Chuck,
A few years back one of the owners of the Phil. Eagles football team lost a huge amount of money in an AC casino. The casino took him to court. He claimed the casino should have cut him off of drinks therefore he should not have to pay back his losses (markers). The court held that he was a big boy responsible for his own actions and indeed AC MARKERS WERE A VALID DEBT AND COLLECTABLE FROM THIS PENN. RESIDENT.

Markers in Nevada are a legal and enforceable debt. No different than any other debt.

If the "whale" has his debt forgiven by the joints, he has taxable income from forgiveness of debt. The government will go after him for the tax, but probably never collect it.

Hope this answers most questions involving this area - really do not like to talk about it. Gives me nightmares.<LOL>

The joints do not talk back and forth about these type of players for fear they will loose him to a competitor. They will ALWAYS give him more than his credit line whatever it is. Also he may pay back 30 cents on the dollar. The joint will wipe the slate clean and invite him back like nothing happened. In my career I have seen it happen hundreds of times. Don't forget the gun runner who sold guns to both side in the Vietnam war - he was a real piece of work. The DI would do anything for him.<VBG> Best, Jim