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Could Casinos Go Cashless because of Coronavirus?

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

  1. ReTriggerMe

    ReTriggerMe High-Roller

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    Isn't there some obscure law that cash is legal tender and cannot be declined?
     
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  2. dmr

    dmr Registered Abuser

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    I'm sure the fact checkers have debunked that one some time ago.
     
  3. wormhole

    wormhole VIP Whale

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    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

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    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

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    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/

     
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  6. notfromconcentrate

    notfromconcentrate Connoisseur of dive casinos and obnoxious outfits

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    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
     
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  7. 3OfDiamonds

    3OfDiamonds Vegas is Fabulous When You Degen Responsibly ;)

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    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:
     
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  8. Vegas Todd

    Vegas Todd MIA

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    Ughhh... Cashless Vegas?
    My God, It is the end of the world...
     
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  9. SMG

    SMG High-Roller

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    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.
     
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  10. pressitagain

    pressitagain VIP Whale

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    This would work for me. I hate carrying a wad of cash...
     
  11. Chuck2009x

    Chuck2009x VIP Whale

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    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 Low-Roller

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    My Coinbase account is hoping so....
     
  13. dmr

    dmr Registered Abuser

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    Just so they don't make cashless mandatory!
     
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  14. Catzilla

    Catzilla VIP Whale

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    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:
     
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  15. JaDubya

    JaDubya High Roller? Nah...just a Roller

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  16. flyguyfl

    flyguyfl VIP Whale

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    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

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    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.
     
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  18. pressitagain

    pressitagain VIP Whale

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    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

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    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?
     
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  20. rcbeamer

    rcbeamer Low-Roller

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    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!