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@
> --- In vpFREE@yahoogroups.
> >
> > 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.
>
>
>
>
> vpFREE Links: http://members.
>
>
> Yahoo! Groups Links
>
>
>
>
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch format to Traditional
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe
__,_._,___
