Gamblers with big debts often become sore losers who refuse to settle their gambling debts and a growing number are resorting to inventive legal means to repudiate any money they may owe a casino
Land based casinos often offer markers to the High rollers who frequent their lobbies and who regularly play at their tables. Markers are offered, over and above other incentives such as free stays at the hotel casino if the casino happens to have one, free food and free travel to the casino. A marker is a sort of loan from the casino which, like any bank loan is expected to be repaid.
Gambler Jerome (Jerry) Powers is one such person who decided to accept a marker of $1, 2 million from Mohegan Sun, a Casino based in Connecticut and owned by the Pequot Indians. The amount was loaned to him by the casino for his losses one night whilst playing Blackjack.
Powers is both Chief Executive Officer and co-chairman of Plum TV, a media company in operation since 2002. He had also struck a multi-year magazine deal with casino mogul Donald Trump in 2007 and from which he boasted to be raking in $20 million. Bearing his title and outward appearance in the media, it is clear that any institution would have been willing to loan funds to a man of his standard and means.
Instead of repaying the marker, Powers wrote up checks to the Pequots, none of which were honored by his bank. He went on to claim that he did not want to honor the payments on principal because gambling is not allowed in Connecticut in the first place and that the State of Connecticut forbids the extension of credit for gambling purposes so, the marker amounted to an illegal contract from the beginning. This undoubtedly feeble excuse to settle his debt was rejected in a New London court where the judge ruled that the Pequots could attach Powers’ assets to the value of $1, 2 million. Powers appealed this decision and we are eagerly awaiting the outcome of his future trial.
Sadly, Powers is but one of these gamblers trying to welsh on repayments of money they owe to casinos.
A female gambler in Indiana owed $125,000 to one of the casinos in her state. Her defense for the non- payment of funds is that the Casino knew she was a problem gambler but they would entice her to come back over and over again by offering her free limo ride, food and lodging. Unable to give in to this temptation, she willingly obliged and now faces a serious amount of gambling debt which she refuses to settle. The court is yet to come to a decision on this matter and I will also be following this story closely to learn the outcome.
In yet another incident, a problem gambler in California is refusing to settle a $500,000 marker, extended to him by a Las Vegas Casino. His attorney was brought in after a streak of losses. A letter was sent by his attorney to the casino telling them to cancel all lines of credit between his client and the casino and to not provide him with further markers, should he return to Las Vegas. The Casino still offered him the $500,000 marker on his next visit, which he lost. The lawyer’s defense here was that the casino had willingly assisted a problem gambler, even though they signed an agreement which stated that they supported responsible gambling.
Unlike the mortar casinos where these cases have been popular, the 메이저놀이터 online are devoid of the loans. The dealers surely gift their players with an entry bonus and cash, but they don’t allow them to have any loans. It is quite safe and conscious playing when the entire control of pay ad play is in the players’ hands.
Finding a Casino that supports responsible gambling is imperative when choosing the most suitable Casino to place your wagers at. Always make sure that the Casino you pick supports a fair gaming policy and this way you, the client, will always remain protected. Any high standard Online Casino will support this policy and clearly show this on their website, it becomes more difficult finding a land based casino that can guarantee the same support so remember to choose wisely!
