Some good suggestions, Pat. Here are a couple of more general
comments/suggestions on the subject of cash in the casino
-- If you do bring a large wad of cash to LV, or accumulate quite a
stash, an alternative to the room safe is to put the funds on deposit
at the cashiers window in the form of a safekeeping (or front money)
account. As needed you can deposit additional funds or draw on the
funds on deposit via markers. When it's time to go home, you settle
the markers against the funds on deposit and close out the account.
An advantage of the safekeeping account over a room safe is quick
accessibility (maybe not so great if you're rash in nature) and the
fact that you can open it the second you step in the casino and not
wait until you're settled into your room. You can keep the account
open even after you check out of the hotel, and for that matter don't
even need to be a casino guest (just hold an players card there).
I've been known to send my wife to the taxi line while I run to close
out the account.
-- An alternative to bringing cash to town is to wire funds in
advance into a front money account. I find this a preferred
alternative to bringing a cashiers check (I can hold a wad of cash but
individual slips of paper elude me easily -- UPS tried to deliver a
package from the Orleans Friday. Can't wait to see what I managed to
drop there that they thought was worth sending.) You'll still have to
take the funds home in cash, although if the amount on deposit is
larger than the original wire they can reverse the wire back to your
account for that amount.
-- With a large win, always keep in mind you have the option to ask
for the all or a portion of the win in the form of a check. If you
neglect to, there's one backdoor means by which you can probably get a
check before returning home (provided the win is under $10,000):
Deposit the win, in exact amount, in a safekeeping account. Don't
draw funds against the account. Before leaving the casino, present
your W2-G and ask that the funds be returned to you in the form of a
check. You'll probably have to be a little insistent and need to
repeat the request to a manager, but with evidence that the funds were
won in the casino they should be comfortable that you're not
attempting some ruse to get around currency reporting requirements.
There's a decent chance they'd even let you take a portion in cash and
still write the check.
Most may think this more trouble than it's worth, but in the heat of
the moment it's easy for forget to request check payment for a jackpot
and the attendents seldom ask (in my experience on up to $8K, at any
rate).
- Harry
(... easing out of the irritable SOB stage of withdrawal from a
9-night LV trip. Anyone else know what the other 4 are - ala the five
stages of grief?)
Pat O'Connell wrote:
···
1. Stay away from areas that make you nervous.
2. As someone else suggested, use an ATM card. Travelers checks are an
alternative if your bank doesn't have an ATM card, or you plan to
gamble/spend more than your withdrawal limit for a day.
3. If you don't have an ATM card or have to carry cash for some other
reason, get a room with a safe, and keep most of your money in that
safe. Carry with you only the amount you plan to gamble on that day.
Substantial wins should probably go back in the safe.
4. There also exist "passport carriers" that are small pouches with a
neck cord, for carrying a passport, money, credit cards, and that sort
of thing.