Wizard
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Wizard
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November 23rd, 2021 at 7:03:15 PM permalink
Quote: Viper21

Not sure if it was mentioned already but there are casinos currently offering a premium if you bring in change. Not saying that confirms there is a shortage. Also most if not all the casinos I visit have a donation option on their atms for the remaining change on your tito to some random charities.
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Are any Vegas casinos offering this? I have about $1,000 in change.
It's not whether you win or lose; it's whether or not you had a good bet.
ChesterDog
ChesterDog
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November 23rd, 2021 at 7:23:20 PM permalink
Quote: Wizard

Quote: 3for3

The Southpoint, and otherwise player friendly casino, doesn't even give you a ticket back. It just rounds down to the nearest dollar.
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Really? Can anyone else confirm this? I normally speak very highly of the South Point, but they would lose some of my respect if they were doing this.
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In Harrah's, Caesars, and Tropicana in Atlantic City, there are signs on the redemption machines about the coin shortage. Many new players don't read the signs and don't know to wait for the receipts for their missing coins, so they think they have been robbed.

Regarding rounding down, for at least a week Borgata was rounding up. For example, a voucher for $4.25 would get $5.00 from a redemption machine in Borgata.
LoquaciousMoFW
LoquaciousMoFW
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November 23rd, 2021 at 8:22:32 PM permalink
Random thought:
When I was a Harrah's LV a while back, they had joined the no coin brigade. And the most obnoxious version - no TITO, but rather the transaction receipt you had to take to the cage. I wonder if the transaction receipt method is exempt from the TITO rule that abandoned tickets got 75% to the state and 25% to casino; could the casino claim 100% of the abandoned ticket, as it is not technically a TITO?
Dieter
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Dieter
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November 23rd, 2021 at 9:00:00 PM permalink
Quote: LoquaciousMoFW

could the casino claim 100% of the abandoned ticket, as it is not technically a TITO?
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(quote trimmed for clarity)

I believe it would still constitute an unredeemed voucher.
May the cards fall in your favor.
mtcards
mtcards
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Thanks for this post from:
AlanMendelson
November 23rd, 2021 at 9:15:17 PM permalink
Consider that in state quarters alone, there was over 1 billion per year produced on average, along with other coins, there is virtually no chance of a coin shortage. That being said, like a lot of things now, an excuse is always made why things cant be like they used to, whether it be the coin shortage, covid, etc, but ironically, all of these things make MORE money for the casino.

The last few times I was at the casino, I was picking up all the "extra change" tickets that people leave around the redemption kiosks and on average, I picked up over $20 per day, just doing it when I was redeeming my tickets. I actually believe that you could be a full time vulture and make over $100 per day at the casino without a sweat.
LoquaciousMoFW
LoquaciousMoFW
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November 23rd, 2021 at 9:36:16 PM permalink
Upon further investigation, I believe that avoiding payment to the state is the reason for issuing receipts rather than TITO tickets for <$1.00.

For the amount to be paid to the state, it must be on a "wagering voucher". What constitutes a wagering voucher is set forth in NRS §463.369, and further defined in NGCB regulation 1.190 as
Quote:

“Wagering voucher” means a printed wagering instrument, or
digital representation thereof, used in a cashless wagering system, that has a fixed dollar wagering value
and is redeemable for cash or cash equivalents.

[Emphasis added]
So, I imagine the casino's position is that since the receipt cannot be used in the TITO system, it is not a "wagering voucher" under Nevada regulations, and thus not subject to the payment to the state under the expired voucher NGCB Regulation 6.110(11) that specifies 75% of expired "wagering vouchers" will be transferred to the state.

It's a crappy customer unfriendly move, but I'd wager that the casino is correct.
EDIT: Also it saves administrative overhead, as uncashed "wagering vouchers" must be tracked under the Regulations, and I bet the number of uncashed wagering vouchers would explode if they issued them for sub-dollar amounts. Yes, it would mostly be handled by computer reports, but it would just be another thing to go wrong and get in trouble with the Board.
Dieter
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Dieter
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November 23rd, 2021 at 9:40:47 PM permalink
Thanks for digging into it, LoquaciousMofW.

I'm happy to stand corrected and better informed on the matter.
May the cards fall in your favor.
JohnnyQ
JohnnyQ
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November 24th, 2021 at 4:45:28 AM permalink
Quote: mtcards

Consider that in state quarters alone, there was over 1 billion per year produced on average, along with other coins, there is virtually no chance of a coin shortage.

And a quick internet search comes up with this:

https://www.federalreserve.gov/faqs/why-do-us-coins-seem-to-be-in-short-supply-coin-shortage.htm



Anyhows, I think Citizen Wizard should put his $1k worth back into circulation, OR at least some of it. Like I said in an earlier post, I used Coinstar's feature to get a voucher to Lowe's Hardware store to avoid any commission.

That's easier imho than trying to find a bank that doesn't require the coins to be counted and rolled/wrapped.
Like the castle in its corner In a medieval game; I foresee terrible trouble And I stay here just the same
SOOPOO
SOOPOO
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November 24th, 2021 at 5:39:30 AM permalink
Quote: JohnnyQ

Quote: mtcards

Consider that in state quarters alone, there was over 1 billion per year produced on average, along with other coins, there is virtually no chance of a coin shortage.

And a quick internet search comes up with this:

https://www.federalreserve.gov/faqs/why-do-us-coins-seem-to-be-in-short-supply-coin-shortage.htm



Anyhows, I think Citizen Wizard should put his $1k worth back into circulation, OR at least some of it. Like I said in an earlier post, I used Coinstar's feature to get a voucher to Lowe's Hardware store to avoid any commission.

That's easier imho than trying to find a bank that doesn't require the coins to be counted and rolled/wrapped.
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My bank will accept my loose coins and count them for me because of my ‘select customer status’.

Wegmans Coinstar will also do it for free if you accept a Wegman’s voucher. So plenty of options for me. I think I’m going to do it today! I’m guessing $200? We shall see!
Last edited by: SOOPOO on Nov 24, 2021
JohnnyQ
JohnnyQ
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November 24th, 2021 at 6:51:25 AM permalink
Citizen Soopoo:

America thanks you !

- JohnnyQ ( aka Jerome Powell )
Like the castle in its corner In a medieval game; I foresee terrible trouble And I stay here just the same

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