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The Chip Board Archive 02

Re: Hey, Gene & Chuck. . . You know this guy?

Gene you say "Casinos bay taxes on the bad markers" is incorrect. With the way the NGC-1 & NGC-31 works, casinos only pay on what they collect. They claim Gross Revenue on one page which is the Statistical Drop less Marker Credits ($ transferred to the Cage." When they start collecting the $, it is claimed on the second page as "Collections in Areas Other Than the Pit", so if they don't collect, they simply don't pay. Same with settlements (inducement to pay off a portion of the marker - hey 80% of something is better than nothing, plus it's all play money to the casino until payment)- only pay what they collect. Same concept, but a little different for RCC's (Returned Casino Checks).

Gene - ask your Controller to show you how the NGC's work!

Also, most casino use Central Credit whcih does link most casinos in the counbtry and can tell you if so and so owes whatever at the MGM, Mirage, Caesar's AC, wherever. Also, shows approximate credit line and if he is a good credit payer. The average credit collection rate over the last three years in NV is approximately 96%.

Someone else can explain table games & Regulation 6A later!

Hope this clarifies somewhat.

Messages In This Thread

Hey, Gene & Chuck. . . You know this guy?
Re: Hey, Gene & Chuck. . . You know this guy?
Re: Hey, Gene & Chuck. . . You know this guy?
Re: Hey, Gene & Chuck. . . You know this guy?
Re: Hey, Gene & Chuck. . . You know this guy?
Re: Hey, Gene & Chuck. . . You know this guy?
BLAST FROM THE PAST CHIP SHOW
Re: BLAST FROM THE PAST CHIP SHOW
Re: BLAST FROM THE PAST CHIP SHOW
Re: BLAST FROM THE PAST CHIP SHOW
Re: BLAST FROM THE PAST CHIP SHOW
Re: BLAST FROM THE PAST CHIP SHOW (IMPORTANT QUESTION & REQUEST)
Re: BLAST FROM THE PAST CHIP SHOW (IMPORTANT QUESTION & REQUEST)
Re: Hey, Gene & Chuck. . . You know this guy?
Re: Help with credit line.
Re: Help with credit line.
Re: Help with credit line.
Re: Help with credit line.
Re: Hey, Gene & Chuck. . . You know this guy?
Re: Hey, Gene & Chuck. . . You know this guy?
Re: Hey, Gene & Chuck. . . You know this guy?
Re: Hey, Gene & Chuck. . . You know this guy?
Re: Hey, Gene & Chuck. . . You know this guy?
Re: Hey, Gene & Chuck. . . / IRS AGAIN
Re: IRS AGAIN-YES, THEY STOP THE GAME
Re: IRS AGAIN-YES, THEY STOP THE GAME
Re: Hey, Gene & Chuck. . . You know this guy?
Re: Hey, Gene & Chuck. GAMING TAX!!!
Re: Hey, Gene & Chuck. GAMING TAX!!!
Re:Marker Collectability & Taxes
Re:Marker Collectability & Taxes
Re:Marker Collectability & Taxes

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