Vegas Table Top ATM’s Allow Access to Now Lose Your Money Faster
Debuting soon at the Palms Casino Resort in Las Vegas, "table top ATM'" devices from the tech company PlayOn. These gizmos are essentially set up so that you never have to leave your seat. The idea is that they pay out, between hands, in casino chips instead of paper currency, cutting out the middleman and your eventual search for an ATM on the gaming floor.
Americans lost $117 BILLION to gambling in 2016. In 2020, you can lose it faster and much more conveniently. Withdraw the kiddos college fund right there from your rump, player.
Strapped for cash and worried about hitting their bank withdrawal limit? Don't sweat it, we're not bluffing, go all in, you can keep right on playing (losing) because it's not a true ATM transaction.
Instead, the devices use point-of-sale transactions, which, unlike traditional ATM deals, are more in line with using a bank card. With the ATM transaction, you are usually limited to $300 to $500 per day. Point-of-sale transactions, on the other hand, are typically between $3,000 and $5,000 per day, depending on what your bank limits are. Plus, while casino ATM transaction may include a $5 charge, a point-of-sale withdrawal in Las Vegas would be closer to $4 and up to 3 percent depending on the casino.