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Nevada and (2) once judgment was obtained against petitioner,
Caesar’s would then have the judgment enforced against him by the
courts of his home State. It was Caesar’s usual practice to
proceed in this manner in the event a lawsuit was instituted
against a debtor.
A letter dated May 5, 1988, from Caesar’s account
representative to petitioner stated that the casino would accept
a lump sum settlement of $142,000 in payment of petitioner’s
account, provided payment was made prior to June 5, 1988.
Petitioner and the casino continued to negotiate a settlement
after that offer. Petitioner subsequently signed an allowance
receipt that was received by Caesar’s on July 18, 1988, that
requested $255,000 be written off his account balance to induce
him to make payment on the account. In accordance with an
agreement between Caesar’s and petitioner, petitioner paid
Caesar’s $100,000 by check dated June 29, 1988, that was received
by the casino on September 2, 1988.
Caesar’s wrote off the $255,000 balance of petitioner’s
account in September 1988 and noted in its records that (1) no
attempt should be made to collect that amount should petitioner
return to the casino to gamble and (2) no credit would be
extended to petitioner in the future due to the settlement.
Petitioner retained no records of his contacts with Caesar’s
concerning the repayment of his debts to the casino.
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Last modified: May 25, 2011