A recent ruling by U.S. District Court Magistrate George Foley, Jr. serves as a reminder the get it in writing tends to be good advice. The case involves a casinos attempt to enforce a $3 million gaming debt incurred by one of its patrons. This patron executed a credit agreement but the casino allowed him to gamble without executing any markers for the debt. The casino explained the process as follows:
Although a credit instrument (also referred to as a marker) is generally signed contemporaneously when funds are advanced on credit to a casino patron, Nevada law and the regulations of the Nevada Gaming Commis…
Read the full article at: http://www.natlawreview.com/article/even-nevada-get-it-writing-may-not-be-far-mark-desert-palace-v-michael