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Case of NBA Star Brings Casino Marker Usage into Question
LAS VEGAS, NEVADA --
The hearing for ex-NBA star Antoine Walker regarding his unpaid gambling debts and outstanding casino markers resulted in a continuance, as his representatives say negotiations with the casinos involved are underway. But the latest high-profile case concerning the use of casino loans by celebrities is causing questions about the practice to arise.
Some gaming industry watchers are saying the indiscriminate offering of markers by casinos, partnered with the willing prosecution by the Clark County District Attorney, sets players up unfairly. Markers are treated like checks, except rarely does a bank write out a check for one while plying them with unlimited free drinks in a distracting atmosphere.
The point is also raised as to whether the Las Vegas casinos would be so quick to extend markers if it were not for the prompt and immediate attention bad markers receive from the D.A., who collects a ten percent administrative fee on debts paid after charges are brought. The whole deal becomes an infallible loan shark scheme that tempts consumers to play beyond their means, say critics.
"Here there is absolutely no disincentive for the casino to lend the money," says Las Vegas Sun respondent Little Caesar. "just have the sheriff act as your debt collector."
Walker owes $822,500 to Caesars Palace, Planet Hollywood, and Red Rock Resort for play over a six-month period. Rumors persist that the former Boston Celtic has squandered much of the fortune he earned, and is trying to arrange payment he could afford.
Previous Gambling Law News Articles
Recent Comments
| Posted by eddie bitton on 02/01/2010 02:01:07 AM EST |
| harrah's in particular caesars palace is a repeat offender of cheating players...lying drugging and cheating is what caesars does to its high rollers...player beware!!! |
| Posted by Jack Smith on 02/11/2010 10:54:14 AM EST |
| Nevada is the only state where you can lose everything you have and send your wife and daughters to work in a brothel to survive. This state does not give a damn about it's people who have been sold out by law makers. They should have a law in force to limit what a person can lose in Nevada so that they don't end up losing their houses and family overnight like it is now. The casinos suck the blood out of innocent working families and nobody seems to care. It will take a act of God like in the bible on how some very evil cities were destroyed by god in the past. |
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