{"id":412,"date":"2012-03-10T16:24:36","date_gmt":"2012-03-10T16:24:36","guid":{"rendered":"https:\/\/forumarchives.tmsites.net\/index.php\/2012\/03\/10\/casino-credit-line-pros-and-cons\/"},"modified":"2012-03-10T16:24:36","modified_gmt":"2012-03-10T16:24:36","slug":"casino-credit-line-pros-and-cons","status":"publish","type":"post","link":"https:\/\/forumarchives.tmsites.net\/index.php\/2012\/03\/10\/casino-credit-line-pros-and-cons\/","title":{"rendered":"Casino Credit Line Pros and Cons"},"content":{"rendered":"<p><!-- Original Post Content --><br \/>\nWondered if any of you had thoughts on the advisability of having a credit line.  On the forms I&quot;ve looked at, it appears that you might have to authorize them to draft a bank account for repayment, unless you clear the line with your own check or cash before leaving.  In any event you are leaving a win\/loss trail for the IRS to follow, it seems.  If you are a high roller, how do you avoid carrying an illegal sum of cash in your carry-on?  I think it&#8217;s something like $10K.  Do you have to declare it?  What about having a 401G savings account at a major national bank, so you can withdraw and deposit, in Vegas, to avoid holding a lot of cash during travel?  And, if you look at the forms, Nevada law governs all disputes, so you have a long way to travel if legal issues arise.  Just wondered what some of the more experienced players think about this.  I suppose a line of credit is no more information for the IRS than your player&#8217;s card, where the house keeps track of your wins and losses.<\/p>\n<p>\tAlamo<\/p>\n<hr>\n<h3>Replies:<\/h3>\n<div class=\"migrated-reply\" style=\"border: 1px solid #eee;padding: 15px;margin-bottom: 15px;border-radius: 5px\">\n<p><strong>Posted by:<\/strong> Pointman on March 10, 2012, 9:47 pm<\/p>\n<div>There is a product called VIP Preferred. It&#8217;s like  taking cash from your bank account. You have to go to the casino cage to get the money. Basicly, your just signing a check. Eventhough you do it in a casino, you don&#8217;t need a players card. It&#8217;s strickly a transaction between VIP Preferred and you. Many casinos all over the country use it. Some small places do instead of a line of credit.<br \/>\n\tI&#8217;m not promoting the product, just letting you know there is another option out there. <\/p>\n<p>\tThe con of there service is that you can&#8217;t deposit the money back in at the casino. The pro is you could have a 14 day delay from when you get your money till they draw it out of your account. <\/p>\n<p>\tIf you use this or any service, LOC etc, Only allow access to your gambling account. Never expose them to any other accounts you may have.<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Wondered if any of you had thoughts on the advisability of having a credit line. On the forms I&quot;ve looked at, it appears that you might have to authorize them to draft a bank account for repayment, unless you clear&#8230;<\/p>\n","protected":false},"author":18,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-412","post","type-post","status-publish","format-standard","hentry","category-craps"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=412"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/412\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}