Casino “tokens” are short-term interest-free credit lines provided to casino gambling owners. Usually, these loans are issued with a 30-day period, i.e., customers are expected to repay the loans during this time. More details about the casino marker in this article helped us to get acquainted with the gambling expert of Slotsspot Mr. Coleman.
Casino marker
The casino marker was invented in the state of Nevada. In the world of gambling, it is a convenient tool for players, which allows you to increase the stakes and continue the game. Tokens often provide serious assistance, helping players win large sums.
Las Vegas casinos widely use tokens to increase turnover in their business.
Non-fulfillment of obligations in most regions is considered a minor civil violation in the United States. The Nevada authorities consider the default on markers to be a rather serious crime, classifying it as a malicious fraud. All this entails prosecution, the borrower has a chance to go to prison.
Penalties
If the value of the token is less than $1 200, then unfulfilled obligations are considered a minor offense. It is punishable by up to six months of imprisonment or a fine of $1 000.
All other cases are class D felonies. The punishment can be up to 4 years of isolation of the violator.
Compensation
The compensation can be given in the two following cases:
- if the debt is up to $10 000, then the administrative tax does not exceed 5%;
- if the amount is from $10 000, then the tax on the marker will be 10%.
Penalties are also allowed by a court decision in the amount of $5 000. A separate charge from the prosecutor’s office is received for each marker separately. The casino can also file lawsuits in court on its own initiative. Charges can be dropped if the tokens are returned. Refunds can also be made in installments.
If the charges are closed, then the bankrupt debtor has the right to repay any debts.
When the payment deadline arrives, the casino asks the defendant for the indicated amount. If the debt is not closed, then the investigation and criminal case are activated. In online gambling rarely encounter such situations, so players prefer to play in the instant play casino.
There are some mitigating circumstances that may help the defendant:
- severe illness;
- the defendant was inadequate when he took out a loan (alcohol, drugs, nervous breakdown).
Many lawyers defend their clients using similar excuses.
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Player’s rights
The accused have the right to create a payment plan, in which case they can avoid all charges. If the amount is paid 100%, the prosecutor will drop the charges
The judicial authorities of the state of Nevada issued a ruling: casino markers comply with constitutional rules. More recently, this statement has been analyzed once again. Court rulings remained unchanged for Nevada.
The case of Harel Zahavi who did not return $400 000 can be a perfect example. The court reviewed his case and issued a verdict: suspended imprisonment for a period of 3 years. If the borrower is in such a mess, he can be bailed out, but for this, you should find a good lawyer from the state of Nevada. Las Vegas lawyers have extensive practical experience in such cases. Detailed methods have been developed on how to save people who got into similar scrapes.
Conclusion
If you plan to gamble without limited personal funds and/or relying mainly (or only) on the casino’s credit line, make sure you understand exactly how the casino’s “token” works. This will make it possible not to lose money.
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