Lets see who gets this right. To be honest, I didn't know, I had to ask. I NETTED 3K today, very happy. I had to show ID (at the cashier cage). They took down name and my description, nothing else (thats a clue for you). Why did they do that? Ken
Quote from: Mr J on June 05, 2009, 01:28:22 AM
Lets see who gets this right. To be honest, I didn't know, I had to ask. I NETTED 3K today, very happy. I had to show ID (at the cashier cage). They took down name and my description, nothing else (thats a clue for you). Why did they do that? Ken
Err... Does that mean you are now a "watched man" ?
Congrats on the win..... :good:
Nope. Next guess. Ken
To put you on their "mailing list" ?
Nope, it was mandatory. Ken
Quote from: Mr J on June 05, 2009, 01:48:14 AM
Nope, it was mandatory. Ken
Some kinda USA tax form ? I forget the name of it......
I going to assume I'm wrong again :blush2: In which case I'm 3 strikes n out..... I willl check in for the answer though... 8)
No, at first thats what I thought but no SS# or drivers license number was recorded. I have this question on 3 boards, we'll see which gets it right first. Ken
to mail you a cheque for your winning amount...??
No, I got cash. No address was recorded, nothing to do with taxes. Ken
Quote from: Mr J on June 05, 2009, 01:58:16 AM
I have this question on 3 boards, we'll see which gets it right first. Ken
Well at least you will get some replies here.... :D ;D :D
@ozshabs
I have a feeling Ken is a cash kinda guy.....
To give you a comp
They get a spotters fee from the local cops.
Ken,
I'm guessing this was your first time cashing out that much.
They took your ID because you cashed out more than 3k. Next time, you should only cash out 2900 at a time, and refuse to show ID. Be smart about it next time. Just tell them that you left it in your room.
They want to keep track of where the money is going in an effort to track money laundering, etc.. It makes it easy to follow such people. If you cash out over 10k within a day, then they will also fill out a CTR on you as well. They also may not tell you that's what they are doing.
Regards,
Herb /.\
What's a CTR pls Herb?
thanking you in advance..... :good:
Cash Transfer Record. This is reported to the IRS.
By the way, In Canada, they require a CTR at only 3k.
-Herb /.\
you looked younger than 21 and casino wanted to make sure your actual age....
Quote from: Herb on June 05, 2009, 03:35:47 AM
Cash Transfer Record. This is reported to the IRS.
By the way, In Canada, they require a CTR at only 3k.
-Herb /.\
thx Herb ;)
Any idea what would happen IF a Brit won over 3K in the USA ?
Would he / she got processed any differently ?
Again, thanking you in advance..... :good:
Xman,
They would still ask for your ID. If you cashed out more than 10k in a day, then they would still be required to record your ID. However, you don't have to pay taxes on those winnings in the US, since you are form another country.
-Herb /.\
Cheers Herb ;)
Livin n learnin...... :yahoo:
What system were you using to make 3k??
@Herb and all >>> Nope. Hint.....its kind of a good thing they took the info REGARDLESS if I "had to" give it or not. I will have NO PROBLEM filling out the info again if it comes up. Maybe they only do this here in the U.S., I dont know? It has nothing to do with monitoring "winnings" etc. I was standing next to the lady when she filled it out. No ID numbers were taken and the heading on the top of the page is for....something in case it arises. Ken
Here is very usual, when someone is playing with big money that they will offer you a VIP status which includes all the drinks food and stuff.. But that is just to make you lose more money.. On the cashout window there are rules for high payouts... If you win (with casinos bingo and stuff) more than 5k you will have to pay tax, but that doesn't counts for your "gambling profits".. I just know that if you win over 30k, casino is allowed to pay you only 30k a month if they dont want to pay you instantly.. That also raises the question why wouldnt you just bring 29k to cashier and cashout another 29k another day and so on :D Here cashable tickets (for automated roulettes) are walid for 30 days.. ;) Well proobably if you bring 29k they will want your ID, so it is reasnoable that every profit over 1k is recorded so they can stick to only 30k a month for 1 person..
What I have written is not necesery to be true, that is just my thinking :scratch_ones_head: And ofcourse casino where you were playing proobably has diferent rules for cashout and stuff
So they can write you a check so you don't have to carry a bunch of money around with you.
Just in case you get mugged in the casino's parking lot when leaving.
I'm more intrigued to know what method did you use to make such a huge winning :D
All nope. I'll explain in a bit, time for a lunch break. Ken
Not a big deal but the answer is..... I had 24 hours (if I kept the money in the car) in case I got pulled over and searched. It was around 4K cash. If the cop (this would piss me off) asked or got curious where it came from, he was suppose to have his supervisor contact the casino here. They would then verify "its me" and I got it at the casino and not anything illegal. Odd but I suppose. It would be handy if the cop knew I was not a drug dealer. lol Ken
are cops that curious over there?!
Always always ALWAYS assume that whatever a casino requires from you is NEVER for your benefit, its for theirs. They want a record of where the money went, its that simple. Don't be an idiot next time, never cash out for more than $500. Go have a drink and cash out some more and take the rest home and use them to play with next time or cash them in. Never let the casino see how much you win. On the roulette machine I always get the ticket out if it goes over 400 and put more cash in and I use different machines for the tickets. Its impossible to be too careful, some casinos have IRS spies and you never know who they are.
In Australia it's $10k and above where you have to fill out forms and it's just for proving where the money came so relevant authorities know the money didn't come from illegal goings-on.
In the US it's 10k as well. You can carry any amount on your person in between states. However, it's a good idea to have a CTR for amounts of 10k or more so you can prove the source of the money.
In places like Las Vegas it's quite common for people to carry around large amounts of money, since the gaming limits tend to much higher than other parts of the world.
-Herb /.\
"Don't be an idiot next time" >>> Spike, kiss my ass prick. You dont know it all. You will NEVER know more about this game than I do, sorry but its true. Ken
Quote from: Mr J on June 05, 2009, 11:30:55 PM
"Don't be an idiot next time" >>> Spike, kiss my ass prick. You dont know it all. You will NEVER know more about this game than I do, sorry but its true. Ken
HA!
"I'm guessing this was your first time cashing out that much" >>> :haha: LOL, come on now Herb. Anyone can lay down $3,000 and leave with $3,200.....big deal. NET, not gross, is most important. Can you lay down 1K and leave with 4K (total)? Ken
I'm serious, Ken. It never benefits you to cash in for that much money. The IRS really does have spies everywhere and they can legally ask the casino who you are. More than likely though, they will follow you out and get your licence plate number. I'm not joking. And they asked in the first place because a casino wants every shred of info they can get on players who win, thats all there was to it. Don't cooperate, you will regret it..
Casinos are the enemy of winners, its that simple. They are not on your side, they hope you lose it all back or get hit by a truck so you can't win any more. They are ruthless, cut-throat bastards. I was going to casinos when the mob ran them, you have no idea the mentality you're dealing with. If you think its changed just because the mob is gone, think again.
I was at the casino on Wed and cashed in $400 in chips. The douche bag cashier says in a loud voice "Good job, sir!" and I said in a louder voice "For what? It cost me 600 to buy 400 in chips (I lied), whats good about that?" and he said he was sorry, blah blah blah. I have done that so many times its an automatic response. You can't be too paranoid in a casino, its impossible.
I never thought i would say this.............I agree 100% with what Spike said.
Cheers
Jakk
Quote from: Jakkalsdraai on June 06, 2009, 02:49:17 PM
I never thought I would say this.............I agree 100% with what Spike said.
Cheers
Jakk
Me Too.
I respect your OPINION Spike. Ken
DAMN! Played again (same method) on Sat**day.....cashed out for $4,200, NETTED $2,100 (9 hours both days). Pay bills, bills and more bills! Yes, I had the same form filled out, I have no problem with it. Ken
Wow, what method are you using? :P I know that must be a question you've been asked several times...never hurts to answer :D
I'm sure it's something with a huge progression.
Quote from: Shorty on June 07, 2009, 07:07:36 PM
I'm sure it's something with a huge progression.
Ken & a HUGE Progression NEVER...... :nono:
:D ;D :D
Quote from: Mr J on June 07, 2009, 01:23:39 PM
DAMN! Played again (same method) on Sat**day.....cashed out for $4,200, NETTED $2,100 (9 hours both days). Pay bills, bills and more bills! Yes, I had the same form filled out, I have no problem with it. Ken
OK mr j now youre gonna havta change the thread heading to...
'I HAD A FIRST NOW A SECOND MANY MORE TO COME SO IM THE KING OF THE CASTLE AND YOUR ALL DIRTY RASCALS!!!'
Yes, long (which is good) and expensive progression. No tracking numbers, no betting on hot or cold or DUE numbers. That should get 99.9% of the posters on this board hard. Ken
Quote from: Mr J on June 08, 2009, 04:50:47 AM
Yes, long (which is good) and expensive progression. No tracking numbers, no betting on hot or cold or DUE numbers. That should get 99.9% of the posters on this board hard. Ken
Always hard for you, mr J.
Someone get Mr J a medal
"Someone get Mr J a medal" >>> No need, I bought one already. Ken
Did you have it inscribed?
"Did you have it inscribed?" >>> No