Jim, Gene can attest to the fact that casino credit is potential dynamite on both sides of the gaming table. On the player's side it provides the bankroll for a possible bonanza of winnings and on the casino's side it can be a nightmare of attempts to retrieve the counter if the person on the other side of the table loses! Notice that in both instances the burden is the casino's! It's interesting to see that Sia owes millions to not 1 but 4 casinos in the same town. You'd think they would have communicated with each other when dealing with that "whale". If they shared information maybe they would have found out that he was nothing but a bottom sucker. In any event, it looks like write-offs are in the future for those casinos. Maybe one of our legal minds can tell us what the success rate is for casinos retrieving credit loses in our legal system. Are casinos viewed as legitimate "lenders" in our courts?
|