What happens if you don't pay off your LV marker?

I'm not suggesting or advocating this but what happens? Don't they have your bank account information and authorization to get the marker paid based on your credit application? Will closing that account after taking out the marker thwart this? Is a gambling debt such as this a legally enforceable debt? Does state law differ on this and is the state of jurisdiction Nevada or your home state? Will non-payment impact your credit rating? Can the casino sue you? What other collections options do they have?
It would seem that they would get the word out to all casinos that you are deadbeat but what else can they do to you and your reputation?

Thanks.

I know Stanford is very vigilant on not promoting anything illegal on his site, so I am not asking any advice about doing anything illegal.

markers are not credit...they are bank drafts (i.e., checks). If you don't pay it the casino will eventually run it through and when it bounces they will hand it over to the Las Vegas D.A.'s bad check division for prosecution.

Otherwise it doesn't affect your regular credit (since it isn't credit) but it will affect your ability to take markers at other casinos as Casino Central Credit will place derog's on your file. (Which since it is not a credit file you're not allowed to see).

Recently read that in Las Vegas the "bounced check" charge on a defaulted marker isn't just 30 or 40 dollars either. It's a percentage of the marker.

See Link Below

Cobbson

Laughing my butt off on Sunday morning! Thank you Cobb. I needed that!

Don't they have your bank account information and authorization to get the marker paid based on your credit application?

Info but not authorization

Will closing that account after taking out the marker thwart this?

Unnecessary because they can't just withdraw the money without your consent

Is a gambling debt such as this a legally enforceable debt?

Yes, in every state

Will non-payment impact your credit rating?

Most assuredly

Can the casino sue you?

Yes. Will they? Yes.

What other collections options do they have?

The #1 tool they use -- more effective than anything -- is DA threatening you with check fraud. It is a fairly bogus crime though and if you have no intent to defraud you should beat the charge no problem. But few people want to deal with that.

It would seem that they would get the word out to all casinos that you are deadbeat but what else can they do to you and your reputation?

Not much except mess up your credit (maybe not even that bad) and make sure you never get credit at any casino for a long time.

Thanks for the very straightforward and simple answers. Nothing too surprising but good to verify. Thanks again.