I never use markers at casinos. I think it’s poor money management to ever spend money that you don’t currently have with you. A lot of people, especially high rollers who don’t want to carry that much money around, like to use them, though.

How it’s supposed to work is that you get markers from the casino for money that you currently have in your bank account and then you wager the money that the casino provided you. A marker from a casino is the same as a credit line. You use the credit to gamble but the understanding, like any other credit line, is that you will repay the casino.

Du Chan Trinh, a San Diego resident, not only has not repaid the casino, but he took out the credit marker knowing he did not have the money to repay it, according to the casino chain. Caesars Entertainment Corporation is suing Trinh, saying that he took out gambling markers totaling $140,247 from four of their casinos. According to Caesars, he took out the markers at the Rio, Planet Hollywood, Paris Las Vegas and Harrah’s Rincon Casino knowing that he had no money to cover the credit line. Caesars say that Trinh’s actions were “willful, malicious and intentional.”

Those markers were returned unpaid by Trinh’s banks, with the checks indicating that the account was closed. In an effort to recoup their losses, Caesars is suing him, but they are going to have a hard time getting the money. That’s because Du Chan Trinh is bankrupt.

Trinh filed from Chapter 7 bankruptcy on October 12, 2010. Caesars filed a complaint with the California bankruptcy court, asking them not to cancel the gambling debts so they can eventually recoup the money they are owed.

In a sure sign that Trinh is really as bad with his finances as it sounds, his bankruptcy filings listed his assets as $400,000, with $781,000 worth of liabilities. That means he’s $381,000 in debt. Despite that, somehow he thought playing in a casino was a good idea! Caesar’s chain of casinos aren’t even the only casinos that Trinh owes money to. He also owes $30,000 to Barona Resort in Lakeside, California and $24,000 to the Penchanga Resort in Temecula, California.

Trinh has broken practically every rule of money management and casino gaming. If anyone should be placed on an exclusion list, which bans someone from a casino, this man should.

Tags: Caesars Entertainment, gambling debts, money management