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Wizard
Administrator
Administrator
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The rule of thumb is that large wins can be paid however the winner wants. For example, when I won $50,000 in a craps tournament at the Venetian I requested a check. They deducted what I owed on my marker and printed one up for me. I've also been paid large sports betting wins by check. As I recall, at the Palms they would only pay the winning portion by check, and returned the original wagers in cash. At the Bellagio they paid the full way by check.
For large video poker jackpots, like $20,000 or more, you can request a check. I've done this a few times.
The amounts in question have to be in the five-figures before such service can be requested, as a rule of thumb.
It's not whether you win or lose; it's whether or not you had a good bet.
Maverick17
The rule of thumb is that large wins can be paid however the winner wants. For example, when I won $50,000 in a craps tournament at the Venetian I requested a check. They deducted what I owed on my marker and printed one up for me.
I've also been paid large sports betting wins by check. As I recall, at the Palms they would only pay the winning portion by check, and returned the original wagers in cash. At the Bellagio they paid the full way by check.
For large video poker jackpots, like $20,000 or more, you can request a check. I've done this a few times.
The amounts in question have to be in the five-figures before such service can be requested, as a rule of thumb.
I've also been paid large sports betting wins by check. As I recall, at the Palms they would only pay the winning portion by check, and returned the original wagers in cash. At the Bellagio they paid the full way by check.
For large video poker jackpots, like $20,000 or more, you can request a check. I've done this a few times.
The amounts in question have to be in the five-figures before such service can be requested, as a rule of thumb.
In your experience is this just 'casino policy' or is there a real reason (ie tax, legal, accounting, etc) they want to give you your original wager/marker back in cash?
Statistics don't lie, they deceive.
Wizard
Administrator
Administrator
In your experience is this just 'casino policy' or is there a real reason (ie tax, legal, accounting, etc) they want to give you your original wager/marker back in cash?
The casino policy is they don't want to be accused of money laundering. So, if you present cash, and win, they are not going to launder the original principle into a check or bank wire. Then again, I bet with cash at the Bellagio and they paid the full value of the Super Bowl tickets by check, which surprised me. Since 9/11 the casinos are very firm that they are not to be used as banks.
It's not whether you win or lose; it's whether or not you had a good bet.
Jimbo
I posted previously. To combat money laundering.
AlanMendelson
I don't know what the rules are or what policies are or what regulations might say but this is only my experience:
I've never been specifically offered a check for a big win at a Vegas casino. Usually I am asked 'how would you like this?' At which point you can say cash, check or combination.
When I have hit big royals at Caesars for $20K or more and if I ask for a check I am reminded that if I take a check that my line of credit will be closed for that visit. The reason is that they don't want to extend to you credit when you have their money in a check. To reactivate your credit line on the next visit you have to check-in at the cage. This has happened to me several times.
Once, I had to have the floorman at the craps pit call the cage to let them know I was back (a few weeks after a visit where I got a check) so that I could use my credit line at the craps table.
If you don't want cash you can keep the balance on account with the cage. There was that one weekend when I hit two VP progressives -- one for $24K and another for $21K. I took some cash and put the rest on account with the cage. And when my trip was over I got a check from the cage for the balance.
At Harrah's Rincon in San Diego I have seen players get checks for as little as $2,000 with no problem from the casino.
I've never been specifically offered a check for a big win at a Vegas casino. Usually I am asked 'how would you like this?' At which point you can say cash, check or combination.
When I have hit big royals at Caesars for $20K or more and if I ask for a check I am reminded that if I take a check that my line of credit will be closed for that visit. The reason is that they don't want to extend to you credit when you have their money in a check. To reactivate your credit line on the next visit you have to check-in at the cage. This has happened to me several times.
Once, I had to have the floorman at the craps pit call the cage to let them know I was back (a few weeks after a visit where I got a check) so that I could use my credit line at the craps table.
If you don't want cash you can keep the balance on account with the cage. There was that one weekend when I hit two VP progressives -- one for $24K and another for $21K. I took some cash and put the rest on account with the cage. And when my trip was over I got a check from the cage for the balance.
At Harrah's Rincon in San Diego I have seen players get checks for as little as $2,000 with no problem from the casino.
FleaStiff
Casinos know that if they give you cash you will probably gamble it.. but casinos also know that headlines can be bad for them, so if you want a check they are happy to avoid a headline about someone running you off the road to steal the cash. Casinos have various cash management forms and reports so the Treasury Dept. is kept happy but they also want to keep their customers happy too.
AlanMendelson
Let me ask this: if there is no Federal Reserve Branch bank in Vegas, how do they get the money in?
When I got a payoff on a $20K royal, they gave me two packs of $100 bills with a wrapper from the Federal Reserve Bank. I asked at the cage about this and they said thats how they get the money from their bank. But is the money flown in, trucked in, or is there a secret underground tunnel that runs through Area 51 for the cash shipments? :-)
When I got a payoff on a $20K royal, they gave me two packs of $100 bills with a wrapper from the Federal Reserve Bank. I asked at the cage about this and they said thats how they get the money from their bank. But is the money flown in, trucked in, or is there a secret underground tunnel that runs through Area 51 for the cash shipments? :-)
NokTang
Here in Asia, we have a lot, a real real lot, of counterfeit $100.usd notes. I'm often surprised at how easily a person can buy in for thousands of dollars at a table in the U.S.A. without any real examination of the notes.
In the aforementioned NagaWorld casino in Phnom Penh, they have some sort of high tech scanner in the cages which counts and checks notes very quickly. It's about the size of four shoe boxes.
In the aforementioned NagaWorld casino in Phnom Penh, they have some sort of high tech scanner in the cages which counts and checks notes very quickly. It's about the size of four shoe boxes.
AlanMendelson
Does Double U Casino Pay Real Money
NokTang.. any of our brand new $100 bills circulating there yet?
Hunterhill
Here in Asia, we have a lot, a real real lot, of counterfeit $100.usd notes. I'm often surprised at how easily a person can buy in for thousands of dollars at a table in the U.S.A. without any real examination of the notes.
In the aforementioned NagaWorld casino in Phnom Penh, they have some sort of high tech scanner in the cages which counts and checks notes very quickly. It's about the size of four shoe boxes.
In the aforementioned NagaWorld casino in Phnom Penh, they have some sort of high tech scanner in the cages which counts and checks notes very quickly. It's about the size of four shoe boxes.
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They are also very picky about accepting bills with any marks on them,even the slightest ink mark and many merchants won`t accept them.Don't teach an alligator how to swim.