vpFREE2 Forums

The Wizard of Odds: Las Vegas Casino Blacklist

#1

This discussion, in a group of largely advantage players, amazes me.

So if you place a bet (any bet) and win, and the casino says "OK, but by our rules, if you don't cash in within one minute, your bet is void" -- you'd be OK with that?

It seems to me that Mr. Shackleford isn't begging to have his ticket paid, but is rather advising players that The Stratosphere is antagonizing players with substandard rules... do with that information what you will.

Many people on this group are glad to slam casinos that lower the paytable on "good" VP machines, or that reduce points/comps on "good" VP machines... but when one of those casinos accepts a bet and loses, folks are suddenly defending that casino when it reneges on a bet because it "expired" -- on that casino's substandard terms?

I'd think that any casino would be thrilled to have a bettor defer collecting their wins for months -- as many people have pointed out, that's just a bunch of time that the casino got free interest on the money. Refusing to pay seems to me to be in the realm of "short term benefit, long term loss" -- the same thing that most people here argue against when a casino slashes their (already negative) VP paytables or comps.

Using that logic, all casinos should immediately strip all 100%+ EV games and all 100%+ EV promotions. Hopefully that won't come to pass.

I hope you eventually get paid, Michael. Meanwhile, I'll tell friends to avoid The Stratosphere.

--Joe

#2

So if you place a bet (any bet) and win, and the casino says "OK,

but

by our rules, if you don't cash in within one minute, your bet is
void" -- you'd be OK with that?

O.K., I can see that maybe "bludgeon" was inappropriate given the
information-age arguement. Further, I don't make sports bets, so I
don't have an emotional attachment to the process. The problem I'm
having with this is that folks seem to think that secret policies
were put in place after-the-fact to thwart the winning gambler.
Aren't the casino's policies fully disclosed to all who seek to know?
Wouldn't a "reasonable man," especially one oriented toward detail,
investigate the rules of a game that he wanted to play beforehand?

An Illinois–area, non-Harrahs casino I was at couple of years ago,
I'm not sure which one, had a statement printed on the cash-in/cash-
out ticket that it had to be redeemed the same day. When I asked the
cashier about it, she was emphatic that they would not redeem an
expired ticket even if cash had been deposited into the machine and
withdrawn without subsequent play. This isn't a direct comparison,
but it is an example of a particular rule that I've never seen
anywhere else. Evidently, they didn't think it made them non-
competitive and Gaming had no objection.

We're the ones that argue that casino policies that reduce EV or
comps or the incentive to wager are counter to the casinos long-term
best interests. They don't think so. Their belief that there are
always more baby-boomers and, recently, more foreign visitors, to
replace ex-customers hasn't hurt the bottom-line yet. Maybe it never
will.

Casinos don't book any bet that their clients want. I may want a
Royal to pay 50,000:1 or a Place 8 bet to pay 10:1, but a casino
isn't going to accept that bet and pay it based on my desires. They
accept bets that are within defined parameters and they're the ones
doing the defining, not us. Our choice is to accept the recognized
policy, even a "one-minute" rule, or walk. It just seems to me as a
non-sports bettor that this house rule is the same as any other, and
to say that a bettor should be allowed to retroactively pick-and-
chose which clearly established rules apply to him and which ones
don't doesn't make sense from the casino's viewpoint. Nice gesture,
notwithstanding, why should they be expected to do something that
doesn't make sense to them simply because we don't like the way it
affects our pocketbook when we chose to disregard the house rule? Why
hold casinos to a higher standard than other businesses?

This doesn't affect me, I'm just wondering.

#3

<<Why hold casinos to a higher standard than other businesses?>>

Name a business that we let keep money they are holding for you after 60
days if you don't claim it.

Cogno

#4

Name a business that we let keep money they are holding for you after

60 days if you don't claim it.

Cogno

Financial institutions come to mind...

Don the Dentist

···

--- In vpFREE@yahoogroups.com, "Cogno Scienti" <cognoscienti@...> wrote:

#5

Not a chance. There are extremely strict regulations on unclaimed money at
financial institutions. The law frowns on forfeiture.

···

-----Original Message-----
From: vpFREE@yahoogroups.com [mailto:vpF…@…com] On Behalf Of
dds2124
Sent: Sunday, February 3, 2008 12:19 PM
To: vpFREE@yahoogroups.com
Subject: [vpFREE] Re: The Wizard of Odds: Las Vegas Casino Blacklist

--- In vpFREE@yahoogroups.com, "Cogno Scienti" <cognoscienti@...> wrote:

Name a business that we let keep money they are holding for you after

60 days if you don't claim it.

Cogno

Financial institutions come to mind...

Don the Dentist

vpFREE Links: http://members.cox.net/vpfree/Links.htm

Yahoo! Groups Links

#6

This discussion, in a group of largely advantage players, amazes me.

So if you place a bet (any bet) and win, and the casino says "OK,

but

by our rules, if you don't cash in within one minute, your bet is
void" -- you'd be OK with that?

It seems to me that Mr. Shackleford isn't begging to have his

ticket

paid, but is rather advising players that The Stratosphere is
antagonizing players with substandard rules... do with that
information what you will.

Many people on this group are glad to slam casinos that lower the
paytable on "good" VP machines, or that reduce points/comps

on "good"

VP machines... but when one of those casinos accepts a bet and

loses,

folks are suddenly defending that casino when it reneges on a bet
because it "expired" -- on that casino's substandard terms?

I'd think that any casino would be thrilled to have a bettor defer
collecting their wins for months -- as many people have pointed

out,

that's just a bunch of time that the casino got free interest on

the

money. Refusing to pay seems to me to be in the realm of "short

term

benefit, long term loss" -- the same thing that most people here

argue

against when a casino slashes their (already negative) VP paytables

or

comps.

Using that logic, all casinos should immediately strip all 100%+

EV

games and all 100%+ EV promotions. Hopefully that won't come to

pass.

I hope you eventually get paid, Michael. Meanwhile, I'll tell

friends

to avoid The Stratosphere.

--Joe

I think that there is a difference of "1 minute" and 60 days. When
there is a casino promotion that involves a drawing, there is a time
limit. Maybe I'm not being realistic, but if I was placing a $1000
bet and won, I'd march my fanny right down there and cash that sucker.

GimmeaQuad

···

--- In vpFREE@yahoogroups.com, Joe Schober <afljoeys@...> wrote:

#7

Many business that sell gift cards penalize the holder
the longer the card is not used.

···

--- Cogno Scienti <cognoscienti@gmail.com> wrote:

<<Why hold casinos to a higher standard than other
businesses?>>

Name a business that we let keep money they are
holding for you after 60
days if you don't claim it.

Cogno

      ____________________________________________________________________________________
Never miss a thing. Make Yahoo your home page.
http://www.yahoo.com/r/hs

#8

>
> Name a business that we let keep money they are holding for you

after

60 days if you don't claim it.
>
> Cogno
>

Financial institutions come to mind...

Don the Dentist

Uhhhhhh....actually, financial institutions DON'T get to keep it--they
have to keep it in custody for a certain amount of time, then turn it
over to the state. This is actually true of ANY BUSINESS OR INDIVIDUAL-
--you do NOT automatically acquire title to unclaimed goods or funds
left in your possession. The funds that represent the proceeds of the
uncashed sports ticket surely fall in this category. That money
BELONGS TO THE WINNING BETTOR. That money is HIS PROPERTY, NOT the
casino's. Period!

···

--- In vpFREE@yahoogroups.com, "dds2124" <dds6@...> wrote:

--- In vpFREE@yahoogroups.com, "Cogno Scienti" <cognoscienti@> wrote:

#9

No they don't. There are very strict regulations in many states. The
exception is Visa gift cards, which still have obnoxious fees applied after
a time, although they've been forced to back it off to 18 months.

Many states prohibit retail gift cards from having any fees or expiration.

Cogno

···

-----Original Message-----
From: vpFREE@yahoogroups.com [mailto:vpF…@…com] On Behalf Of a
k
Sent: Sunday, February 3, 2008 1:11 PM
To: vpFREE@yahoogroups.com
Subject: RE: [vpFREE] Re: The Wizard of Odds: Las Vegas Casino Blacklist

Many business that sell gift cards penalize the holder
the longer the card is not used.

--- Cogno Scienti <cognoscienti@gmail.com> wrote:

<<Why hold casinos to a higher standard than other
businesses?>>

Name a business that we let keep money they are
holding for you after 60
days if you don't claim it.

Cogno

____________________________________________________________________________
________
Never miss a thing. Make Yahoo your home page.
http://www.yahoo.com/r/hs

vpFREE Links: http://members.cox.net/vpfree/Links.htm

Yahoo! Groups Links

#10

<<Uhhhhhh....actually, financial institutions DON'T get to keep it--they
have to keep it in custody for a certain amount of time, then turn it
over to the state. This is actually true of ANY BUSINESS OR INDIVIDUAL-
--you do NOT automatically acquire title to unclaimed goods or funds
left in your possession. The funds that represent the proceeds of the
uncashed sports ticket surely fall in this category. That money
BELONGS TO THE WINNING BETTOR. That money is HIS PROPERTY, NOT the
casino's. Period! >>

Exactly.

Cogno

#11

<<Why hold casinos to a higher standard than other businesses?>>

Name a business that we let keep money they are holding for you after 60
days if you don't claim it.

Cogno

---Not exactly money but what about drycleaners, TV repair shops, etc?

Scot

···

-----Original Message-----
From: vpFREE@yahoogroups.com [mailto:vpF…@…com]On Behalf Of
Cogno Scienti
Sent: Sunday, February 03, 2008 11:37 AM
To: vpFREE@yahoogroups.com
Subject: RE: [vpFREE] Re: The Wizard of Odds: Las Vegas Casino Blacklist

#12

Name a business that we let keep money they are holding for you after

60

days if you don't claim it.

Cogno

---Not exactly money but what about drycleaners, TV repair shops, etc?

Scot

Hey Scot -- Maybe I've missed a few posts here, but are you actually
siding with the Casino on this one?

Let's look at your argument: Drycleaners, TV repair shops, etc. have
actual physical space concerns. You can't just drop off a dozen suits
for dry cleaning, and for $12 each, expect them to be stored for a
year. Ditto a repair shop for TV's or other electronic items. I'd say
the same is true for an automobile left at a repair shop. It would be
fair for a "Storage Fee" to be charged weekly, and once the storage fee
exceeds the value of the item the item becomes property of the shop
owner. That's standard practice most places in the country (mechanic's
lien, etc.)

Let's be logical here!

When it comes to storage of MONEY it's altogether different. Are you
saying it's a particular burden for the casino to find a place to store
Michael's $2900? What expenses do you think the casino would incur in
this activity? What imposition has Mike placed on the hapless casino
by forcing them to hold his $2900 for an extra month or two?

In fact, Michael has loaned the casino $2900 at no interest for several
months. I would personally be very happy if my creditors allowed me to
keep their funds in my savings account for several months and only
expected their principal returned at the end. But that's not good
enough for the Strat, they don't just want the interest free use of the
money for several months, they want it ALL.

No logic here, just casino greed.

Mac
www.CasinoCamper.com

···

--- In vpFREE@yahoogroups.com, "Scot Krause" <krauseinvegas@...> wrote:

#13

While 60 days might be shorter than what most people would consider
reasonable, there are still a few aspects to consider:

-it can't stay open forever, because accounting rules would force the
casino to keep the debt on the books forever.

-in addition to the financial rules, keeping such tickets open also
forces them to keep all the relevant ticket data in "live" computers,
as opposed to being able to archive it.

Don't get me wrong, I think that the casino's rules are abusive and I
honestly think that 15 months would be a reasonable deadline to
collect winnings, but on the other hand I disagree that the casino
incurs no costs while keeping the ticket payable.

JBQ

···

On Feb 3, 2008 5:20 PM, Mac McClellan <mac_mcclellan@hotmail.com> wrote:

--- In vpFREE@yahoogroups.com, "Scot Krause" <krauseinvegas@...> wrote:
>
> Name a business that we let keep money they are holding for you after
60
> days if you don't claim it.
>
> Cogno
>
> ---Not exactly money but what about drycleaners, TV repair shops, etc?
>
> Scot

Hey Scot -- Maybe I've missed a few posts here, but are you actually
siding with the Casino on this one?

Let's look at your argument: Drycleaners, TV repair shops, etc. have
actual physical space concerns. You can't just drop off a dozen suits
for dry cleaning, and for $12 each, expect them to be stored for a
year. Ditto a repair shop for TV's or other electronic items. I'd say
the same is true for an automobile left at a repair shop. It would be
fair for a "Storage Fee" to be charged weekly, and once the storage fee
exceeds the value of the item the item becomes property of the shop
owner. That's standard practice most places in the country (mechanic's
lien, etc.)

Let's be logical here!

When it comes to storage of MONEY it's altogether different. Are you
saying it's a particular burden for the casino to find a place to store
Michael's $2900? What expenses do you think the casino would incur in
this activity? What imposition has Mike placed on the hapless casino
by forcing them to hold his $2900 for an extra month or two?

In fact, Michael has loaned the casino $2900 at no interest for several
months. I would personally be very happy if my creditors allowed me to
keep their funds in my savings account for several months and only
expected their principal returned at the end. But that's not good
enough for the Strat, they don't just want the interest free use of the
money for several months, they want it ALL.

No logic here, just casino greed.

Mac
www.CasinoCamper.com

vpFREE Links: http://members.cox.net/vpfree/Links.htm

Yahoo! Groups Links

#14

Are you seriously claiming that the cost of keeping a few bits in a database
forever is significant compared to, oh, a free beer?

Cogno

···

-----Original Message-----
From: vpFREE@yahoogroups.com [mailto:vpF…@…com] On Behalf Of
Jean-Baptiste Queru
Sent: Sunday, February 3, 2008 6:23 PM
To: vpFREE@yahoogroups.com
Subject: Re: [vpFREE] Re: The Wizard of Odds: Las Vegas Casino Blacklist

While 60 days might be shorter than what most people would consider
reasonable, there are still a few aspects to consider:

-it can't stay open forever, because accounting rules would force the
casino to keep the debt on the books forever.

-in addition to the financial rules, keeping such tickets open also
forces them to keep all the relevant ticket data in "live" computers,
as opposed to being able to archive it.

Don't get me wrong, I think that the casino's rules are abusive and I
honestly think that 15 months would be a reasonable deadline to
collect winnings, but on the other hand I disagree that the casino
incurs no costs while keeping the ticket payable.

JBQ

On Feb 3, 2008 5:20 PM, Mac McClellan <mac_mcclellan@hotmail.com> wrote:

--- In vpFREE@yahoogroups.com, "Scot Krause" <krauseinvegas@...> wrote:
>
> Name a business that we let keep money they are holding for you after
60
> days if you don't claim it.
>
> Cogno
>
> ---Not exactly money but what about drycleaners, TV repair shops, etc?
>
> Scot

Hey Scot -- Maybe I've missed a few posts here, but are you actually
siding with the Casino on this one?

Let's look at your argument: Drycleaners, TV repair shops, etc. have
actual physical space concerns. You can't just drop off a dozen suits
for dry cleaning, and for $12 each, expect them to be stored for a
year. Ditto a repair shop for TV's or other electronic items. I'd say
the same is true for an automobile left at a repair shop. It would be
fair for a "Storage Fee" to be charged weekly, and once the storage fee
exceeds the value of the item the item becomes property of the shop
owner. That's standard practice most places in the country (mechanic's
lien, etc.)

Let's be logical here!

When it comes to storage of MONEY it's altogether different. Are you
saying it's a particular burden for the casino to find a place to store
Michael's $2900? What expenses do you think the casino would incur in
this activity? What imposition has Mike placed on the hapless casino
by forcing them to hold his $2900 for an extra month or two?

In fact, Michael has loaned the casino $2900 at no interest for several
months. I would personally be very happy if my creditors allowed me to
keep their funds in my savings account for several months and only
expected their principal returned at the end. But that's not good
enough for the Strat, they don't just want the interest free use of the
money for several months, they want it ALL.

No logic here, just casino greed.

Mac
www.CasinoCamper.com

vpFREE Links: http://members.cox.net/vpfree/Links.htm

Yahoo! Groups Links

vpFREE Links: http://members.cox.net/vpfree/Links.htm

Yahoo! Groups Links

#15

Name a business that we let keep money they are holding for you after

60

days if you don't claim it.

Cogno

---Not exactly money but what about drycleaners, TV repair shops, etc?

Scot

Hey Scot -- Maybe I've missed a few posts here, but are you actually
siding with the Casino on this one?

--No sides. Read the question. Merely pointing out that some businesses do
keep your "money" (or "value") if you don't pick it up in the specified
time. Read the above and insert value for money if you will. I said "not
exactly money." I was just addressing the poster's question. Just examples.
I'm sure there are others.

Scot

#16

Just for fodder, I had a coupon for a McDonald's free sandwich but it was
expired. They didn't take it. Should they have? Or should grocery stores
accept expired coupons? Should the police accept an expired driver's license
because we say "it's not fair?" Maybe we shouldn't pay late fee's because we
think it's not fair that they give us a mandatory day to "pay?" Maybe "early
bird" discounts are "unfair?" Should the library not charge for overdue
books? I agree, 60 days seems short to collect a sports book wager but what
if the norm was 60 days and the Strat was 1 year. Would anyone say they were
"too lenient" since others only allow 60 days? Just tossing it out there.

Scot

#17

In most states, if you do not have any activity on your bank account
for 7 years, the bank sends your money to the state as unclaimed. I
think that casinos should do the same. After all, a winning bet
is "your money" and not theirs.

A free coupon offer is not yours. It is their money.

#18

It's possible that extending the validity of the tickets could
increase the storage requirements by a proportional amount (and the
processing time might grow by more than that). Going from 2 months to
a year could increase the stress on their system by a factor of 6 or
more and they might not have that kind of margin. Not knowing more
about their system, the possibility can't be ruled out.

JBQ

···

On Feb 3, 2008 7:29 PM, Cogno Scienti <cognoscienti@gmail.com> wrote:

Are you seriously claiming that the cost of keeping a few bits in a database
forever is significant compared to, oh, a free beer?

Cogno

-----Original Message-----
From: vpFREE@yahoogroups.com [mailto:vpF…@…com] On Behalf Of
Jean-Baptiste Queru
Sent: Sunday, February 3, 2008 6:23 PM
To: vpFREE@yahoogroups.com

Subject: Re: [vpFREE] Re: The Wizard of Odds: Las Vegas Casino Blacklist

While 60 days might be shorter than what most people would consider
reasonable, there are still a few aspects to consider:

-it can't stay open forever, because accounting rules would force the
casino to keep the debt on the books forever.

-in addition to the financial rules, keeping such tickets open also
forces them to keep all the relevant ticket data in "live" computers,
as opposed to being able to archive it.

Don't get me wrong, I think that the casino's rules are abusive and I
honestly think that 15 months would be a reasonable deadline to
collect winnings, but on the other hand I disagree that the casino
incurs no costs while keeping the ticket payable.

JBQ

On Feb 3, 2008 5:20 PM, Mac McClellan <mac_mcclellan@hotmail.com> wrote:
> --- In vpFREE@yahoogroups.com, "Scot Krause" <krauseinvegas@...> wrote:
> >
> > Name a business that we let keep money they are holding for you after
> 60
> > days if you don't claim it.
> >
> > Cogno
> >
> > ---Not exactly money but what about drycleaners, TV repair shops, etc?
> >
> > Scot
>
> Hey Scot -- Maybe I've missed a few posts here, but are you actually
> siding with the Casino on this one?
>
> Let's look at your argument: Drycleaners, TV repair shops, etc. have
> actual physical space concerns. You can't just drop off a dozen suits
> for dry cleaning, and for $12 each, expect them to be stored for a
> year. Ditto a repair shop for TV's or other electronic items. I'd say
> the same is true for an automobile left at a repair shop. It would be
> fair for a "Storage Fee" to be charged weekly, and once the storage fee
> exceeds the value of the item the item becomes property of the shop
> owner. That's standard practice most places in the country (mechanic's
> lien, etc.)
>
> Let's be logical here!
>
> When it comes to storage of MONEY it's altogether different. Are you
> saying it's a particular burden for the casino to find a place to store
> Michael's $2900? What expenses do you think the casino would incur in
> this activity? What imposition has Mike placed on the hapless casino
> by forcing them to hold his $2900 for an extra month or two?
>
> In fact, Michael has loaned the casino $2900 at no interest for several
> months. I would personally be very happy if my creditors allowed me to
> keep their funds in my savings account for several months and only
> expected their principal returned at the end. But that's not good
> enough for the Strat, they don't just want the interest free use of the
> money for several months, they want it ALL.
>
> No logic here, just casino greed.
>
> Mac
> www.CasinoCamper.com
>
>
>
>
> vpFREE Links: http://members.cox.net/vpfree/Links.htm
>
>
> Yahoo! Groups Links
>
>
>
>

vpFREE Links: http://members.cox.net/vpfree/Links.htm

Yahoo! Groups Links

vpFREE Links: http://members.cox.net/vpfree/Links.htm

Yahoo! Groups Links

#19

Um...with all due respect...utter nonsense.

···

-----Original Message-----
From: vpFREE@yahoogroups.com [mailto:vpF…@…com] On Behalf Of
Jean-Baptiste Queru
Sent: Sunday, February 3, 2008 10:09 PM
To: vpFREE@yahoogroups.com
Subject: Re: [vpFREE] Re: The Wizard of Odds: Las Vegas Casino Blacklist

It's possible that extending the validity of the tickets could
increase the storage requirements by a proportional amount (and the
processing time might grow by more than that). Going from 2 months to
a year could increase the stress on their system by a factor of 6 or
more and they might not have that kind of margin. Not knowing more
about their system, the possibility can't be ruled out.

JBQ

On Feb 3, 2008 7:29 PM, Cogno Scienti <cognoscienti@gmail.com> wrote:

Are you seriously claiming that the cost of keeping a few bits in a

database

forever is significant compared to, oh, a free beer?

Cogno

-----Original Message-----
From: vpFREE@yahoogroups.com [mailto:vpF…@…com] On Behalf Of
Jean-Baptiste Queru
Sent: Sunday, February 3, 2008 6:23 PM
To: vpFREE@yahoogroups.com

Subject: Re: [vpFREE] Re: The Wizard of Odds: Las Vegas Casino Blacklist

While 60 days might be shorter than what most people would consider
reasonable, there are still a few aspects to consider:

-it can't stay open forever, because accounting rules would force the
casino to keep the debt on the books forever.

-in addition to the financial rules, keeping such tickets open also
forces them to keep all the relevant ticket data in "live" computers,
as opposed to being able to archive it.

Don't get me wrong, I think that the casino's rules are abusive and I
honestly think that 15 months would be a reasonable deadline to
collect winnings, but on the other hand I disagree that the casino
incurs no costs while keeping the ticket payable.

JBQ

On Feb 3, 2008 5:20 PM, Mac McClellan <mac_mcclellan@hotmail.com> wrote:
> --- In vpFREE@yahoogroups.com, "Scot Krause" <krauseinvegas@...> wrote:
> >
> > Name a business that we let keep money they are holding for you after
> 60
> > days if you don't claim it.
> >
> > Cogno
> >
> > ---Not exactly money but what about drycleaners, TV repair shops, etc?
> >
> > Scot
>
> Hey Scot -- Maybe I've missed a few posts here, but are you actually
> siding with the Casino on this one?
>
> Let's look at your argument: Drycleaners, TV repair shops, etc. have
> actual physical space concerns. You can't just drop off a dozen suits
> for dry cleaning, and for $12 each, expect them to be stored for a
> year. Ditto a repair shop for TV's or other electronic items. I'd say
> the same is true for an automobile left at a repair shop. It would be
> fair for a "Storage Fee" to be charged weekly, and once the storage fee
> exceeds the value of the item the item becomes property of the shop
> owner. That's standard practice most places in the country (mechanic's
> lien, etc.)
>
> Let's be logical here!
>
> When it comes to storage of MONEY it's altogether different. Are you
> saying it's a particular burden for the casino to find a place to store
> Michael's $2900? What expenses do you think the casino would incur in
> this activity? What imposition has Mike placed on the hapless casino
> by forcing them to hold his $2900 for an extra month or two?
>
> In fact, Michael has loaned the casino $2900 at no interest for several
> months. I would personally be very happy if my creditors allowed me to
> keep their funds in my savings account for several months and only
> expected their principal returned at the end. But that's not good
> enough for the Strat, they don't just want the interest free use of the
> money for several months, they want it ALL.
>
> No logic here, just casino greed.
>
> Mac
> www.CasinoCamper.com
>
>
>
>
> vpFREE Links: http://members.cox.net/vpfree/Links.htm
>
>
> Yahoo! Groups Links
>
>
>
>

vpFREE Links: http://members.cox.net/vpfree/Links.htm

Yahoo! Groups Links

vpFREE Links: http://members.cox.net/vpfree/Links.htm

Yahoo! Groups Links

vpFREE Links: http://members.cox.net/vpfree/Links.htm

Yahoo! Groups Links

#20

Um...with all due respect...utter nonsense.

Why? Please support your statement. Do you have any experience with
a computer system like that?

Regarding 'escheatment' (where unclaimed property is sent to the State):

yes it can be retrieved, in fact I strongly recommend everyone search
their states unclaimed property website, you'd be surprised at what
you find. Type "unclaimed property statename" into google, this
should yield a .gov website.

I just looked and I think there's $25 from Blue Shield waiting for me. :slight_smile:

···

On Feb 3, 2008 10:59 PM, Cogno Scienti <cognoscienti@gmail.com> wrote:

-----Original Message-----
From: vpFREE@yahoogroups.com [mailto:vpF…@…com] On Behalf Of
Jean-Baptiste Queru

Sent: Sunday, February 3, 2008 10:09 PM
To: vpFREE@yahoogroups.com
Subject: Re: [vpFREE] Re: The Wizard of Odds: Las Vegas Casino Blacklist

It's possible that extending the validity of the tickets could
increase the storage requirements by a proportional amount (and the
processing time might grow by more than that). Going from 2 months to
a year could increase the stress on their system by a factor of 6 or
more and they might not have that kind of margin. Not knowing more
about their system, the possibility can't be ruled out.

JBQ

On Feb 3, 2008 7:29 PM, Cogno Scienti <cognoscienti@gmail.com> wrote:
> Are you seriously claiming that the cost of keeping a few bits in a
database
> forever is significant compared to, oh, a free beer?
>
> Cogno
>
> -----Original Message-----
> From: vpFREE@yahoogroups.com [mailto:vpF…@…com] On Behalf Of
> Jean-Baptiste Queru
> Sent: Sunday, February 3, 2008 6:23 PM
> To: vpFREE@yahoogroups.com
>
> Subject: Re: [vpFREE] Re: The Wizard of Odds: Las Vegas Casino Blacklist
>
> While 60 days might be shorter than what most people would consider
> reasonable, there are still a few aspects to consider:
>
> -it can't stay open forever, because accounting rules would force the
> casino to keep the debt on the books forever.
>
> -in addition to the financial rules, keeping such tickets open also
> forces them to keep all the relevant ticket data in "live" computers,
> as opposed to being able to archive it.
>
> Don't get me wrong, I think that the casino's rules are abusive and I
> honestly think that 15 months would be a reasonable deadline to
> collect winnings, but on the other hand I disagree that the casino
> incurs no costs while keeping the ticket payable.
>
> JBQ
>
>