| How
does the customer abuse his credit by taking chips
from Strip Casino A and turning them in at Strip
Casino B? Here's how. If a player had a $10,000
line of credit at Casino A and simply took out markers
till he depleted his credit with-out giving the
casino much play, his money would be intact, and
he'd have $10,000 in cash in his pocket by cashing
these chips at Casino B.
When his stay ended, he'd tell the cashier that
he couldn't Pay up on the $10,000 he owed, but would
be happy to give them $1,000 and repay the rest
within six months. The casino would prefer to get
paid at once, but there'd be nothing they could
do but wait for their money. And since the player
took out $10,000 worth of markers, they'd figure
that he gave them $10,000 worth of action, which
was not the case at all.
The player now takes $9,000 of the casino's bankroll
home wit' him to use as he sees fit. He may use
it in his business, buy Treasury notes, put it in
a bank and get the interest, or whatever. And what
interest is he paying the casino for the use of
their money? Not one red cent. In fact, he could,
if he were shrewd enough, be using the casino bankroll
to draw 41terest or invest in stocks or buy supplies
for his business, all free of charge to him. It
was a sweet racket.
Today this kind of maneuver is difficult to carry
out. For one thing, if a player establishes credit
at a casino, he cash in his chips at a competing
Strip hotel. He must at his own casino.And if a
player has credit at a casino, his play is w closely.
If he signs a marker at one table and then abruptly,
returning to the cashier's cage to cash in the he'll
fool no one. What will happen is this: either the
pi call the cashier, advising him that this player
has taken great many chips without playing them,
or the cashier w the player if he has taken a marker
for his chips.
If he answers affirmatively, the cashier will call
the find out what happened and then ask the player
to n marker. If there aren't enough chips to redeem
it, the will give him cash, but the next time he
does this, the will be asked to stay around, and
the credit manager or one in authority will speak
to him, asking why he's doing' If they get no satisfactory
answer, the player's future may be cut off. The
casino will take this kind of strong ure because
it knows it's being taken advantage of b player,
and it doesn't want to wait months for its money
paid back. |
