Needs of High Rollers, Government Leave Casinos in a Bind | Vegas Seven

In this week’s Green Felt Journal, I take a look at FinCEN, the federal bureau that, I think is going to make a big impact on Las Vegas in the near future:

Would-be high-rollers, take note: If you ever have a transaction of more than $10,000 at a casino, the staff there will gather information from you and file a report with the federal Financial Crimes Enforcement Network. You probably haven’t heard of FinCEN, but it’s a major player in our city’s biggest industry.

via Needs of High Rollers, Government Leave Casinos in a Bind | Vegas Seven.

As I suggest in the article, the tension between federal reporting guidelines and traditional credit practices has the potential to become a huge issue for Las Vegas.