sc15
sc15
Joined: Sep 28, 2014
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March 4th, 2015 at 8:00:41 PM permalink
Quote: Baccaratfrom79

I have never had any problems. I sleep good and it is mine. I lose, there is nothing to pay back. I win, it is mine, thanks no markers please, give me my cash. Strapped and please sign it. Take to another casino and deposit. Takes less time than repaying markers and signing and re-signing, etc. Whatever your comfortable with, but its like auto loans also. I don't do it. I pay for what I have. I don't have to pay anything at the end of the month except for utilities and insurances, less worry and no pressure. I don't play unless I pay. I don't ride unless I own it. It's cleaner and better for me anyways. Some don't see it that way and a lot don't live like that.



Well I treat casino credit like how you're supposed to. As a convenience (which it is, very much so). Any time I sign a marker I have the cash in a box somewhere to cover it. I almost always win so I just give the chips back when I'm done playing and pick up the slip of paper.

Markers are only a problem for people if they're dumb enough to sign one they can't afford to pay.
NokTang
NokTang
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March 4th, 2015 at 8:40:39 PM permalink
Quote: sc15


Markers are only a problem for people if they're dumb enough to sign one they can't afford to pay.



It takes two to tango. Casino's give credit to high risk patrons all the time. It is also my understanding that said markers aren't checks...they are promissory notes at best and as such, can't be used to charge someone with issuing a bad check. The consideration isn't immediate and often as many of you know, the casino agrees to hold the marker for a week or month, making it again an account, not a bad check. Government authorities aren't in the business of collecting the bad debts of casino's.
NokTang
NokTang
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March 4th, 2015 at 8:47:20 PM permalink
Quote: sc15

and they did no additional due diligence to make sure that I had the money to pay it (if they did they would've rejected it since the account I gave them doesn't have much money in it).



I was once, fifteen or so years ago, with a friend at the Trump Castle in AC. He asked for a marker as had "credit" with said casino. They asked him to see the credit department where they advised him he had an outstanding marker unpaid in the Bahamas. The casino in the Bahamas was in no way related to the Trump outfit. So your idea there is no due diligence may be in error. This was over a decade ago. I'm sure it's more up to date and in fact, exercised with more diligence these days with the invention of the internet etc.. I doubt you could go around Las Vegas and run up debts are various casino's without them knowing about it, especially but not limited to you doing it and cashing out the chips vs. losing. These aren't complete idiots running said establishments.
sc15
sc15
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March 4th, 2015 at 8:54:44 PM permalink
Quote: NokTang

It takes two to tango. Casino's give credit to high risk patrons all the time. It is also my understanding that said markers aren't checks...they are promissory notes at best and as such, can't be used to charge someone with issuing a bad check. The consideration isn't immediate and often as many of you know, the casino agrees to hold the marker for a week or month, making it again an account, not a bad check. Government authorities aren't in the business of collecting the bad debts of casino's.



In 49 states, this is true.

In nevada, a marker is the equivalent of a check, and the government authorities are in big business collecting bad debts of casinos.

The DA's office gets 10% of bad debts collected as a fee to "offset the costs" of the DA's office.
sc15
sc15
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March 4th, 2015 at 8:59:39 PM permalink
Quote: NokTang

I was once, fifteen or so years ago, with a friend at the Trump Castle in AC. He asked for a marker as had "credit" with said casino. They asked him to see the credit department where they advised him he had an outstanding marker unpaid in the Bahamas. The casino in the Bahamas was in no way related to the Trump outfit. So your idea there is no due diligence may be in error. This was over a decade ago. I'm sure it's more up to date and in fact, exercised with more diligence these days with the invention of the internet etc.. I doubt you could go around Las Vegas and run up debts are various casino's without them knowing about it, especially but not limited to you doing it and cashing out the chips vs. losing. These aren't complete idiots running said establishments.



Yes, if you stiff a casino they report to central credit and every other casino will know about it. Despite that, I've heard of stories of people being granted credit even though they've defaulted on a marker to another casino. The fact that most of the time marker money never leaves the building, makes lousy high risk loans worthwhile.

What I'm saying is, after the initial check, there's very little, if any due diligence. I've personally received (and still have) credit lines in excess of my bank account balance tied to the credit line. I have the cash to pay those lines, but the casino has no way of knowing that. Every time I lose my credit line at a place, the casino without fail gives me more when I ask for it.
NokTang
NokTang
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March 4th, 2015 at 9:04:18 PM permalink
Quote: sc15

In 49 states, this is true.

In nevada, a marker is the equivalent of a check, and the government authorities are in big business collecting bad debts of casinos.

The DA's office gets 10% of bad debts collected as a fee to "offset the costs" of the DA's office.



I won't argue with you. It's a matter for the courts and home field has its advantages. For the government to issue threats of criminal prosecution if you don't pay your casino debts seems a bit out of place and I will maintain that if the party, said casino, agreed to hold the check for any period of time it would become a debt as consideration no longer immediate(if it ever was due to chips not being cash or goods or services). Laws change so I guess I'm out of the loop.
rudeboyoi
rudeboyoi
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March 4th, 2015 at 9:05:08 PM permalink
Fine example of corporatism at work here. Corporations (the casinos in this instance) and government working hand in hand. If you realize that's how this country operates it's not a far stretch to see this country is fascist. Throw in a heavy military presence and some propaganda promoting national pride you have fascism.
NokTang
NokTang
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March 4th, 2015 at 9:17:53 PM permalink
Quote: rudeboyoi

Fine example of corporatism at work here. Corporations (the casinos in this instance) and government working hand in hand. If you realize that's how this country operates it's not a far stretch to see this country is fascist. Throw in a heavy military presence and some propaganda promoting national pride you have fascism.



Not to get off topic, but would you consider the police "heavy" government presence? Seeing them shoot that homeless man in L.A. the other day got me thinking twice about moving back. Five officers can't control one homeless man so shoot him to death.
Baccaratfrom79
Baccaratfrom79
Joined: Jan 12, 2015
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March 4th, 2015 at 9:21:44 PM permalink
Quote: NokTang

It takes two to tango. Casino's give credit to high risk patrons all the time. It is also my understanding that said markers aren't checks...they are promissory notes at best and as such, can't be used to charge someone with issuing a bad check. The consideration isn't immediate and often as many of you know, the casino agrees to hold the marker for a week or month, making it again an account, not a bad check. Government authorities aren't in the business of collecting the bad debts of casino's.



Think again. Google the District Attorney's office in LV and read. If you don't do markers skip it, if you and don't pay, read. Simple. It is a crime and they do prosecute and extradite. They started that a few years ago. Period.
Bac79=Hazardous Material and Chemical person correcting other's mistakes. Non AP'er, I can't count cards, low intelligence. Sprinkles magical dust on the cards. Has a lucky monkey. Baby also has a green one. Sum it up: "It's okay just blame me, it's all my fault"! ( No one believes me--so I chose to stop posting)
rudeboyoi
rudeboyoi
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March 4th, 2015 at 9:25:13 PM permalink
Quote: NokTang

Not to get off topic, but would you consider the police "heavy" government presence? Seeing them shoot that homeless man in L.A. the other day got me thinking twice about moving back. Five officers can't control one homeless man so shoot him to death.



Absolutely. Especially now that they have military grade weaponry at their disposal. The NYPD is the 7th largest army in the world. Then there's also the TSA, DHS, NSA, FBI, CIA, etc. Those federal agencies would be akin to the SS of Nazi germany. Originally the SS were the police of their government but then were brought into performing military operations.

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