Welcome to Vegas Boards!

The only Las Vegas Message Board and forum built by enthusiasts for enthusiasts.
Join today for free!

Marker Defaulting

Discussion in 'Gaming & Casino Industry' started by GlenBaccarat79, Aug 8, 2016.

Tags:
  1. GlenBaccarat79

    GlenBaccarat79
    Expand Collapse
    Unlike poker, folding is the only way!
    Board Dweeb Founder's Club

    Joined:
    Feb 5, 2016
    Messages:
    1,369
    Likes Received:
    352
    It's from 2011 but insightful for those of you who think to default and not repay what you signed your check for, etc. I did read of numerous people that were recently arrested and extradited within the system from several western area states for marker defaults.

    You must be a registered user with confirmed email address to view this content.
    Register or Login
     
    Tags:
  2. shifter

    shifter
    Expand Collapse
    Degenerate Gambler
    The Chairman

    Joined:
    Feb 1, 2016
    Messages:
    2,532
    Likes Received:
    3,032
    Location:
    At The Tables
    Trips to Vegas:
    50
    this sums up the whole situation.

     
  3. GlenBaccarat79

    GlenBaccarat79
    Expand Collapse
    Unlike poker, folding is the only way!
    Board Dweeb Founder's Club

    Joined:
    Feb 5, 2016
    Messages:
    1,369
    Likes Received:
    352
    If it wasn't based on the checking account, that is true. Same as if one goes to a store and bounces a check. I believe all stores will notify the check writer to submit the proper funds and usually plus a service charge to cover their charges, etc. But it is a crime. Most states will prosecute. I had a couple of people that bounced checks in my previous repair shop for complete sets of tires. I tried for months to collect for them. Failed. Sent to the county D.A., and he secured warrants for the people. Eventually got paid through the courts the following year. I don't believe it is any different.
     
  4. stackinchips

    stackinchips
    Expand Collapse
    Junior Member

    Joined:
    Mar 30, 2016
    Messages:
    144
    Likes Received:
    63
    I think what Shifter is getting at is that the casinos use the "loophole" in the law to push their collections onto the public. They extend credit under the guise of true credit. I.E. We will front you the money and if you lose you pay us back. Essentially giving people unsecured loans so they can gamble at their casino. However, instead of truly providing unsecured credit, they've made it so that you write a check, because if you default, they can simply turn it over to the authorities and make them become their debt collectors.

    As shifter pointed out, often times they extend people too much credit, knowing that they're enabling them to gamble more than they can afford, then when they finally hit the bottom where they simply cannot pay their gambling debt, they dump the problem onto the taxpayers by making the authorities chase these people down.

    The deadbeats are just as much to blame, and they make their own bad decisions, but if casinos are going to extend credit, then it should really be credit. And when they need to collect on the credit they extend, they should be responsible for doing so themselves, not passing that cost on to the taxpayers. They'd be a lot more conservative in regards to how much credit they extend and to whom if that were the case.
     
    • Agree Agree x 1
  5. MikeyBlacklabber

    MikeyBlacklabber
    Expand Collapse
    Junior Member

    Joined:
    May 28, 2016
    Messages:
    125
    Likes Received:
    77
    Trips to Vegas:
    28
    back when i used to go to the dunes with da boyz ,they had a deal with the dunes
    and would buy up all the unpaid markers at 75 cents on the dollar.
    when you got back, you had 7 days to pay back your marker. after 7
    days they started adding points.

    one a-hole decided he wasn't going to pay an juice and gave some lip.
    you know, funny how he fell down a flight of stairs a couple of times....broken collarbone
     
  6. VEGASBJ

    VEGASBJ
    Expand Collapse
    Member
    Founder's Club Gold Linker

    Joined:
    Feb 2, 2016
    Messages:
    2,522
    Likes Received:
    1,152
    Location:
    Rolling Hardways!
    Trips to Vegas:
    257
    oh for sure when Vegas was mobbed up, they would send Vito from "collections" for any unpaid markers. scare tactics do work.........
     
    • Like Like x 1
  7. Tibs

    Tibs
    Expand Collapse
    Junior Member

    Joined:
    May 16, 2016
    Messages:
    163
    Likes Received:
    98
    Trips to Vegas:
    17
    Watching someone do time over a $9 check in the 80s should be enough to scare the hell out of people. It was only 48 hours but still.
     
  8. bayoubengal

    bayoubengal
    Expand Collapse
    Member
    Founder's Club

    Joined:
    Feb 9, 2016
    Messages:
    985
    Likes Received:
    688
    Also the DA gets a cut from the collections too. Kind of a vested interest for them to prosecute too.
     

Share This Page

Loading...