Pre-authorized casino credit instrument

摘要

A casino credit access instrument comprises a source of funds for a player, such as for placing wagers to play casino-style games or to purchase other goods or services. The instrument defines a period of timed during which credit may be accessed up to a predetermined amount, defines a redemption period during which any accessed credit may be re-paid, and defines settlement terms if the instrument is not redeemed. Credit may be granted based upon financial collateral, which collateral may be executed upon to settle the instrument. The instrument provides a convenient source of funding for player at low risk to the casino or other lender.

主权项

1. A method of providing casino credit to a player of a casino comprising the steps of:
accepting input from a player at a kiosk for an application for credit, said application including information identifying said player and information regarding two or more sources of financial collateral not associated with said casino; transmitting said application to an account server, the account server processing said application and determining if at least one qualifying criteria for issuance of casino credit has been met; when the at least one qualifying criteria is satisfied, the account server defining at least two casino credit instruments, each casino credit instrument having features including a maximum credit limit, a credit access period defining a time period during which credit may be redeemed and after which the casino credit instrument is settled, redemption provisions and settlement provisions, and wherein terms of said features of at least two of said casino credit instruments differ from one another; receiving information of said at least two casino credit instruments at said kiosk and displaying said information of said casino credit instruments on a display of said kiosk; accepting input at the kiosk from said player of a selected one of said casino credit instruments; providing credit upon request by said player during said credit access period up to said maximum credit limit for said selected casino credit instrument; permitting said player to redeem all or part of any credit accessed during said credit access period based upon said redemption terms for said selected casino credit instrument; and when said player does not redeem all of said accessed credit, settling said casino credit instrument based upon said settlement terms.