Aonsf, I'm sure you can search the NGC regs as well as I can to find
anything that addresses your questions about account closures. But I
believe it is commonly thought that casinos must give you in cash
whatever your points are worth when they close your account. But I
wouldn't count on getting anything for points that are only good for
comps instead of free play or cash.
Personally whenever my free play point balance at any casino gets over
$100, I redeem $100. That's not because I'm afraid of losing the
points, but because I want to realize the value of those points. The
only exception that I know about is the South Point that maybe once a
year lets us redeem points at double the value but only for comps.
Otherwise, I see no reason to carry a large point balance.
I am one of those who Stations offered a few months ago to redeem old
points (not normally redeemable for cash or free play) at a greatly
reduced rate. This was NOT mandatory. Apparently some players thought
it was.
Your questions about what happens to points and comps when the casino
closes your account has been discussed a few times on the Gambling
with an Edge radio show. If I recall, different casinos may handle
this differently in spite of what we would normally think would be
ethical.
Posted by: Oblah Dah <oblahdah@gmail.com>
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