A casino is a place where you bet your money to earn jackpot prizes. It is a game of skills and extreme luck. Many people like to spend their weekends and bet their money on casinos. Have you ever wondered what happens if you want to bet and you have no money? Many people face that situation as they come with money to bet but after losing their every penny, they just want a take a risk of bet again to earn their lost money.
In that case, the owner of the casino lends some money to the person so that they can continue their betting. It is known as a casino marker.
What is Casino Marker?
It is a term used when the owner of the casino or the manager lend some money to the customer to continue their betting. If the person fails to repay the amount in 30 days then the owner of the casino can file a complaint against that person. It is a zero-interest amount. The owner can this matter into court and can sue the person legally if not repaid on time.
What are the penalties imposed on the customer?
If the person didn’t have enough funds in their account to repay the credit or if they got delay to pay the amount then the following penalties can be imposed on them. Here is the list of penalties:
- In Nevada, the accused can be imprisoned for 1-4 years in prison along with $5000 as fine and administrative fees if the lending amount is $1200 or higher.
- If the lending amount is less than $1200, then the imprisonment of 6 months along with $1000 as a fine charge.
- Different states have different laws regarding due payment. In Vegas, if the person is unable to pay the amount, then a warrant gets issued in the name of the person.
How can the accused person fight with this acquisition?
The accused person can hire a lawyer for him/her and can settle this matter in court. Another way is to settle the case outside the court through some settlement or some compromise. If the person wishes to settle the matter in court, then the person has the right to call for a lawyer. The person should hire an experienced lawyer in that field so that they can work things out accordingly and effectively.
The lawyer can defend the accuser by stating the fact that the marker is invalid or by stating that the accuser got no intention to defraud the casino. That’s why it is important to hire a professional and experienced lawyer.
Many people take a loan from the casino to never return them and then leave from that state. In many states and countries, many casinos check the authenticity of the person who takes the credits. They check the information, the balance of the bank account, and more so. This is done to save the casino from frauds and scams.