Front money at Paris
Thanks
LPB
Quote: LowPingBoyHeading out this weekend following CES. Staying at Paris but expect that I'll visit other associated properties - Plant Hollywood, Rio, Caesars, etc. I generally put front money in the cage where I stay. If I did so at Paris could I sign markers at their other properties?
Thanks
LPB
I believe you are going to find the answer is NO. If you have front money in the Paris cage, you need to withdraw it to go play at another CET property.
Even if you have Casino Credit at Paris, it does not count at other CET property.
About the only thing that moves is the chips. You can be playing at paris, and walk over to bally's, and use Paris chips. But if you have higher than reds, they may ask you to go to the cage and convert them. I have seen craps games refuse to take black chips from another CET property at the table
the vagaries of different casino systems despite common ownership would make it too easy for someone to make multiple withdrawals before the computers caught up with him. So casinos usually insist you physically go to the casino that is holding your money and do the marker there.
Quote: RaleighCrapsAbout the only thing that moves is the chips. You can be playing at paris, and walk over to bally's, and use Paris chips. But if you have higher than reds, they may ask you to go to the cage and convert them. I have seen craps games refuse to take black chips from another CET property at the table
I once tried to break down a couple $500 Bally's chips at a Paris craps table and the box man would have none of it, said I had to go to the cage. I got a little pissy with him, which in retrospect I highly regret. There was, obviously, a bit of alcohol involved, being a bachelor party and all.
Quote: vendman1In my experience the policy is inconsistent at best. Both with chips and markers at CET properties. I would just check with the Paris cage.
I will be VERY VERY Surprised if the OP can draw from his marker.
The cheques are a simple matter, since they are really casino cash, payable to bearer.
But drawing out your front money is an accounting transaction. Other CET properties are not tied in to be able to 'view' your Paris account.
The same with your casino credit. If you applied for credit at Paris, they have vetted you and your accounts. But none of the other CET properties have done any leg work that Paris did. Paris vetted you, not CET.
I may turn out to be wrong, but I am 99.5% certain you will not be able to draw front money out of Paris from anywhere other than Paris.
What I do now is deposit money into my separate checking account and withdraw money directly from that account at the cage. This works wonders because CET only requires one blank check and your checking account is accessible at every CET property across the US. Usually the withdrawal limit is 10,000 per five days since the withdrawal takes a couple of days to clear on your checking account. Anyways, once you submit a blank check, you need your ID and your players card to withdraw money from the cage (sort of like a bank teller); best part is there are no FEES!
Good luck!
It is in fact a credit transaction and you do get a few days of float with this method. If you can get approved for a high limit, this can be quite beneficial. It's like being a small-time credit player. I recall one time I made a transaction on I think Friday around 3 P.M. PST, and it didn't post to my bank until Tuesday. (Monday was a holiday).Quote: JamieVWhat I do now is deposit money into my separate checking account and withdraw money directly from that account at the cage. This works wonders because CET only requires one blank check and your checking account is accessible at every CET property across the US. Usually the withdrawal limit is 10,000 per five days since the withdrawal takes a couple of days to clear on your checking account. Anyways, once you submit a blank check, you need your ID and your players card to withdraw money from the cage (sort of like a bank teller); best part is there are no FEES!
Quote: iluvdisco33Front money? Huh? What the heck is that? I may be a low roller in this respect, but more than a few times I've gone to a casino to play with $15000 or a little more. So why would I ever want to give it to the cage anyway, or why would ANYONE do that? What does it accomplish? Am I old fashioned for wanting to keep my cash in my pocket?
There are some people that do not feel comfortable walking around with $15,000 in their pocket. I would be one of those people.
Quote: SOOPOOThere are some people that do not feel comfortable walking around with $15,000 in their pocket. I would be one of those people.
The first time I took over $20,000 cash to the craps table was the last time I took over $10,000 to the craps table. The most I have taken since that first lesson was $9,200.
The lesson wasn't just about the risk of carrying that much cash in your pocket.
It was also about how long it takes to count the money when it's bills compared to chips.
I don't know if it is differnt when you deposit money at a casino's cage. But I would think that they would make the transfer. Same darn cmpany.
And I would just like to add this: you guys are a bunch of high rollers. My credit line is for a couple of thousand. I show up in Vegas with less than $200 cash in my wallet. You guys are talking about ten and fifteen thousand in your pockets? Wow. I thought the idea was to go to Vegas with a little money and bring home a lot of money?
Quote: AlanMendelsonYou guys are talking about ten and fifteen thousand in your pockets? Wow. I thought the idea was to go to Vegas with a little money and bring home a lot of money?
Just to review:
A credit line is fine and dandy but that means the casino is extending credit to you. Twenty K per marker five markers per trip is a standard credit line hurdle in their computers.
A Front Money Account involves the player depositing his own money, this makes markers more accessible since the casino knows your cash is already at the cage. It is a way of traveling to Vegas and traveling about Vegas without worry.
Quote: AlanMendelsonYou guys are talking about ten and fifteen thousand in your pockets? Wow. I thought the idea was to go to Vegas with a little money and bring home a lot of money?
Just to review:
A credit line is fine and dandy but that means the casino is extending credit to you. Twenty K per marker five markers per trip is a standard credit line hurdle in their computers.
A Front Money Account involves the player depositing his own money, this makes markers more accessible since the casino knows your cash is already at the cage. It is a way of traveling to Vegas and traveling about Vegas without worry.
