1. Welcome to VegasMessageBoard
    It appears you are visiting our community as a guest.
    In order to view full-size images, participate in discussions, vote in polls, etc, you will need to Log in or Register.

Could Casinos Go Cashless because of Coronavirus?

Discussion in 'Casino Gaming' started by Sonya, Jun 17, 2020.

Thread Status:
Not open for further replies.
  1. ReTriggerMe

    ReTriggerMe Stand Up to Jewish Hate!

    Joined:
    Jan 4, 2020
    Messages:
    10,295
    Location:
    San Francisco East Bay
    Trips to Las Vegas:
    48
    Isn't there some obscure law that cash is legal tender and cannot be declined?
     
    • Agree Agree x 2
  2. dmr

    dmr Registered Abuser

    Joined:
    Feb 18, 2011
    Messages:
    19,794
    Location:
    Somewhere in Middle America
    Trips to Las Vegas:
    70
    I'm sure the fact checkers have debunked that one some time ago.
     
  3. wormhole

    wormhole VIP Whale

    Joined:
    Jul 25, 2010
    Messages:
    1,460
    Trips to Las Vegas:
    16
    In the pre-Boyd days, my local casino would not accept cash for hotel room deposits at check in. I don't know what Boyd's policy is. I always used plastic.

    I remember an older man having trouble at check in because all of his credit cards had been declined and his debit card did not have a Mastercard or Visa logo on it.
     
  4. dmr

    dmr Registered Abuser

    Joined:
    Feb 18, 2011
    Messages:
    19,794
    Location:
    Somewhere in Middle America
    Trips to Las Vegas:
    70
    I know that some car rental agencies will not accept cash. They consider a renter "worthy" only if he/she has a credit/debit card in his/her name.
     
  5. Sonya

    Sonya Queen of VMB

    Joined:
    Nov 28, 1999
    Messages:
    44,195
    Location:
    Western Washington
    Trips to Las Vegas:
    25
    Today was the day for this hearing.

    Nevada Gaming Regulators Approve Changes Covering Cashless Gaming and Digital Payments:
    https://www.cdcgamingreports.com/nevada-gaming-regulators-approve-changes-covering-cashless-gaming-and-digital-payments/

     
    • Informative Informative x 2
  6. NotFromConcentrate

    NotFromConcentrate It’s a Cassowary :)

    Joined:
    Jul 19, 2015
    Messages:
    9,324
    Location:
    Digital Nomad from Southern Ontario
    Trips to Las Vegas:
    28
    I wondered this too, some time ago. As far as the United States goes, this explanation from the Federal Reserve cleared it all up for me...

    Is it legal for a business in the United States to refuse cash as a form of payment?

    Section 31 U.S.C. 5103, entitled "Legal tender," states: "United States coins and currency [including Federal reserve notes and circulating notes of Federal reserve banks and national banks] are legal tender for all debts, public charges, taxes, and dues."

    This statute means that all United States money as identified above is a valid and legal offer of payment for debts when tendered to a creditor. There is, however, no Federal statute mandating that a private business, a person, or an organization must accept currency or coins as payment for goods or services. Private businesses are free to develop their own policies on whether to accept cash unless there is a state law which says otherwise.

    Source: https://www.federalreserve.gov/faqs/currency_12772.htm
     
    [TENTATIVE Late Jul/Early Aug] Vegas by way of Chicago/Elko/Reno!
    • Informative Informative x 3
  7. 3OfDiamonds

    3OfDiamonds Waiting For “Very Good” Video Poker @ Rio…

    Joined:
    Aug 29, 2019
    Messages:
    5,444
    Location:
    San Diego, CA
    Trips to Las Vegas:
    15
    Yes - some states (and maybe cities) have recently debated or passed legislation requiring businesses to take cash as a form of payment due to the relatively high costs of banking for low-income folks :hmmm:
     
    • Agree Agree x 3
  8. Vegas Todd

    Vegas Todd MIA

    Joined:
    Jul 23, 2019
    Messages:
    458
    Location:
    Northeast Illinois
    Trips to Las Vegas:
    17
    Ughhh... Cashless Vegas?
    My God, It is the end of the world...
     
    • Agree Agree x 3
  9. SMG

    SMG VIP Whale

    Joined:
    Jul 30, 2018
    Messages:
    2,066
    Location:
    Chicago, IL
    Trips to Las Vegas:
    49
    One of the few places where I still use cash is at the casinos, everywhere else I use credit cards and/or Apple Pay whenever possible. I also never use a debit card for paying or transferring funds, since if a bad guy gets ahold of your banking info, they can clean out your bank account before you know it.
     
    • Agree Agree x 3
  10. pressitagain

    pressitagain VIP Whale

    Joined:
    Aug 15, 2013
    Messages:
    3,326
    Location:
    Toronto, Canada
    Trips to Las Vegas:
    8
    This would work for me. I hate carrying a wad of cash...
     
  11. Chuck2009x

    Chuck2009x VIP Whale

    Joined:
    Apr 5, 2009
    Messages:
    14,199
    Location:
    Boston
    Trips to Las Vegas:
    30
    I think this angle wasn't quite covered in the CDC Gaming Reports article:

    The amendments remove an interim step required in existing cashless system regulations. Previous regulations required funds to be transferred digitally to a device in a casino that would print out a dollar amount that could be used in slot machines. That step has been removed, and systems now will be able to move funds from a digital wallet that could be accessed via a smartphone or tablet directly to slots or tables. Customers would be able to move winnings from a machine or table to the digital wallet for transfer to a bank account.

    https://www.reviewjournal.com/business/casinos-gaming/cashless-gaming-on-its-way-to-las-vegas-casinos-2061075/?itm_source=parsely-api
     
  12. LvBlitzforce

    LvBlitzforce VIP Whale

    Joined:
    Mar 27, 2017
    Messages:
    1,004
    Trips to Las Vegas:
    9
    My Coinbase account is hoping so....
     
  13. dmr

    dmr Registered Abuser

    Joined:
    Feb 18, 2011
    Messages:
    19,794
    Location:
    Somewhere in Middle America
    Trips to Las Vegas:
    70
    Just so they don't make cashless mandatory!
     
    • Agree Agree x 2
  14. Catzilla

    Catzilla VIP Whale

    Joined:
    Apr 25, 2015
    Messages:
    2,957
    Location:
    It's Oregon not Oragone
    Trips to Las Vegas:
    33
    I guess instead of an envelope I could have a card for each day. It would sure take the fun out of sitting on the bed at the end of the day and spreading out all those hundreds...

    Yeah, I was kidding. I have done it with twenties though. :rolleyes:
     
    • Like Like x 1
  15. JaDubya

    JaDubya High Roller? Nah...just a Roller

    Joined:
    Jan 18, 2020
    Messages:
    4,181
    Location:
    California
    Trips to Las Vegas:
    40
    • Like Like x 1
    • Love Love x 1
    • Funny Funny x 1
  16. flyguyfl

    flyguyfl MIA

    Joined:
    Apr 11, 2014
    Messages:
    3,801
    Trips to Las Vegas:
    75

    Agree. That takes some of the fun of gambling at Vegas away. Heck, you could play slots on your device at home.
     
  17. ACSCLE

    ACSCLE Low-Roller

    Joined:
    Mar 14, 2019
    Messages:
    350
    Location:
    Cleveland, Ohio
    Trips to Las Vegas:
    3
    There's no way any casino in Vegas, or anywhere, is going to move to cashless only. They know where the money comes in from and they aren't trying to turn away all the senior citizens who don't even have a cell phone at all. The option should absolutely be added for those who like cashless payments/transactions but switching over completely is just not going to happen ever. There would need to be an entire societal shift and by the time that could potentially happen none of us will be here anymore.
     
    • Agree Agree x 2
  18. pressitagain

    pressitagain VIP Whale

    Joined:
    Aug 15, 2013
    Messages:
    3,326
    Location:
    Toronto, Canada
    Trips to Las Vegas:
    8
    Just take a look at how far these payment companies have come over the past 15 years.

    Vegas has fallen behind this new generation of people who rely on these new payment options. This generation has proven that it’s not afraid to spend the money. They just don’t use cash.....
     
  19. woodsie

    woodsie VIP Whale

    Joined:
    Jan 19, 2012
    Messages:
    1,805
    Trips to Las Vegas:
    18
    Can you imagine a Vegas pocket dump in the year 2025 where you just take your debit card out and throw it on the hotel bed?
     
    • Funny Funny x 3
  20. rcbeamer

    rcbeamer Low-Roller

    Joined:
    Nov 6, 2014
    Messages:
    358
    Location:
    Milwaukee, WI
    Trips to Las Vegas:
    25
    I had an English teacher in HS who was a computer geek (He also taught a computer class which I wasn't in, but one time I walked by his high-tech classroom and saw him put a phone's tranceiver in a cradle. I asked him "What are you doing?" He explained that his computer was "talking" to another computer at a different HS.) He subsequently said that with computers, in the year 2000, (20 years on from then) we will have a cashless (AND PAPERLESS!!!) society. Whew!
     
Thread Status:
Not open for further replies.