How does casino money laundering work12/28/2023 In either case, whether the cash is accepted and counted out at the table (they will do it in stacks of $2500. It would have to be a very high end casino to be willing to hand over 50K in chips at the cage (there is usually a limit to how much in chips the cage will hand over), but any casino will accept the $50K in cash on deposit as front money as long as the player is fully identified. Depending on the casino, the cage will convert a certain amount of cash to chips, but there is a limit. If not, he'd send him to the cage to submit what else needs to be submitted.īut even after all that, the pit would suggest that the player just go to the cage to have the money counted quickly in their Scarface machines, and converted to chips at the cage, or simply deposited as front money. If not, the pit boss would ask for the player's ID or passport, and enter all that information, and wait for the system to notify him that the player is fully identified, and good to go for a $10K or higher cash transaction. The pit screen would tell him that player was okayed for submitting over 10K in cash. He'd then look to make sure that the player has his identifying information including social security number or foreign passport and identification on record. When the 50K was presented at the table, assuming the pit boss didn't already know who the player was, would ask for the player's player card or ID.
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