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How much money does a las vegas casino have to keep on hand?

Is the money won in a casino taxed before you receive the money, or do you have to declare it later on your tax forms?

I heard this on Bob McCowns’ Prime Time Sports show.
I don’t know if it is present or recent.
Said the player flys in to Vegas to make appearances to pay off the debt.

Myself and a friend of mine have come up with a plan to play a certain table game at the casinos that, after approximately six months of testing, seems to be capable of making money in the long run. In our six month test run, using authentic equipment and dealing techniques that the actual casinos use, we have profited approximately $60,000 each after an initial investment of $5,000.

My question is, would anyone out there actually consider investing $5,000 or $10,000 in this plan with a minimum of a 200% return over a six month period? If we did actually find an investor, they would be briefed on the plan itself and how it works, and be shown our documentation for our test runs.

I was just curious if anyone out there would actually invest in such a plan, or if everyone would automatically say no because it involves gambling.
Thanks everyone for your answers so far.

As for getting banned from the casinos by using this plan, we’re going for a low key approach… a profit of around $1500 to $2000 per week, per person. This is low enough that the casinos won’t consider us cheating or a threat… especially since this is NOT a 100% win-all-the-time plan, we have lost many hands doing it, but still made a profit by playing smartly. The game we play is Three Card Poker, so there really isn’t a way to cheat at it.

P.S. If anyone would like to cosnider investing in this plan, or would like to discuss it, please contact me at fwniceguy2001@sbcglobal.net.

I plan to take this trip with a friend ad we will be splitting the cost of hotels, gas, and food.

we plan to take a road trip. We have a place to say for free in San Diego. We need a place to stay in LA, San Fransico, Grand Cayon, Las Vegas.

In order not to spend so much on hotels I plan to make stops along the 101 : Santa barbara, San Luis Obispo, Pismo beach Monterey, I need help!!!

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