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jjjoooggg
jjjoooggg
Joined: Jul 13, 2012
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October 25th, 2021 at 10:01:52 PM permalink
Quote: ChumpChange

I was in a cash-out line at closing time and several people had loads of big money chips in their hands. The cashier was asking for a Player's Card or an ID if the cash-out amount was over a certain amount. What that amount is, I don't know. But $3700 sure made one foreign person with no Player's Card have to show a DL. $100, they don't ask. So that limit could be anywhere between $100-$3700. For sure they enter your cash-out in the computer for a daily CTR. I'd expect the limit to be $2500 or $3K, but people were so flush with cash, maybe the limit is lower.
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A cage, on the vegas strip, asked for id. I cashed i think 2k. They knew that i was a card counter quickly in vegas. I really wasnt cautious enough.

I didnt follow counter surveilance protocol well. Avg profit per day was 250. With about 5 hours of play per day. Based after 1 thousand hours of play.

I would still be card counting. But the family business was losing 1k per day. Outsourced maintenance alone was 1k per day. Internal theft was somewhere between 500 to 1k per day. Partly, in raw meat theft, free food and cash. Also, i replaced mowing service for 10 acres. A renter is paying 58 cents per sq ft for 12,500 ft of climate controlled office space. After parents pass, Im evicting them. I loaned the business from my personal acct 600k to cover some of the losses. I recovered 3/4 back.
Last edited by: jjjoooggg on Oct 25, 2021
Born in Texas and lived in Texas my whole life.
melisabernts
melisabernts
Joined: Oct 11, 2021
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October 25th, 2021 at 11:49:28 PM permalink
I have also heard about money laundering schemes using the gaming business. I think it's just hard to keep track of money when somebody win. In addition, in many countries such winnings are not taxed.
MDawg
MDawg
Joined: Sep 27, 2018
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October 29th, 2021 at 9:20:21 PM permalink
Had a situation, not exactly just now, but recently, where I won some, held on to the chips,
then had a loss, paid it off in cash,
kept playing, won,
(all this over a period of days)
and when it came time to get a winning check, the casino balked at how many five thousand dollars chips I had. Said that the computer showed me winning only x amount, which basically was the sum of all I had in chips minus the cash I paid off against the loss along the way.

Try as I might, couldn't convince the casino to issue me a check for all of my chips - only for the net win that the casino had down on their system for the trip.

And that's how strict they are these days, notwithstanding some cob webbed recollections of yesteryear and musings that checks are available without winning.
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
MDawg
MDawg
Joined: Sep 27, 2018
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November 1st, 2021 at 9:48:41 AM permalink
You can't use PhotoShop to redact serial numbers off currency. Other apps don't seem to care but PS does.

I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
mariabruno
mariabruno
Joined: Nov 1, 2021
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November 1st, 2021 at 11:57:26 AM permalink
Thank you for the information. Very helpful.
mosss45
mosss45
Joined: Sep 5, 2021
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November 3rd, 2021 at 8:23:37 AM permalink
Totally agree with you. Personally, in my state, income from the gaming business is taxed, so even if I win at 1974 world series of poker, I always indicate my income. I don't want to have any problems with the tax. Better to be a law-abiding citizen.

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