What is ‘Credit Line’?
Some casinos will offer credit to their regular, reliable players. These enable them to play now and pay later. A credit line can only be established at the casino manager’s discretion and in accordance with the Gambling Commission’s guidelines and advice. Credit allows high rollers to play big money without carrying physical cash, which is often a big safety and security concern. The player can collect chips at the payment desk and they can make their payment later.
‘Credit Line’ Explained
Not all casinos will offer credit lines to their customers, but many of the high profile establishments will provide this service. A credit line is the access to casino funds which you can play with now and pay for later. Lines of credit can only be established if the player is able to demonstrate that they have the money to pay for what they spend. A regular player who spends a lot at a casino is likely to be offered a credit line if they wish to use it – this can be a good way for casinos to increase client retention and get a great customer lifetime value rate from them.
Credit lines benefit players because it allows them to play freely without worrying about topping up funds. Players who are in it for the long game and like to ride the peaks and troughs of games like poker, will appreciate a credit line of a reasonable size. If the player wins more than they are credited, there will be nothing to pay back and the winnings can be paid as a balance to the credit account. If a player does not win, payment will be taken from the registered account at an agreed future date, to cover the amount previously spent. Players might also make regular payments to a casino credit account, ensuring there will always be playing funds when they want them.