ID'd when cashing out
- Thread starter razzle
- Start date
If you cash out for a large amount, the casino must start tracking your cash transaction total for the day. If you exceed $10K in cash transactions, they are required to file a Currency Transaction Report (CTR) on you. (If they have any reason to be suspicious, they may also file a different report, the SAR, and the dollar amount isn't really important for that.)
Generally, you'll start getting questioned at the cashier when you cash out $3000 or more. However, the rules vary from place to place. Really paranoid joints will call the pit for any chips over $1000 or so. In real grind joints, they may make a call for $300.
Generally, you'll start getting questioned at the cashier when you cash out $3000 or more. However, the rules vary from place to place. Really paranoid joints will call the pit for any chips over $1000 or so. In real grind joints, they may make a call for $300.
one little casino near me (indian casino in N calif) they call the pit cashing in green chips, they get paranoid when you cash out black, its actually kind of funny. they not only call the pit for that but surveillance to make sure the person cashing in the chips is the one that was given the chips. i found this out giving my wife one of my black chips to cash out, i would have had to get up and go to the cage with her if she wanted the money from it
cl
cl
Automatic Monkey
Banned
I think I may know that casino, and I had the pleasure of cashing out $2K there once. They didn't have the cash in the cage! They had to go into a safe while I waited.ccl said:
You should decline to give them ID when cashing out if you are playing anonymously. True, I've been escorted out for refusing to show ID (also in N. CA) but they were probably going to do that anyway. In Nevada they once kept asking me for ID when cashing out and I got really mad at them. "You didn't need to see my ID when you took my money, why do you need to see it now?" "What happens when I lose, do you still need to see my ID?" "Can I see your ID?" In NV they will back down. But in an Injun casino they make their own rules, and you are playing at your own risk in any of them. If they choose not to pay you there is nothing you can do about it.
evilrobotmonkey
Well-Known Member
i always get ID'd when i cash out at hooters casino in vegas. i'd usually only cash out a black chip with a couple of reds. that place is super low roller though, they have $3 blackjack lol.
another time, i cashed out over 3k at a bigger casino. the cage person ID'd me, checked my players card, asked me what i was playing... but that wasnt enough. she proceeded to make phone calls to the pit. i had to wait like 5 minutes to cash out and the cage person was kind of rude so it was irritating.
another time, i cashed out over 3k at a bigger casino. the cage person ID'd me, checked my players card, asked me what i was playing... but that wasnt enough. she proceeded to make phone calls to the pit. i had to wait like 5 minutes to cash out and the cage person was kind of rude so it was irritating.
EasyRhino
Well-Known Member
I'm aware of five different levels of verification:
1) An ID to confirm I was at least 21. I thought this was curious but not unbelievable at my age, and may have been a roundabout form of paranoia.
2) Confirming chip movement with the pit: a "high value" chip (could be anything, depends on place) will trigger a call to the floor just to inform that that the chips are being redeemed. I think this is mainly to help the floor's accounting. Verification of the player's identity is either unnecessary or casual
3) A multiple transaction register or log (MTR/L). The casino trys to track actiivy if it's over the, usually, $3k threshold. This is a "precursor" to a CTR form. They just need SOMETHING to identify you as a unique person for future activity, so most commonly they'll ask for a player's card. However, you can generally tell them to stuff it, and they'll just put you in the computer as "id refused" with a description of your appearance. Again, this is primarily a transaction-tracking and money laundering thing.
Note that one casino a cashier had noticed that I had been by like three times in two hours cashing in small numbers of chips, and then started inserting me into the MTR on future trips, just because he must have though I was trying to hide some cashier activity (which I was).
4) A Currency Transaction Report (CTR). These are official forms filled out and sent to Treasury when aggregate cash transactions exceed $10k. They require your social. Don't lie on this form. If you dont' want to fill one out, reduce the size of your transactions.
5) A Suspicious Activity Report (SAR): Filled out for any, well, suspicious activity that may imply money laundering activity (not card counting). Sent to Treasury. It does not require info from you to be filled out, in fact, you are not intended to be informed if it is being filled out (hence the "secret"). So I wouldn't worry about it.
1) An ID to confirm I was at least 21. I thought this was curious but not unbelievable at my age, and may have been a roundabout form of paranoia.
2) Confirming chip movement with the pit: a "high value" chip (could be anything, depends on place) will trigger a call to the floor just to inform that that the chips are being redeemed. I think this is mainly to help the floor's accounting. Verification of the player's identity is either unnecessary or casual
3) A multiple transaction register or log (MTR/L). The casino trys to track actiivy if it's over the, usually, $3k threshold. This is a "precursor" to a CTR form. They just need SOMETHING to identify you as a unique person for future activity, so most commonly they'll ask for a player's card. However, you can generally tell them to stuff it, and they'll just put you in the computer as "id refused" with a description of your appearance. Again, this is primarily a transaction-tracking and money laundering thing.
Note that one casino a cashier had noticed that I had been by like three times in two hours cashing in small numbers of chips, and then started inserting me into the MTR on future trips, just because he must have though I was trying to hide some cashier activity (which I was).
4) A Currency Transaction Report (CTR). These are official forms filled out and sent to Treasury when aggregate cash transactions exceed $10k. They require your social. Don't lie on this form. If you dont' want to fill one out, reduce the size of your transactions.
5) A Suspicious Activity Report (SAR): Filled out for any, well, suspicious activity that may imply money laundering activity (not card counting). Sent to Treasury. It does not require info from you to be filled out, in fact, you are not intended to be informed if it is being filled out (hence the "secret"). So I wouldn't worry about it.
I remember an incident that happened a couple of years ago at a well known large casino. I was at the table with this guy that was from Israel. He was betting fairly large and had yet to show any players card to the pit even though they had asked him repeatedly. Well it came to a hand where he started splitting 7's and getting multiple splits and doubles in the process. The total amount of bets on this hand reached $10,000. At this point the pit stopped play to demand ID from him due to the fact he had reached the level where a CTR was necessary. He produced his Israeli drivers license but they said it was not good enough. He said he had a business in a nearby city, so he wrote down an address of this company and a phone number and they let him continue to play. Without even checking it out they continued play. I thought this was a joke. This guy scribbles something on a piece of paper and its all good. So much for worrying about being ID'd. By the way, he got crushed on that hand. I wasn't at the table for long after that, but I did notice he stayed there for a good bit afterwards.
EyeHeartHalves
Well-Known Member
Those "Wincing" Moments
It always hurts a little to watch a high rolling loser get crushed. However, you gotta watch it! It's like a car crash that doesn't involve you. There is one good reason to do this. These HR's are good to observe and learn from for purposes of improving your act.Bojack1 said:
jack.jackson
Well-Known Member
How true
:laugh: Couldnt of said it any better myself.Automatic Monkey said:
bj bob
Well-Known Member
The other side of the coin
All this talk about CTR's leads me the next logical question. Does the Government also require the filing of a CTR in the high roller area for every wager they WIN from players exceeding 10K? If so, I would imagine there are a lot of gaming managers who are really pissed off at a lot of Oriental players.
All this talk about CTR's leads me the next logical question. Does the Government also require the filing of a CTR in the high roller area for every wager they WIN from players exceeding 10K? If so, I would imagine there are a lot of gaming managers who are really pissed off at a lot of Oriental players.
RingyDingy
Well-Known Member
interesting
in the case of the isreali guy, how do they go with overseas players?
How do our English or Canadian friends go when they come down to vegas?
in the case of the isreali guy, how do they go with overseas players?
How do our English or Canadian friends go when they come down to vegas?
Mimosine
Well-Known Member
these situations are a godsend for playing at the green/black level at lowroller joints as I rediscovered on a recent trip to nevada. i could get away with murder in the shadow of the whale. the way it went down was a damn near miracle.... more details forthcoming in a later post....Bojack1 said:
EasyRhino
Well-Known Member
Remember, it's all about CASH. So if they're playing bacc with a huge stash of chips, no big deal. It's only when they buyin at the table or cashout that it's an issue.bj bob said:
I don't honestly know the regs with what happens after you trigger the CTR threshold, I don't think each transaction triggers a new CTR, but there may be a need for an updated one... it's a mystery no one will ever solve.
The problem with slots is that W-2Gs are demanded on payouts $1200 or more. Which is just stupid at high limit slots. But hey, take your huge slot ticket to the cashier... then you can get a CTR too!
Sonny
Well-Known Member
They will have filled out a CTR long before he loses it all. As soon as his cash buy-in exceeds $10k they will fill out the paperwork. If he buys in for the whole $15k at once they will fill out the paperwork immediately. If he buys in for $5k at a time they will fill it out during his third buy-in.bj bob said:
-Sonny-