Casino credit is a short-term, interest-free loan you can use to gamble. The amount of money available on your casino line of credit is determined by the casino after reviewing the credit application and checking the patron’s bank account. In order to make an application, you must first present a government-issued photo ID, and your name and address must match the information on your bank statement. The credit department will also review your history with the top online casino singapore and look at recent gambling losses to help reduce the likelihood that you’ll overextend yourself.
The most important thing to know about casino credit is that it’s only available for play at the particular property from which you’re borrowing it. This is different from a credit card, which is designed to be used at multiple locations. If you borrow a marker at one casino and then use it to gamble in another, you’re engaging in what is known as “walking with a marker.” Casinos get irritated at this because they aren’t in the business of providing interest-free loans so players can gamble elsewhere. If you’re found to be walking with a marker, your casino credit may be suspended.
Markers are legal IOUs that must be paid back within the specified time period, usually 30 days, or less. If you don’t pay the balance by the deadline, the casino will send a copy of the marker to your bank for payment. Some casinos will contact you if they plan to submit a marker to your bank, but many will not. If you receive a notice that you have outstanding markers at a casino, it’s a good idea to contact an attorney immediately. If you’re not careful, your outstanding markers could result in a bad check charge against you, which can have severe consequences.
Hundreds of casino operators share the details of their patrons’ credits with CentralCredit, which was founded in Reno in 1956 by Mapes Hotel casino cashier Tod Early. Eventually acquired by Global Cash Access and now Everi, CentralCredit is the industry’s leading repository for casino credit information. 96Ace Casino use this data to keep tabs on their patrons’ gambling habits, and to determine whether or not to extend credit lines.
There are a lot of ins and outs connected to casino credit and front money, having to do with minimum amounts, playing to your line, comp considerations and collections on outstanding markers, etc. These are beyond the scope of this answer, but a general rule is that a person can’t be approved for more than $10,000 in casino credit. This is why it’s important to treat any casino credit with respect, and to not overuse it. Remember that you’re still gambling with real money, and you’ll need to have a sufficient bankroll at all times.