RE: [vpFREE] XVP: Casino cash during the storm?

 


My knowledge is dated of this but you will note that the casinos closed on Sunday at 4:00 p.m. even though the storm did not hit until later on Monday afternoon. This gave the casino staff and regulatory staff time to count all cash on hand and record appropriate numbers.

As for moving the cash, paper money does not take as much room as you think. Each casino could probably put their paper money in about eight or ten foot lockers. (You can check the regulations on how much cash a casino must have on site, how much on deposit at their banker and how much they have access to within 24 hours. The cash they have physically on site is probably less than you think.) Coin is a bit more bulky but with ticket-in, ticket-out I doubt that they have much coin on hand. Each casino can probably move their cash with two trucks possible three then they add a truck or two that are empty. (It could probably be put in one truck but they split it up for security.)

Where they take the cash to is probably dependent upon who their banker is and which of their banker's vaults is available -- has room and can be opened. They could easily take it to a branch in Pleasantsville or Absecon.

Also, most Atlantic City casinos had at one point in time a cash processing/accounting center that was on the mainland with a vault. They could choose to move the casino cash there.

> To: vpFREE@yahoogroups.com
> From: mcuddington@hotmail.com
> Date: Tue, 30 Oct 2012 00:13:29 +0000
> Subject: [vpFREE] XVP: Casino cash during the storm?
>
> As we helplessly watch Sandy aim for our children and grandchildren, my husband and I are distracting ourselves with somewhat pointless debates.
>
> Seeing the condition of Atlantic City, we are wondering about cash management in the casinos, when they close down and evacuate. He is of the opinion that their vaults are waterproof, and they leave the cash on site.
>
> Personally, I presume more greed. I envision that they make a clean sweep and even a "coin drop" throughout the casino, and move as much as possible off site. Of course, a convoy of Brinks trucks leaving the city would certainly attract attention......
>
> Does anyone know how this actually works?
>
> We're keeping our east coast friends in our thoughts, and feeling grateful that we've moved away from the hurricane zone. Best of luck to all in the storm path!
>
> Nita
>
>
>
> ------------------------------------
>
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