If you receive a letter from the District Attorney’s office about your case, or are contacted about an existing unpaid marker, you should contact our office immediately. Many times, people are sent what is known as a “10-day letter” in which the prosecutor’s office gives you a set time, which is almost always 10 calendar days, to respond to the letter and take care of the debt. Many people notice that the amount requested in the letter is markedly higher than the person recalls borrowing from a casino on credit. The reason for the higher amount is that the DA’s office adds on significant fees for their services in recovering the debt for the casino. Most importantly, if you don’t react quickly and hire a lawyer to contact the authorities and/or casinos and negotiate on your behalf, a warrant will issue for your arrest after the 10 days expire.
Even if you simply plan on “paying the money back,” you could still be convicted of a crime for taking out the debt in the first place on not paying in a timely fashion. If you ignore the 10 day letter, don’t pay the money back fast enough, or fail to follow a payment plan prescribed by the DA, you can still be prosecuted in Court, even if you later pay back all the money you borrowed.
Typically, a casino may ask that a $100,000 loser pay back $92,000 or 92% of the marker-debt (an 8% discount), but The Venetian started pushing that envelope more than two years ago, writing-off and reducing the markers “call value” by as much as 15% to 25% of a gambler's losses. If you are a first-time casino loan user and haven't dealt with this kind of thing before, create a casino marker payment plan to keep yourself safe. Having a plan should help you stay focused on your payback and save you from trouble. Is Not Paying a Casino Marker a Criminal Offense?
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Many people borrow large amounts and then plan on filing Bankruptcy as a way to avoid criminal charges. You should know that the filing of Bankruptcy doesn’t necessarily avoid criminal responsibility. Because debt in a casino marker case is viewed by the DA and the Courts as restitution in a criminal case, they may still prosecute you for the crime even if you have filed for Bankruptcy.
Lastly, and most importantly, call an attorney to represent you on your case as soon as you know there is an amount unpaid. It pays to be proactive. Don’t wait. Once a warrant has been issued, the prosecutor may refuse to quash it and you may have to return to Las Vegas while in custody and in handcuffs. Additionally, once a warrant has issued, the prosecutor may be far less amenable to negotiation until the person is arrested and appears in Court in custody on their warrant.
Attorney Josh Tomsheck, from the law firm of Hofland & Tomsheck, is a former Chief Deputy District Attorney in the same office that will be prosecuting the casino marker case against you. He knows what needs to be done to protect you, protect your money and fight your case. Call (702) 895-6760 today to schedule an in person appointment or telephonic consultation. Many times we can resolve your case without you even having to travel back to Las Vegas and appear in Court.
This column is not for everyone. If you have ever had any difficulties managing your money in the casino, please skip this article.
Most casinos offer credit privileges as part of their customer service to the player. It increases player loyalty because you will be inclined to play at a casino where you have a line of credit. It is also a convenience for the player not to have to carry extra cash. When you establish credit with a casino, you are allowed to write a marker and withdraw money to use while gambling in the casino.
Establishing casino credit should be done before you visit the casino. In most cases, it will take a few days to check your application so you should plan in advance to make sure all the paperwork is done in time for your casino stay. Mr green dumps.
The first thing you need to do is to get a credit application. If you are applying for credit at your local casino, you can pick up an application at the casino. Many casinos have a credit office, or you can inquire at the casino cage. If you are visiting a casino in another destination, you can phone them and ask to be connected to the casino cage. Tell the person in the casino cage that you want to obtain a credit application. You may be able to download an application from the casino’s website.
The Application
You will most likely have to fill out a credit application even if you are applying for check cashing privileges. The application for casino credit is similar to an application for a credit card.
The application will also ask you the dollar amount of credit you would like to obtain. It is important that you have at least this much in the account you are listing on the credit application. You can’t have $500 in your account and then expect to receive a $3,000 line of credit. The casinos want to make sure that they can withdraw the money from your account if necessary.
By signing the application, you are giving the casino permission to do a complete credit check and to contact your bank. Some casinos will require you to send in a voided check along with your application.
Taking a Marker
Once your credit application is approved, you can take a marker to get money to use for gambling. Taking a marker at the table is not difficult. When you sit down at the table, you tell the dealer that you want a marker. The dealer will call over the floor person who will ask you for your player’s card and ask you the amount of money you would like the marker to be. The floor person will fill out the required paperwork for your request. In most casinos, the marker will be printed right in the pit. In other casinos, they may be printed in the cage and brought to the table. You will then be given the marker to sign, and the floor person will instruct the dealer to give you chips for that amount. You are then free to play as you wish.
Slot players are not left out if they want to establish a line of credit, but there is a little more scrutiny when they obtain a marker. When you are playing at the tables the Pit issues you chips with which they can track you as you play. When you are playing slots, there is not as much control as to where the money goes. To obtain a marker for playing the machines, you will need to visit the casino cage. Some casinos let you take a marker by requesting one through a Slot Attendant, but it will be much faster at the cage.
Some casinos base the amount of the marker given to the slot player based on past play and amount of your credit line. If you normally play quarter slots for four hours a day and lose an average of $500 you will not be able to take a marker for $2,000 right from the start. The casino will also watch the slot players more carefully.
Whether you play the tables or the machines, the purpose of a marker is to allow you to be able to play without having to carry cash with you. The casino does not want you to use it as a free loan when you are in town. If you take a large marker and then play only a little and “walk” with the remainder of the money, you can be cut off from taking markers in the future.
Paying Your Marker
When you sign a marker, it becomes legal tender that can be cashed by the casinos. It is just the same as if you wrote them a personal check. If you do not have the money in your account and the check “bounces” you are committing fraud and are subject to the consequences.
If you are a winner, it is customary to repay your markers before you leave the casino. While the casino doesn’t mind you using the money while you are there, they don’t appreciate you taking a free loan home with you along with your winnings.
Casino Marker Payment Plan Template
You may pay your markers in full or make a partial payment with cash or check before you leave the casino. You can do this at the cage, and any balance will be put on a new marker for you to sign. If you chose to pay your markers after you get home, you could do so by sending them a check or pay by wire transfer. If payment is not made within the specified time, they will deposit your marker, and the money will be withdrawn from the account you listed on your credit application.
The time frame for paying back markers varies by the amount of money you usually owe: if the marker is less than $1,000 you are required to pay it back in 7 calendar days. If your marker is $1,001-$5,000 then you have 14 calendar days. If your marker is over $5,000, you usually have 45 days to pay.
Casino Marker Payment Plan Printable
Be Careful
Casino credit can be a great convenience and has many advantages because you don’t have to carry cash however you should NEVER apply for any casino credit if you don’t have the discipline to control your gambling. Having credit can be a benefit, but it can also present big problems if you lose control. If you have any doubts about your ability play within a budget, don’t even think about casino credit.
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Next time remember: Luck comes and goes, but knowledge stays forever.