AM permalink
But there's a delay before the players club info is updated across all properties (points I earn at Bally's are recognized at Harrah's about 2 hours later...). That doesn't/can't work when money is on the line. Based on the timing of the point updates, you could withdraw the same funds at 3-5 properties in Vegas or AC before they realized that the funds weren't actually available.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
JeffR
JeffR
Joined: Jun 7, 2013
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March 15th, 2014 at 9:06:21 AM permalink
Quote: rdw4potus

But there's a delay before the players club info is updated across all properties (points I earn at Bally's are recognized at Harrah's about 2 hours later...). That doesn't/can't work when money is on the line. Based on the timing of the point updates, you could withdraw the same funds at 3-5 properties in Vegas or AC before they realized that the funds weren't actually available.



I acknowledge that's an issue but then again, it's 2014. The technology exists to easily make this happen without the issue you mentioned.
AcesAndEights
AcesAndEights
Joined: Jan 5, 2012
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March 15th, 2014 at 1:55:11 PM permalink
When I went to apply for credit, I was surprised that there wasn't just one form for all CET Vegas properties (same with MGM). You had to fill out a separate application for every casino at which you wanted to be extended credit...
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
geoff
geoff
Joined: Feb 19, 2014
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March 15th, 2014 at 1:59:29 PM permalink
I'm guessing it's due to regionalism. While the same company owns the individual casinos those casinos still have their own bosses and staff and their own quotas to meet. Making the credit line available via players club would be the best way (I would probably do it), but there would be resistance from the individual places.
FleaStiff
FleaStiff
Joined: Oct 19, 2009
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March 15th, 2014 at 2:18:16 PM permalink
They don't want you signing for money and then going elsewhere with it, even if its one of their own properties. They watch you and they want to see you taking those funds and putting them at risk before you sign for more either there or elsewhere. That is one reason that if you are on a junket or an airfare reimbursement... you are expected to "mention" to your host that you will be leaving the property to go to a different casino for a brief social engagement with an old friend.
rdw4potus
rdw4potus
Joined: Mar 11, 2010
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March 15th, 2014 at 2:19:54 PM permalink
Who actually grants the extension of credit? Is it MGM International? Or is it Ridiculous Holding Company DBA Aria Shell Company of Doom TA Aria Resort and Casino? If each casino is responsible for its own P&L as a wholly owned sub, then each casino would also be responsible for its own A/R and extended lines of credit. I'd imagine Excalibur and Bellagio probaby have different criteria for credit extension, line limits, etc.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett

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