Quote:
Originally Posted by Rupert Pupkin
You are right and that is how the casinos get away with it. The casinos were smart by turning markers into checks. They actually ask you for your bank information and then put your bank account # on the top of your marker, thereby making the marker a check. In reality, the markers are rarely used as checks. Let's say you take a marker for $10,000 at a casino and you lose the money. The casino won't try to cash the marker. They will hang on to the marker until you pay back the $10,000. At most casinos you have 30 days to pay. If you don't pay after 30 days, then they will call you to find out what is going on. They will usually work with a person if he needs more time or needs to make a payment plan. But if the person simply refuses to pay, then the casino will use the marker as a check and will try to cash it. If there are insufficient funds, then they can have you arrested.
This is relatively new. It wasn't until some time in the 1980s that gambling debts became legally enforceable. If you would have lost $50,000 in Vegas back in 1980 and you refused to pay, there was nothing they could do. They had no legal recourse against you. This was a big problem for the casinos. There were too many people that didn't pay. The casinos were powerful enough to get the laws changed.
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That's not true. They send the marker to your bank after x amount of days. Many people allow this to happen for comp purposes so the Casinos think you lost the whole marker.