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Ticket In, Ticket Out

waltmarcia
waltmarcia
Aug 16, 2011
3:24am
Block User
We have noticed that the slot payout tickets have gone from being good from 30/60 days to 180 days. This is good news for all of us, and the casinos are probably doing it because the State of Nevada now keeps the money from uncashed tickets instead of it being a profit for the Casino. So far we've noticed it at Bill's, Flamingo and South Point.
westie
westie
Aug 16, 2011
5:10am
Block User
As Artie Johnson used to say, "very interesting".

drmilled
drmilled
Aug 16, 2011
8:13am
Block User
Think it thru- as long as the casinos were getting the money, they set the shortest time window for people to cash in their tickets. Any tickets not cashed in during that time frame became the casinos money. Now that the rules have changed. the casinos don't want to do any more work than possible to report and refund the monies from tickets that are not redeemed. The more tickets redeemed the less money the casinos have to give up to the state, and they also have an opportunity to receive more interest that these funds provide while sitting and waiting for redemption.
snidely333
snidely333
Aug 16, 2011
11:37am
Block User
Quote
Originally posted by: drmilled
Think it thru- as long as the casinos were getting the money, they set the shortest time window for people to cash in their tickets. Any tickets not cashed in during that time frame became the casinos money. Now that the rules have changed. the casinos don't want to do any more work than possible to report and refund the monies from tickets that are not redeemed. The more tickets redeemed the less money the casinos have to give up to the state, and they also have an opportunity to receive more interest that these funds provide while sitting and waiting for redemption.


Thanks for explaining that to us slow folks.

billryan
billryan
Aug 16, 2011
3:38pm
Block User
Quote
Originally posted by: snidely333
Quote
Originally posted by: drmilled
Think it thru- as long as the casinos were getting the money, they set the shortest time window for people to cash in their tickets. Any tickets not cashed in during that time frame became the casinos money. Now that the rules have changed. the casinos don't want to do any more work than possible to report and refund the monies from tickets that are not redeemed. The more tickets redeemed the less money the casinos have to give up to the state, and they also have an opportunity to receive more interest that these funds provide while sitting and waiting for redemption.


Thanks for explaining that to us slow folks.


He even managed to post more than three sentences without blaming Liberals for anything. Theres hope for him yet.
jatki
jatki
Aug 16, 2011
6:19pm
Block User
Quote
Originally posted by: snidely333
Quote
Originally posted by: drmilled
Think it thru- as long as the casinos were getting the money, they set the shortest time window for people to cash in their tickets. Any tickets not cashed in during that time frame became the casinos money. Now that the rules have changed. the casinos don't want to do any more work than possible to report and refund the monies from tickets that are not redeemed. The more tickets redeemed the less money the casinos have to give up to the state, and they also have an opportunity to receive more interest that these funds provide while sitting and waiting for redemption.


Thanks for explaining that to us slow folks.


drmilled
drmilled
Aug 16, 2011
6:21pm
Block User
I am happy to know I was able to clarify it for you.
rhousedj
rhousedj
Aug 17, 2011
11:28am
Block User
Quote
Originally posted by: billryan
Quote
Originally posted by: snidely333
Quote
Originally posted by: drmilled
Think it thru- as long as the casinos were getting the money, they set the shortest time window for people to cash in their tickets. Any tickets not cashed in during that time frame became the casinos money. Now that the rules have changed. the casinos don't want to do any more work than possible to report and refund the monies from tickets that are not redeemed. The more tickets redeemed the less money the casinos have to give up to the state, and they also have an opportunity to receive more interest that these funds provide while sitting and waiting for redemption.


Thanks for explaining that to us slow folks.


He even managed to post more than three sentences without blaming Liberals for anything. Theres hope for him yet.



Is your favorite phrase still "YES WE CAN"?!? Barry is the best... Oh my bad he needs another 4 years to get the unemployment rate under 8%. I am just glad that we are all united now as Barry promised.





Nesalk
Nesalk
Aug 17, 2011
4:38pm
Block User
Quote
Originally posted by: drmilled
Think it thru- as long as the casinos were getting the money, they set the shortest time window for people to cash in their tickets. Any tickets not cashed in during that time frame became the casinos money. Now that the rules have changed. the casinos don't want to do any more work than possible to report and refund the monies from tickets that are not redeemed. The more tickets redeemed the less money the casinos have to give up to the state, and they also have an opportunity to receive more interest that these funds provide while sitting and waiting for redemption.



How did I miss this gem??

You really are a verbose piece of work. Walt was able to explain this in a couple of sentences; it didn't require a manifesto.
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