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@Anonymous wrote:
@FretlessMayhem wrote:Why do they call your bank to see if funds are available? If that was the case, then the LOC wouldn't be needed...
They will not loan you more than they know you have in the bank in case you have a bad run at the tables. When they say "credit" they do not mean it in the sense Chase and CIti do. Also, it is not recommended that you not payback this "loan". They won't just f-up your credit report.
Today's new corporate casino businesses are certainly satisfied to confine themselves to disrupting your credit report as opposed to your bodily functions.
Interesting enough the state of FL is not amused by out-of-state entities attempting to use its court system to collect gambling debts.
I got back from Vegas a couple of days ago. One of the bigger stories on the local news while I was there concerned the amount of money owed by deadbeats to the casinos.
One unnamed gentleman personally owed the casino(s) in excess of $14 Million. I forget the grand total for all of the bad debt, but it was astronomical to say the least.
Just an aside.