The Missouri Gaming Commission has approved the implementation of a new state law allowing casino customers to gamble on credit. The Missouri Legislature quietly passed the law this year, and it was enacted without Gov. Jay Nixon’s signature. It will go into effect Aug. 28.
Missouri will be the 11th state to allow credit in casinos. Modeled after laws in those other states, the Missouri statute will allow gamblers to qualify for lines of credit of at least $10,000, with no maximum.
Casinos will conduct credit checks on gamblers seeking the no-interest credit. The law requires the money borrowed to be repaid within 30 days.
Though the new rules go into effect next month, they’re subject to public comment until Oct. 2. The commission will hold a public hearing on Oct. 6 and could vote to make the rules final at its meeting Oct. 29.