Poll

4 votes (12.5%)
5 votes (15.62%)
11 votes (34.37%)
15 votes (46.87%)
5 votes (15.62%)
2 votes (6.25%)
8 votes (25%)
9 votes (28.12%)
2 votes (6.25%)
4 votes (12.5%)

32 members have voted

Wizard
Administrator
Wizard
Joined: Oct 14, 2009
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August 26th, 2020 at 7:29:35 PM permalink
Today I attempted to cash a slot voucher worth $97.50 at a machine. It gave me $97 in paper money and a voucher for $0.50. I took the $0.50 voucher to another machine and it spit it back at me.

Then I attempted to play it off at various video poker machines and they all spit it right back. I then lowered my standards and attempted to play it off in a reeled slot machine but was rebuffed at every turn. Being cheap bastard that I am, I walked it over to the cashier for my money. The man scanned it, but it didn't read. He then explained that it can take "a few minutes" for such tickets to clear. He kept scanning it over and over, but it just wouldn't take.

As he was doing this, I explained I didn't really care about the 50 cents, but wanted to know what was really going on. He said they had a severe coin shortage and the machines couldn't dispense them out. That didn't explain why the slot machines wouldn't take them or this alleged waiting period, but I didn't ask.

However, I did say that I had about $1,000 worth of loose change and asked if they would exchange it for cash. He said "yes," and confirmed it with another cashier.

I think I will return with a lot of loose change, perhaps about $300 worth as a trial run and hope they honor this offer. I made the same offer at the Bank of America about two weeks ago and they said "no."

The question for the poll is what do you think of the coin shortage?
It's not whether you win or lose; it's whether or not you had a good bet.
DRich
DRich
Joined: Jul 6, 2012
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August 26th, 2020 at 7:35:11 PM permalink
Quote: Wizard

Today I attempted to cash a slot voucher worth $97.50 at a machine. It gave me $97 in paper money and a voucher for $0.50. I took the $0.50 voucher to another machine and it spit it back at me.

Then I attempted to play it off at various video poker machines and they all spit it right back. I then lowered my standards and attempted to play it off in a reeled slot machine but was rebuffed at every turn. Being cheap bastard that I am, I walked it over to the cashier for my money. The man scanned it, but it didn't read. He then explained that it can take "a few minutes" for such tickets to clear. He kept scanning it over and over, but it just wouldn't take.

As he was doing this, I explained I didn't really care about the 50 cents, but wanted to know what was really going on. He said they had a severe coin shortage and the machines couldn't dispense them out. That didn't explain why the slot machines wouldn't take them or this alleged waiting period, but I didn't ask.

However, I did say that I had about $1,000 worth of loose change and asked if they would exchange it for cash. He said "yes," and confirmed it with another cashier.

I think I will return with a lot of loose change, perhaps about $300 worth as a trial run and hope they honor this offer. I made the same offer at the Bank of America about two weeks ago and they said "no."

The question for the poll is what do you think of the coin shortage?



Wells Fargo allows me to deposit coins to my checking account but it takes up to 48 hours as they don't count it at the branch.
Living longer does not always infer +EV
ChesterDog
ChesterDog
Joined: Jul 26, 2010
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August 26th, 2020 at 8:17:17 PM permalink
Now, the slot voucher redemption machines in Atlantic City's Harrah's and Bally's print receipts. Several other casinos do, too.

The receipt lists the vouchers and their total, which is called "Amount Requested." The receipt also tells the "Amount Dispensed." At the bottom of the receipt is: "Please take this receipt to Casino Cage to obtain any missing cash. This receipt expires one (1) year from issuance."

I did take one receipt for $0.10 to the Bally's cage, but I'm saving most of the receipts. The receipts don't have bar codes--my cashier said, "Let me see how much this is for." I told her and she paid me.

So far, most players are not taking their receipts from the redemption machines.

By the way, I went to a Popeye's restaurant, today, and the payment policy there was "exact change or card."
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
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August 26th, 2020 at 8:24:14 PM permalink
Quote: Wizard

Today I attempted to cash a slot voucher worth $97.50 at a machine. It gave me $97 in paper money and a voucher for $0.50. I took the $0.50 voucher to another machine and it spit it back at me.

Then I attempted to play it off at various video poker machines and they all spit it right back. I then lowered my standards and attempted to play it off in a reeled slot machine but was rebuffed at every turn. Being cheap bastard that I am, I walked it over to the cashier for my money. The man scanned it, but it didn't read. He then explained that it can take "a few minutes" for such tickets to clear. He kept scanning it over and over, but it just wouldn't take.

As he was doing this, I explained I didn't really care about the 50 cents, but wanted to know what was really going on. He said they had a severe coin shortage and the machines couldn't dispense them out. That didn't explain why the slot machines wouldn't take them or this alleged waiting period, but I didn't ask.

However, I did say that I had about $1,000 worth of loose change and asked if they would exchange it for cash. He said "yes," and confirmed it with another cashier.

I think I will return with a lot of loose change, perhaps about $300 worth as a trial run and hope they honor this offer. I made the same offer at the Bank of America about two weeks ago and they said "no."

The question for the poll is what do you think of the coin shortage?

Some casinos have promotions where they award free play for turning in your change. It's widespread, getting tickets which require a cashier. Sounds shady and corrupt, some casinos have usable tickets and some don't. All TITO machines look the same to me, I don't know if it's an option on some and not others.
In the land of the blind, the man with one eye is the care taker. Hold my beer.
onenickelmiracle
onenickelmiracle
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August 26th, 2020 at 8:26:14 PM permalink
You spelled nickel wrong, 3 days suspension.
In the land of the blind, the man with one eye is the care taker. Hold my beer.
BedWetterBetter
BedWetterBetter
Joined: Oct 20, 2012
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August 26th, 2020 at 9:05:11 PM permalink
Like anything, this will only be temporary. I've also accumulated quite a bit of coins this year prior to and during the pandemic and it's easily over $120 mostly in quarters.

I don't plan on using it or depositing in my bank account any time soon. Some banks have coin counting machines that will give you a receipt with the total and let you direct deposit it in your account with that bank. If you don't have an account, they of course charge a 9-11% fee.

Other banks require you to roll the coins into $10, $5, $2 and 50 cent rolls for Quarters, Dimes, Nickels and Pennies respectively. This is quite a task if you don't have spare time or patience but I suppose for someone hard up for cash it would be worth it.
Zcore13
Zcore13
Joined: Nov 30, 2009
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August 26th, 2020 at 10:01:16 PM permalink
There was a bank in Az offering 110% on change exchange for their account holders. They said they have to pay to get change from the Federal Reserve, so why not pay their customers for it.


ZCore13
I am an employee of a Casino. Former Table Games Director,, current Pit Supervisor. All the personal opinions I post are my own and do not represent the opinions of the Casino or Tribe that I work for.
darkoz
darkoz
Joined: Dec 22, 2009
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August 26th, 2020 at 10:39:06 PM permalink
This is actually the norm in certain casinos in Mississippi. I complained years ago on here.

The casinos are simply using this as an excuse to pocket anywhere from one penny to 99 cents per customer.

Most people won't waste time on a cashier line just for a few cents. Those pennies add up to basically an advantage play on the casino side.

They are advantage playing the customers by saying sure you can get those pennies if you want to waste time on a cashier line.

After all the whole point of using a kiosk is to avoid the cashier lines.

Something tells me as they add up their sudden windfall of extra profits (and those left behind change does add up) they will simply keep it as the new status quo.

Why spend money to switch the redemption machines back and kill a cash cow?

As for this coin shortage, let's say for argument every single gambler spent the time to collect their change from the cashier. That would mean the cashier has to have all that change at the cage.

So if the same amount of change needed is behind the cage, then it can be put into the redemption machines right?

Except then the casino won't have this extra sudden cash flow
For Whom the bus tolls; The bus tolls for thee
Ace2
Ace2
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August 27th, 2020 at 12:09:54 AM permalink
Previously I’d only experienced coin shortages in “banana republics.” Power outages might be next
It’s all about making that GTA
Yoyomama
Yoyomama
Joined: Oct 11, 2010
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August 27th, 2020 at 4:45:36 AM permalink
Same here in New York at Turning Stone and Mohegan Sun in Conn. I generally play it down to a full dollar amount, like 30 cents on the last spin to get it down to a dollar. If anything left, I leave it for the next player. Lines just to long at Cashiers to wait for 15 cents!

At a Casino in New York, del Lago, they normally had (before the shortage) plexiglass bins where you could deposit your unwanted vouchers. They would donate to a cause each month like veterans, animal rescues, etc. Lots of money got donated!!! Wish all the casinos would do that now.

PS del Lago still closed down by state for covid.

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