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[alrelax]

A Credit Line is a Marker Account.  Period.

I have been questioned about and have knowledge of someone that actively writes on the internet and claims to be always winning, fully comped and plays on casino credit the game of baccarat, etc., etc., etc., and so on.  There is no definitive proof but the stories are detailed, strong and deep.  I know otherwise and I have over 40 years of experience, been writing here and often challenged and talked about.  I tried to eliminate much of the drama, fallacies of internet soap opera only testing theories that are portrayed as real, profitable and engaged by the member posting same, but are no more real than watching a TV show that is titled, 'Reality Show Such and Such'.

The person I am talking about has posted, among other things, that I will not publicly challenge or quote, incorporates into articles and statements about casino credit in Las Vegas into his writings.  Because a large part of his writings revolve around casino credit, markers, comps, etc., etc., his story is inaccurate, false and not portraying the real information about Casino Credit Markers, AKA: Credit Line Accounts.   

And simply, that is why all Casino Markers resemble checks!!!  What so many internet forum readers fail to realize!  A Casino Marker is a check, you do not pay it, you can get charged criminally.  There are not two types of credit accounts in well over 20 years, give or take a few. 

First of all, he claims if one has casino credit and not just check cashing privileges, they will be comped extra and, in and above others with front money account deposits and a so-called regular casino marker accounts, which he claims there are two types of credit accounts.  A true credit marker and a marker against your checking account, which he does classify as only a check cashing privilege. 

Which is totally not correct.  Maybe years ago it was, meaning prior to 2000, so it has been at least a min of 20 years that the current and only system of casino credit is in place.  Second, all casino credit is a Marker system against your bank account, nothing else.  Simply, you are backing up your agreement with the casino to pay your Marker upon departure from the property.  You do have 30 days in all cases, but if you do not pay, they will ACH or withdraw, cash your check in so many words or by electronic means these days, to pay your Marker.  If you check does not clear or if your bank account does not pay their ACH request, you are subject to criminal charges, in each and every case of casino credit agreements these days, period, end of story.   

A person can also deposit what they call Front Money, and also draw a marker against it.  You deposit a certain amount of money, whatever you want with the casino cage and then you request whatever portion of it you desire at the table.  The floor person will print a marker out, the same as they would on a credit line against your bank account as I described within this thread, and you sign it.  Your chips are then given to you and you are free to do what you desire with them.  Gamble them, redeposit to your Front Money or cash them out.  No one at the table will know the difference if it is Front Money Account or Credit Line.  People do this for numerous reasons.  Some of them are, they do not want to buy in with larger amounts of money at the table, they rather it all be on deposit for getting additional comps or casino host reasons because they were not established at the casino and needed to shoe their sincerity and ability to buy-in with a certain amount of money, etc.  Also for the CTR factors and so on, already being performed and filed.

As far as the comp thing.  Has nothing to do with Casino Credit, AKA Markers, etc.  Casino comps are issued through an automatic rating system of Time Played, Average Wager, and Type of Game.  Of course there are what they call discretionary comps and earned comps.  Years ago, prior to say 2008 or so, it was all different.  Now all has been changed.  Including the loss of earned points which was a great thing while it lasted, where players earned points and those points stayed for your retail use on the properties and your host would comp RFB&I items while you got to retain your points.  But no longer.  Much stricter now as the larger corporate casino chains, such as MGM and CET focuses so much on selling other non-casino department revenue producers such as restaurants, spa, night clubs, hotel rooms, etc., etc., and so on.  Before it was casino was everything, but like I said, that has all changed the past 12 years or so.  There is also other considerations for the larger players, such as how many people is in their party that are non-players.  How long has the person been coming to our property and what is his true averages, not just today or last trip or last month, etc. 

For those of you that think games do not matter in comp levels and issuance of comps, you are totally wrong.  Poker draws very little comp issuance, no matter what size wagers and money you have.  While large slot players would naturally draw the most.  Bac players draw larger depending on their history at the casino, etc. 

As far as levels of players, that would vary from casino property to casino property in large differences depending on the property, their table game action and limits.  But a $250,000.00 Front Money Deposit player would get more comp issuance in a comparison right off the bat, than a $250,000.00 Credit Marker player, because they casino see the cash and has no worries about collection, etc. 

Comps are difficult to understand for people that have no experience with them or little.  They vary with large comparison from one property to another.  However, the internet writer that I am referring to, makes numerous and blatantly incorrect statements about comps and their issuance by casino properties with preference to Credit Marker players, etc. 

Be careful what you read on the forums.  Most people cannot challenge properly the so-called VIP or high wagering players here, because there are so few that ever do read these forums, let alone being a member and writing on them. 

As far as opening a Credit Line, you have to have a checking/bank account and they will call them and verify such.  You have to have the same one for a bare min of 6 months and whatever your average daily balance in cash is, your Marker Account line will not be above that amount.  If you have an average daily cash balance for 6 months plus of say $61,200.00, I guarantee you, that almost all casinos will not issue you more than a $50,000.00 line.  Many will not do that, each casino chain has their own protocols as to a certain percentage of what your 6 month average daily cash collected balance will be set at, some or 90%, others are 75% and yet other might issue you a 50% line limit against your average bank balance, etc.  Also depends how long you have been playing at the casino and your history of play, etc.   

But in each and every case of Nevada casino Credit Line Marker Accounts, every single one of them will be a Marker Account against your bank account, PERIOD.  There are not two types of credit line accounts like the person is implying.  Such as a true credit unsecured line, where if you lose your money it will be a civil matter and no criminal charges can be filed and the casino cannot ACH or even attempt to withdraw the money from your bank account.  That does not exist any longer.  And as the person is trying to through misleading truths out there, the Credit Line Marker Account is NOT a check cashing privilege, as I already explained.   

I bring this up and post this info to write the real information and how the casinos operate, not to discredit, humiliate or chastise another forum member.

Here is a link to a current credit marker account application which spells it all out, I copy and pasted the important parts of it below for your ready reference:

https://assets.ctfassets.net/sahy2rpqbnsp/2E09h4GZI4yi6eoQAeSiaA/496c25714d6c418450d1f6b582e1dd6f/CasinoCredit_Application_2018.pdf

Here is one of the Las Vegas attorney firm that specialize in defense and assisting casino customers that do get sucked in and go on tilt.  They also explain it, feel free to Google, Casino Credit or Casino Markers in Las Vegas and research it all yourself:

https://www.thegerstenlawfirm.com/nevada-criminal-defense/2019/03/21/relying-on-casino-markers-to-gamble/

"A casino marker is not like a line of credit or a credit card.  In Nevada, it's treated as a personal check.  If you do not pay your markers, the casino deposits your check into your bank account to draw out the money you owe.  If you don't have sufficient funds to pay off the marker, the casino marker becomes a bad check under Nevada law.

If the casino fails in its attempt to get the funds from your bank account, they notify you.  If you don't respond within ten (10) days, the casino notifies the Bad Check Unit of the Clark County District Attorney's Office.  (Yes, there is an entire unit dedicated to collecting unpaid casino markers.  In one recent year, the Unit reportedly pursued more than 2600 cases and made $2.2 million from marker cases.)"  From an attorney's firm web-site.

Parts of a current credit application are posted below, for any type of casino credit no matter how it is classified, casino markers or otherwise.  Check Cashing Privileges is NOT CASINO credit, that is entirely something else between yourself and the casino, but in most cases without application and allowed if a third party clears you, such as Tele-Check, or one of the other numerous check cashing guarantee services that each and every casino uses.  Do not mix the two up.


"I, the undersigned, hereby give Nevada Property 1 LLC dba The Cosmopolitan of Las Vegas and its affiliates (CLV) authorization to obtain and verify my financial information (including but not limited to account balance information) from any source, obtain my financial and employment history, and exchange information with others about my financial and account experience with CLV. I agree not to hold CLV responsible or liable for the information released or for its use of any such information. I agree that CLV may retain and use the information on this application and any information it receives based on my authorization whether or not I am granted marker signing privileges.

As a condition to being granted marker signing privileges, I agree to sign credit instruments, also known as markers or checks (Markers) (e.g., chips, cash, or tokens) in the amount of the funds issued to me. Further, I authorize CLV to complete any of the following information on those markers: (1) name of payee, (2) a date, (3) name, account number and/or address of any of my banks and financial institutions, (4) electronic encoding of the above, and (5) as otherwise authorized by the law. The information inserted may be for any account from which I now or may in the future have the right to withdraw funds, regardless of whether that account now exists, and whether I provided the information on the account to CL.

I REPRESENT THAT AT THE TIME I SIGN ANY MARKER, I HAVE ON DEPOSIT IN ACCOUNTS ON WHICH I AM AN AUTHORIZED SIGNATORY FOR ALL PURPOSES, WITHOUT RESTRICTION, FUNDS SUFFICIENT TO PAY SUCH MARKER UPON DEMAND OR PRESENTMENT.

I acknowledge that irrespective of any currency exchange laws in the country in which I reside, I have the ability and intent to legally pay through my bank or financial institution the funds represented by the markers signed by me and given to CLV. I also acknowledge that an independent agent collecting front money deposits or payments on my outstanding balance is my agent and not an agent for CLV or any of its affiliates.

I agree that each Marker I sign is a separate transaction. If I receive the funds before I execute a marker, I promptly will sign a Marker when presented to me in the amount of the funds I received.

I agree that this application and all credit issued pursuant thereto will be governed, construed and interpreted pursuant to the laws of the State of Nevada and venue shall lie solely in that state. I agree that CLV may litigate any dispute involving the credit line, the debt or the payee in any court, state or federal, in Nevada. I submit to the jurisdiction of any court, state or federal, in the state of Nevada, and waive any requirement of presentment and waive any objection I may have to jurisdiction in such courts.

I hereby authorize CLV, in its sole discretion, to apply any and all chips I may redeem first to the reduction of any outstanding credit balance, with the remainder, if any, to be returned to me. In addition to any amounts authorized by law, I will pay interest at the rate of eighteen percent (18%) per annum, unless prohibited by Nevada law, and in such case at the highest amount permitted by Nevada law, from the date of issuance of the Marker (if dishonored by a financial institution) and all costs of collecting, including attorney's fees and court costs.

Warning: For the purposes of Nevada law, a credit instrument is identical to a personal check and may be deposited in or presented for payment to a bank or other financial institution on which the credit instrument is drawn. Willfully drawing or passing a credit instrument with the intent to defraud, including knowing that there are insufficient funds in an account upon which it may be drawn, is a crime in the State of Nevada which may result in criminal prosecution in addition to civil proceedings to collect the outstanding debt.

I certify that I am 21 years of age or older. I am aware that this application is required to be prepared by the Nevada State Gaming Control Board regulations of the State of Nevada, and I may be subject to civil or criminal liability if any material information provided by me is willfully false.

[alrelax]

Additionally. 

Regarding Casino Marker Accounts. 

https://www.prisonlegalnews.org/news/2014/dec/3/debtors-prisons-prevail-las-vegas-thanks-prosecutors-and-casino-markers-law/

https://lasvegassun.com/news/2011/jan/30/taking-casinos-ride/