What happens if you are not playing with a players card ( let's assume you don't have one)... Buy in at at BJ table for $1k, you win $6k, go to the cage to cash out and they ask for a players card - "I don't have one"... Ok, we need to see your ID....QUESTION....
If you refuse to show your ID, is the casino obligated to pay you? What rights do the players have vs. the obligation of the casino to pay?

 

Secret banking laws require them to file a CTR for cash transactions over 10k in any 24 hour period. So because of that they can request your ID in order to track that.

The only recourse you have is to take your chips back and then of course you could sue them, which means they're going to get your information among other things.

 

I have done this several times at casinos I did not have a players card at. Tropicana and the D were some of them. if it is less than $10k, they can ask for these items, but you can refuse. they will just call the pit you were playing in to verify the chips.

 

Yep, pretty much this. They're asking because casinos are treated as financial institutions under various regulations.

I'll also repeat my constant refrain on threads like this -- if it's less than $10k, they don't have to fill out a report and thus don't need ID, but do not intentionally cash out for less than $10k to avoid that requirement. The report they fill out is basically just record-keeping relating to money laundering (and, unless you have other issues going on, is firewalled off from the IRS); trying to avoid it, though, is an independent crime.

 

There is a threshold of 3k and above for an STR and within legal rights to not cash until you show I.d. that is if they can deem it a S.T. for anyone of numerous reasons.

 

What happens when someone goes to their local bank and withdraws 5K or 10K or 15K all in cash for their upcoming Vegas trip....

Does this send all kinds of flairs like gangster stuff involvement or that someone is up to no good or illegal stuff... .? It is OUR money, isn't it.?

 

It's called an SAR. There's also a CTR.

 

Over 10k = CTR. Doesn't really mean anything other than the man keeping tabs on you. If something comes up later they can review these reports and track your history.

 

so less than 10K at one time is OK.?

 

It's not that simple.

100k may be ok, but 3k could not be.

Depends on so many factors.