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Thread: I filed my first W2G form! :)

  1. #41
    Originally Posted by DGenBen View Post
    Originally Posted by Rob.Singer View Post
    Originally Posted by accountinquestion View Post


    Singer, please take note.
    Again, you have no experience with being paid hundreds of thousands of dollars in new & unused bills in a casino.

    What you do have experience in is envy of things that happen that you can't cope with. My big win is one; Trump exposing your misguided and wussified "greenie" nonsense is another.

    And oh....don't forget that you're a lonely old man who just didn't quite make the kind of music you were dreaming about making as a little momma's boy all those years ago.

    Keep posting....and keep watching your dreams turn into nightmares.
    Come on everybody. You need to listen to Rob. The money just looked white & unrealistic because it was all new and unused bills.

    Everyone whose ever been paid a large jackpot in cash from a casino before knows that when they pay those, they always do it with new & unused bills.

    It’s not as if money is constantly circulating through the casino or anything like that.

    Casinos always keep hundreds of thousands of dollars in brand new sequentially serial numbered bills sitting around so that when large jackpot winners take cash instead of checks, which is totally the norm for 7 figure wins by the way, they can pay it out easier.
    A lot of people don't know this but the casinos actually apply a light blueish-green tint to the $100s. They've found people just really like their greenbacks.

    Then along comes a guy like Singer and hits em for 3 million or whatever and they all at once got to get the money out the door because the man's son took time off from work to help him carry 10 pounds of paper out the front door and home.

    That explains the funny color of the money in the safe.

  2. #42
    Originally Posted by MisterV View Post
    Gotta think Cyr is spinning a tall tale.

    After I read the book about him, "Whale Hunt in the Desert" I came away believing he'd do all he could to have those he's hosting lose every penny.

    The more they lose, the more he gets paid by the casino.
    Steve said it was a one act of kindness however. IIRC the guy he showed kindness to was only about 21 and therefore new to gambling. Steve might have let the guy blow all the money if the guy was like 50 and gambling for around 29 years.
    Take comfort in the fact that no one is actually backing up his wishes to have you permanently banned.


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  3. #43
    Diamond MisterV's Avatar
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    Perhaps an act of shrewdness not kindness if the player was young and wealthy.

    By "saving him from himself" he is developing a bond of trust which would be useful in the future.
    What, Me Worry?

  4. #44
    This is the precise story, published August 5, 2015:

    I’ll tell you a story from three months ago. I did something then that Steve Cyr in the 1990s would not have done: I was at the Cosmopolitan with a $5,000 player. In three years I do not remember this guy winning one time. Finally, due to blind luck, he won $43,000. His session ended, I walked him to the cage, and I made them give him a check for $40k. We agreed that I would take the check from him and FedEx it to his home. He was left with $3,000 in cash. I sent him to the Spearmint Rhino and told him to have a blast chasing tits and ass. That night, at 10:30, he called me, begging for credit so he could start gambling again. I turned him down. He told me he was going to go to Caesars. I put in his credit report that he is a slow payer -- which is a lie, but I knew it would stop anyone from giving him credit. He said I was a motherfucker and wanted nothing to do with me. Then, on Monday, his FedEx package arrived. He called me on my cell phone, and said, “Thanks.”

    You hear this story and think I’m softening up? Fuck you. He now loves me for the rest of his life and I know he will never win again.
    I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.

    MDawg Adventures carry on at: https://www.truepassage.com/forums/f.../46-IPlayVegas

  5. #45
    That would work, what I just posted above. The way Tasha described it,

    Originally Posted by Tasha View Post
    Steve Cyrus told the Casino Staff Members to give the Client $10,000 in cash and SEND out the $490,000 to him in a check. The Casino Staff Members did exactly that.
    is impossible. A host doesn't have the power to dictate how a player is paid when cashing chips. All Cyr did is convince the player to tell the cage to cut him a check, and then convinced the player to give him the check to send home. That scenario is plausible.

    Where it gets hazy is whether a host has the power to affect Central Credit directly. Today, definitely not. Central Credit will report only what a casino credit officer, under the watchful guise of casino compliance, reports to them. So he might have fudged the story a little there. At most, he could perhaps have reported to a casino he worked with that the player was a slow payer, and somehow convinced that casino to report him for slow pay, but even so - there is no notation on a Central Credit file - no section for comments - such as "slow payer," rather if a marker is outstanding any length of time, it shows as unpaid and outstanding. Once that marker shows as outstanding for longer than 60, or definitely 90 days, that reflects "slow pay." Which is why that portion of Cyr's story might be entirely made up. And once the marker is paid, there is no derogatory reference left if the casino keeps the credit line open.

    Central Credit isn't like a personal credit report, there is no running tally of distant past 30 60 90 etc days late on payments. Once paid, the reference to any past debt disappears. Central Credit is more of a "real time" reflection of the player's current status in terms of debts owed and current credit lines open, with an added notation of highest credit limits ever played.
    Last edited by MDawg; 02-04-2025 at 09:42 PM.
    I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.

    MDawg Adventures carry on at: https://www.truepassage.com/forums/f.../46-IPlayVegas

  6. #46
    Originally Posted by The Boz View Post
    Originally Posted by Tasha View Post
    I won roughly a $1,900 Jackpot (I got an unexpected Mystery Progressive Jackpot. and received a W2G form and filed it with my taxes! This is my first W2G form ever and it was extensive to tell you, I had to put the Cashier name/Number who processed the Jackpot and a LOT of other little things. As I filed my W2G Form I thought of how time consuming it would have been if I had about 20 W2G Forms to fill out.
    Congratulations, did you also offset it with the losses over the year so it wasn’t a taxable event? Not sure if you pay any Federal Income Tax after deductions, as most working poor don’t. But if you do, and didn’t deduct you cost yourself money. And it also could mess up your EIC, which again many of your people have down to science by ensuring you don’t work too much that it hurts your maximum credit.

    But the tax prep person at Liberty or Jackson Hewitt (I think they are the companies you people use) should have explained that to you. Anyways any gain was probably offset by the 300% interest loan you took to get an immediate refund. An entire industry was built off exploiting you people to get your refund sooner.

    If you look it up on Urban Dictionary the term “nigger rich” was created during tax season.

    And taking that refund and putting it toward the retirement savings you withdrew would be a great decision, but again, it’s not happening and we all know it.
    Naw, mayng.

    Real hood folks get they taxes did here:

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