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How to use line of credit at South Point?

Discussion in 'Off-Strip Hotels' started by LBTRS, Feb 11, 2020.

  1. LBTRS

    LBTRS Low-Roller

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    I have a line of credit at the South Point and have never used casino credit before. What is the proper procedure? Upon my arrival sit down and ask for a marker with my players card? Is it proper to ask for just what you're wagering at that table or can I get more to move around the casino with?

    When you color up to leave I don't have any responsibility at the table before I leave the table do I?

    Thanks for any insight.
     
    Daughters 21st Birthday
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  2. deuceswild

    deuceswild Tourist

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    I haven’t had credit line in years but from what I do recall I initially had to go to the cage to sign some paperwork to get access to my credit line.

    Handed in my players card and ID to whatever table I was playing at and asked for my marker. When I was done playing I just returned whatever chips I had to my front money account. Never walked around with chips.
     
  3. Jimmy M.

    Jimmy M. Tourist

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    Get a marker at the table with your player's card and I.D..
    They'll ask what you want (usually $500 minimum), and what form (4 blacks and the rest in nickels or whatever).
    Sign your marker, go have fun. Repeat the next day.
     
  4. Here2Learn

    Here2Learn Low-Roller

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    You may need to go to the casino cage first and sign a form. I have to do that for every new marker before taking chips out at a table.
     
  5. TomTWI

    TomTWI Custom Title

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    I used a couple times and didn't need to go to casino cage first. That's assuming everything was set up prior to trip.

    TomTWI
     
  6. LBTRS

    LBTRS Low-Roller

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    Thanks everyone, appreciate the insight. So if I sign a marker for blackjack and decide I want to go play craps I should turn in any left over chips at the blackjack table and sign a new marker at the craps table? Is that what you're saying deuceswild?
     
    Daughters 21st Birthday
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  7. JaDubya

    JaDubya Low-Roller

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    @LBTRS - I too haven’t done a marker in years, but here is what I remember. You sign up for it at the cage (or even electronically prior to your trip) to make sure you qualify. The dollar amount of the line is based on your request & your wherewithal to pay. If you applied for and you haven’t used it in along time since you applied for/last used it, go to the cage. They may make you re-sign the paperwork to acknowledge that their information is still current.

    From there you can get chips at the cage or tables. You don’t need to pay down the marker to switch tables or type of table games. The marker is a promise to pay so during the time you are at the table, the physical marker may get moved to the cage or be in transit to the cage. If it’s moved, you will have to pay it off at the cage.

    I used to like to pay down the marker if I was up. If it’s slow in the pit, probably not a big deal but could be annoying if they are swamped. Unless you’re a whale. The cage will often ask you if you have any outstanding markers if you cash in a lot of chips.

    If at the end of the trip you don’t have the cash/check on hand to pay off the markers (or maybe you’re in a rush and a marker is still in transit from the table to the cage), the casino will bill you. If you fail to pay I’ve heard it is equivalent to passing a bad check & could result in jail time. Once paid off, they will return the marker to you as evidence that you paid it off. They’ll mail it if you settled up through the mail.

    They keep whatever bank information you provide. For instance if you applied using one bank’s information & pay down the marker with another, both banks will be listed on your banking information there forward.
     
    Last edited: Feb 12, 2020
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  8. LBTRS

    LBTRS Low-Roller

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    Perfect, thanks JaDubya and others. I already have it approved and this info helps a lot.
     
    Daughters 21st Birthday
    Solo Trip Downtown
  9. deuceswild

    deuceswild Tourist

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    Hey like JaDubya said you don’t need to pay off the marker before going to another table and/or completely different game. I never deposited the chips back into the front money if I was changing just tables at blackjack but if I was to switch to craps or roulette or any other game I would deposit back and retake a marker. That’s for my own preference.

    Edit: I hope you win big! Lol
     
  10. checkchange

    checkchange Low-Roller

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    Usually can apply for CL pre trip on line/phone.

    Once approved and it is based on average checking account balance or savings account or lv account :D over months. You get word you're approved and to go to cage upon arrival.

    At cage you're verified as to who you are via player card and drivers license/passport and name of firstborn child :) Sign.

    Off you go, at table tell dealer you want to take out a marker and amount, pit critter shows up verifies ID, tell him amount you want, he/she checks computer if you're legit a paperwork ie YOU ARE SIGNING A CHECK ie marker and off you go.

    Play till whenever and you can color up and play other games, get drunk, whatever. If you go to cage and cash in chips, cashier may ask if you have any markers. If yes you can decide if you want to apply these chips against the money owed. Common courtesy is if you can pay marker do it, IF NOT or if you don't feel being courteous, that marker ie check will be processed.
     
  11. makikiboy

    makikiboy VIP Whale

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    Not all casinos allow you to sign up for credit by phone. Check with casino.

    As for L8trs, if you got approval for credit more than a year ago some casinos may require you to sign a consent form again. For instance, Boyd downtown casinos require a new consent form signed every year. This to keep your record up to date. Some casinos may again run a credit check just to make sure you have the funds to gamble with but after initial credit approval they seldom run a credit check again unless they had problems with you paying back the marker.

    You don't have to pay back your marker at the end of your session, you can use the money for play another day. Then you can decide if you want to pay back your markers the day you leave for home or just wait until they mail you a bill for the marker. Usually people don't have the $$ to pay back so they just wait until they get home and get their bill. Then like regular bills you have a certain number of days to pay back the marker. If you don't pay back the marker in their due date then they will take the money out of your bank account to pay off the marker.
     
    Last edited: Feb 12, 2020
  12. vsop

    vsop Low-Roller

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    For the OP, just to be clear, when you sign for a marker, you are in effect signing a counter check with the casino being the Payee....you can sign for as many markers (usually min. $500 increments) as your approved line allows....You may pay off each marker after each gambling session or pay off the marker(s) at the end of your stay or "do nothing"... Do nothing is allowing the casino to forward the markers you signed (remember the markers are counter checks) with your financial institution for payment...
    AFAIK, the casino does not sent you a bill for the unpaid markers....the casino will send you a copy of the markers stamped as PAID, once the casino receives payment from your financial institution...
     
  13. JaDubya

    JaDubya Low-Roller

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    @vsop the discussion about the unpaid markers & sending it to your financial institution, do you speak from experience on this? I’m aware the casino has the capability to do that, it just seems so invasive as it might require human intervention by a bank employee to do this (i.e., it could be embarrassing to the player depending on the personal relationship the player has with the bank).

    I would think billing would be the first option, unilateral withdrawal from the player’s bank account second option, then lawsuit/arrest warrant (a la Antoine Walker) is the final scorched earth option.

    My billing comment comes from personal experience but I haven’t done a marker in a long time, so maybe things have changed.
     
  14. smerrian

    smerrian View from Bally's

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    Once you have the money/chips, they're yours to play with anywhere in the casino. The casino does expect you to use the money in THEIR casino. If you want to leave the casino, you should pay off the marker and get a new marker at the new casino. But, while in the casino you can take those chips/money anywhere. When asked at the cage if I have any markers to pay off when cashing chips I often will just say, "No" so that I can take the cash to video poker machines.

    If you choose not to pay off the marker (check) at the end of your trip, the casino will just send the marker (check) to your financial institution to cash. They do not come to you unless there is a problem like insufficient funds or something of that nature. After signing the marker (check), the casino will hold it for 'x' number of days. Different casinos have different policies. For instance Harrah's-AC will cash a marker for $1000 or less after 7 days and a marker for $1001 or more after 14 days. I believe Harrah's-LV has held markers of mine for a month before cashing.
     
  15. JaDubya

    JaDubya Low-Roller

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    Thanks @smerrian - learned something new. I guess they don’t mess around anymore.
     
  16. mjames1229

    mjames1229 # of visits includes only trips w/ hotel stays

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    Boyd (downtown, at least) does send a statement about a week after the date of the first marker, and gives you two weeks to send a check to pay it off.
     
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  17. Chuck2009x

    Chuck2009x VIP Whale

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    If you take a marker at a table, have a winning session, go to color up, and the marker is still at the table (hasn't been sent to the cage yet), the box may ask you if you want to pay it off then and there (with chips). Your choice.

    If you're only up a little, you probably won't want to.

    If you doubled your buy in, or it's close to the end of your trip, you might want to pay it off at the table, it'll save you a few minutes not having to pay it off at the cage.
     
  18. vsop

    vsop Low-Roller

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    Though I normally pay off any markers at the end of my stay (cash and/or personal check), there were a couple occasions where I did the "do nothing" option... I think I may have told the cage to send the markers (remember these are checks) to my bank for payment and I later received the "cancelled" markers from the casino....
    As an aside, maybe some casinos send the player a bill if the markers were not settled at the end of the player's stay, but I would be very wary of this since, the markers ARE negotiable financial instruments, so I'm not going to write another check to the casino...
     
  19. LBTRS

    LBTRS Low-Roller

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    Great information guys, thanks again. I already have the credit line approved and ready to go. I'll swing by the cage and see what they need and now know how to use it at the tables.
     
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  20. makikiboy

    makikiboy VIP Whale

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    I can confirm this. Boyd sends you a bill a week or two after you get home and you have 2 weeks to pay back. If you don't pay by the due date they will take it out of your bank account and mail back your markers.

    I'm not sure how the other casinos handle markers and bills but this is how Boyd downtown casinos do it.