Gambling And Not Paying Becoming A Problem At Las Vegas Casinos

Las Vegas is losing all sorts of revenue from their casinos on a monthly basis. Part of the financial losses come from the honor system that has been in place in Las Vegas.

Casinos have for a long time given credit to high roller gamblers. They have the option of receiving markers for large amounts of money and then repaying the debts at a later time. The problem is they are no longer repaying the debts.

"On a daily basis, we see large amounts that people gamble and don't repay," Deputy District Attorney Bernard Zadrowski told MSNBC. The reason Zadrowski is involved is because many of these cases are ending up in the Nevada court system.

The state is having a hard time keeping up with prosecuting all of the people that are writing bad checks to cover their gambling debts. It is estimated that about 500 cases a month are received in the Clark County Bad Check Unit.

There have been some high profile cases that have leaked involving sports stars such as Charles Barkley, but those are just a couple of the hundreds of people who are leaving Las Vegas casinos without paying.

The effects on the industry have been widespread. Workers have lost their jobs in other areas outside the casino at these gambling destinations because of the money the casinos are losing from not collecting their debts.

"If casinos do not get this situation under control, it will become a much bigger problem than it already is, and it is a big problem. As tough as it may be to risk losing their best gamblers, casinos must start being more fiscally responsible and not offering high amounts of credit in these economic times," said financial analyst, Thomas Winthrop.

February 11, 2009
Posted By Larry Rutherford
Staff Editor, CasinoGamblingWeb.com
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