The Pros and Cons of Casino Credit 

Casino credit is a line of credit that allows a patron to gamble with money from his or her checking account rather than cash. In some cases, the credit may be given in the form of a marker (a legal IOU similar to a post-dated check). The money is drawn from a player’s bank account and is usually due back within 30 days; players who are unable to pay off their markers in time can face financial penalties. 

Casino credits are usually only available for those who regularly play at the casino in question. Applicants must fill out a credit application and provide the necessary information to receive the scrplay casino line of credit. The credit department of the casino will then review the application and check with a consumer reporting agency or credit database company such as Experian, TransUnion or Equifax to ensure that the applicant is not already carrying excessive debts. The amount of the credit depends on a variety of factors, including the individual’s credit history, available balance in his or her checking account and other assets. 

When it comes to obtaining a casino credit line, most casinos are willing to give qualified gamblers a fair deal, especially those who have been regular patrons for years. However, the process is not without its drawbacks, particularly for those who are prone to irresponsible gambling habits or have a tendency to spend more than they can afford. 

One of the main problems with casino credit is that players are required to fill out a credit application, which involves releasing more personal data than many would like. Video poker players have learned to live with W2-G forms, but table game gamblers are more reluctant to divulge such sensitive information. The casinos also have a database called Central Credit where they can find out your previous playing history and if you’ve been paying off your markers in a timely manner. 

In addition, a lot of casinos are concerned about the fact that patrons can walk away with their markers and use them at other casinos. If you’ve drawn on a marker at Bellagio, for example, and then take it to Caesars to gamble, this is known as “walking with the marker.” This irritates the casinos because they are not in the business of providing interest-free loans to help people gamble elsewhere.


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