PA casino won't cash out $10k without ID

[ArcticInferno]

I read in some book that I should try to minimize the impression of wins and exaggerate the image of losses. The recommendation is that once I pocket a large chip (e.g. purple), don't take it out; just use cash to buy more chips if need be.
What I did was go to the cage and cash out the chips and if I needed more chips for any reason, I would just buy more with cash.
Around 11:00 PM, I went to cash out for the last time before going home, and the cashier requested an ID. I refused. She and her boss explained that if I cash out more than $10k in one day, they must register the cash transaction. I tried to reason with them that I didn't win $10k, but rather I was simply recycling the same cash & chips. Also, I asked how do they know who I am, and they said that they have a physical description in the computer, and she said that there're cameras here and everywhere else. I said this was a case of mistaken identity, and that I look similar to a lot of people. They still refused to cash my chips. I went back to the blackjack table and back-counted a bit and played for about an hour. A few minutes after midnight, I was able to cash out the rest of my chips and go home.
Foxwoods in CT doesn't care. They will cash out anything under $10k without an ID, and they don't keep a log of physical descriptions, so you can cash out $9k twice in the same day without an ID.

[bj21abc]

Interesting that it was OK after midnight - Meadowlands, for example, has a gaming day that begins at 0600.

D.

Originally Posted by ArcticInferno

I read in some book that I should try to minimize the impression of wins and exaggerate the image of losses. The recommendation is that once I pocket a large chip (e.g. purple), don't take it out; just use cash to buy more chips if need be.
What I did was go to the cage and cash out the chips and if I needed more chips for any reason, I would just buy more with cash.
Around 11:00 PM, I went to cash out for the last time before going home, and the cashier requested an ID. I refused. She and her boss explained that if I cash out more than $10k in one day, they must register the cash transaction. I tried to reason with them that I didn't win $10k, but rather I was simply recycling the same cash & chips. Also, I asked how do they know who I am, and they said that they have a physical description in the computer, and she said that there're cameras here and everywhere else. I said this was a case of mistaken identity, and that I look similar to a lot of people. They still refused to cash my chips. I went back to the blackjack table and back-counted a bit and played for about an hour. A few minutes after midnight, I was able to cash out the rest of my chips and go home.
Foxwoods in CT doesn't care. They will cash out anything under $10k without an ID, and they don't keep a log of physical descriptions, so you can cash out $9k twice in the same day without an ID.

[aslan]

Originally Posted by bj21abc

Interesting that it was OK after midnight - Meadowlands, for example, has a gaming day that begins at 0600.

D.

The casino's day may begin at 6 am, but the IRS's day begins at 12 midnight.

[mathman]

Working with a partner solves this problem besides if you're playing with this much it's not a bad idea for security...MM

[moo321]

That's a federal law. They're supposed to try to get ID for a transaction over $10k.

[bjcardcounter]

Originally Posted by moo321

That's a federal law. They're supposed to try to get ID for a transaction over $10k.

Do we need to report in in our Tax report too? Is it a too dumb question? I started BJ and am winning only recently .... )

[Sucker]

You're very lucky that they let you take your chips back without forcing you to fullfill the reporting requirements. And the casino is even LUCKIER that they didn't get caught allowing you to take them back. Because it's written right into the law that structuring your transactions to avoid the Cash Transaction Report is a criminal act. Once you attempt to cash out, and then you change your mind BECAUSE of the law, you've definitely crossed that line. Good thing neither the cashier nor her boss understood the law.

Originally Posted by ArcticInferno

Foxwoods in CT doesn't care. They will cash out anything under $10k without an ID, and they don't keep a log of physical descriptions, so you can cash out $9k twice in the same day without an ID.

Foxwoods absolutely DOES care, and they DO keep a log of physical descriptions. I guess because the place is so big maybe you can get away with it most of the time. But all it takes is to get caught structuring cashouts ONCE, and you risk being charged with a Federal crime.

[Sucker]

Originally Posted by bjcardcounter

Do we need to report in in our Tax report too? Is it a too dumb question? I started BJ and am winning only recently .... )

(The only dumb questions are the ones you're afraid to ask.)

Any time you fill out a C.T.R. (cash transaction report), the casino is required to send a copy to the I.R.S. and to any other federal agency that requests it.

As I stated earlier, it would be a crime for me to advise you on how to avoid a C.T.R., but think about it: If you were to win more than 10K, and only cash out a portion of it that day; who's to say that you're not planning on holding onto the extra chips with the intention of coming back the next day and using them to gamble some more?

[shadroch]

Originally Posted by ArcticInferno

I read in some book that I should try to minimize the impression of wins and exaggerate the image of losses. The recommendation is that once I pocket a large chip (e.g. purple), don't take it out; just use cash to buy more chips if need be.
What I did was go to the cage and cash out the chips and if I needed more chips for any reason, I would just buy more with cash.
Around 11:00 PM, I went to cash out for the last time before going home, and the cashier requested an ID. I refused. She and her boss explained that if I cash out more than $10k in one day, they must register the cash transaction. I tried to reason with them that I didn't win $10k, but rather I was simply recycling the same cash & chips. Also, I asked how do they know who I am, and they said that they have a physical description in the computer, and she said that there're cameras here and everywhere else. I said this was a case of mistaken identity, and that I look similar to a lot of people. They still refused to cash my chips. I went back to the blackjack table and back-counted a bit and played for about an hour. A few minutes after midnight, I was able to cash out the rest of my chips and go home.
Foxwoods in CT doesn't care. They will cash out anything under $10k without an ID, and they don't keep a log of physical descriptions, so you can cash out $9k twice in the same day without an ID.

What you did was illegal. Once you stopped cashing out because of the required ID, the casino may very well have filed a Suspicious Activity Report about the incident.
Waiting until the next day to cash out in order to avoid the CTR is considering strucuring, or laundering. It's a felony.

[shadroch]

Originally Posted by Sucker

(The only dumb questions are the ones you're afraid to ask.)

If you were to win more than 10K, and only cash out a portion of it that day; who's to say that you're not planning on holding onto the extra chips with the intention of coming back the next day and using them to gamble some more?

No one, unless you decide to post about it on the internet.