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GLOSSARY

Debts or receivables

The schedule of work a Member RMA processes in order to try and collect debts (also known as a Workflow)

On-going debts being collected

Profitable enough to warrant a cost investment

The levels of professionalism in approach an RMA can demonstrate e.g the training of its agents, how data is protected by the RMA, how secure are its payments process and client money, once debts have been collected etc

The arrangement whereby debt collection services are offered on a “commission on collection” basis

Criminal records bureau checks

A company, an organisation or individual who places debts for collection onto the Metwork platform

Group of debts/accounts/receivables

The layout of the debt information (usually on an excel file) that is transferred to the RMA.

  • (a) The age of the debt. The older it is the more difficult it is to collect
  • (b) the quality of the contact data supplied. Is there a phone number, an email, a work telephone number, the full address available etc? The less the amount of contact data available the more the Member has to do to find it.
  • (c) The level of dispute around the debts. Are people refusing to pay because services haven’t been carried out or information hasn’t been supplied?
  • (d) Amount of work already processed to try and collect the debts. How many letters, emails and calls have been sent/made and have the debts been placed with another agency prior to placing on Metwork?

RMAs based in the same country as the debt placer.

Formal checking process to establish the business credentials of a party

Secure online facility provided by RMAs (Metwork members) that supplies information and analysis to the debt placer on the progress of their accounts.

Laws and guidance governing the work of collection agencies

A formal procurement process where multiple bidders are invited to submit a detailed proposal

Materials and know-how that specifically are the creation of a particular party and as such are subject to ownership rights.

The debt collection system that the RMA( Metwork Member) works on.

A Receivables Management Agency or RMA, better known as a debt collection agency who may place bids to collect your accounts.

A company, an organisation or individual who places debts for collection onto the Metwork platform.

A rapid procurement process. Usually sent to “preferred potential bidders”

Amounts of debt that have been collected

If no debt has been collected in that reporting period the RMA must record a 0, as opposed to not recording a figure.

One payment based on a forecast of how much debt will be collected

Group of debts/accounts/receivables

Would be considered by all interested parties as a “fair proposal” based on the information supplied

Debts or accounts

The amount of debt that a member RMA predicts will be collected.

Receivables Management Agency/ Metwork member

A formal procurement process where multiple bidders are invited to submit a detailed proposal.

An amount an RMA will charge for finding someone who has disappeared from an address

Sending the debt amounts and personal information to the RMA so they can start collecting them

A legal action resulting in a court judgment awarded against the defendant

To cancel a placement of debts already on the Metwork platform

The difference it costs a Member to collect a debt and the commission they earn from collecting it.

Ojos Locos Football Cantina y Casino is a casino inside the North Vegas, Nevada

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Ojos Locos Activities Cantina y Gambling establishment

The home try possessed and you can operate by Fifth Path Gambling. It provides an enthusiastic Ojos Locos sports club and you will cafe, along with an effective ninety-area resorts called Lodge Jefe.

The resort is actually built in 1991, and you may to start with operated since the an era Inn. Shawn Scott, a casino holder, bought the hotel for the 1995 and you can rebranded they the fresh Cheyenne Resort. From the 1997, he had additional slots into the hotel’s bar. MTR Gaming purchased the newest Cheyenne in the 1998 and you can extra a casino framework the coming year. The firm rebranded the house as the Speedway Gambling enterprise and you may gave they a system racing motif, in the mention of the regional Vegas System Speedway. In the 2008, the property was marketed so you’re able to its expose holder, and therefore operate it as the newest Fortunate Club before the Ojos Locos rebrand inside the 2023.

Background

The resort-casino are at 3227 Civic Cardio Push, [ 2 ] within https://dynabetcasino.dk/ intersection off Cheyenne Method. [ 12 ] The resort, built in 1991, [ four ] in the first place run as the a period Inn. It was belonging to Honest Paul Gold, a northern Vegas obstetrician, [ 5 ] which together with owned the brand new Crystal palace casino during the Laughlin, Las vegas. In the 1980s, Silver wished to open a casino towards North Vegas site known as the Cheyenne Gambling Hallway and you will Saloon. [ 6 ] [ eight ] However, he was not able to and obtain a gaming permit. [ 8 ]

By the June 1995, the hotel is actually known as the Budget Servers Inn and you may having difficulties inside case of bankruptcy. It had been offered you to week to Shawn Scott, which had the new Post office Local casino within the Henderson, Las vegas, nevada. Scott received the new Finances Machine Inn in the market for $one.1 million. The guy rebranded they the newest Cheyenne Resort and you can desired so you can rejuvenate the fresh run-down possessions. Their agreements included the latest reopening of a restaurant and you will settee, as well as the inclusion of a gambling establishment, capitalizing on the newest site’s grandfathered playing status. [ nine ] Scott asked a license to own 75 slots and you may 2 desk video game, nevertheless Las vegas, nevada Betting Fee located his listing management as sloppy. In the December 1996, the brand new payment approved just an eleven-day restricted license getting twenty five hosts, [ 10 ] which run regarding the hotel’s club. [ eleven ]

Speedway Casino (1999�2008)

In the ing gotten the fresh Cheyenne to possess $5.5 mil inside cash. [ 12 ] The organization said it would done a development, already in progress, including a good 10,000 sqft (930 m 2 ) gambling establishment design. [ eleven ] The new Cheyenne try renamed the latest Speedway Gambling enterprise and you can considering a system race theme, within the mention of the close Las vegas Motor Speedway. The resort bit is reada Inn chain. [ 13 ]

The fresh casino started inside the parece, with 143 slot machines. [ fourteen ] MTR acquired their playing permit another September, and you may said it could take over operation of your local casino for the October one. [ fifteen ] The state grand opening occured in the , on the gambling establishment with lengthened to over 3 hundred slot machines, having table games and you may good Leroy’s sportsbook, racing-themed eating portion, and you may good racecar simulator. [ sixteen ] Dan Neil of your own La Minutes after entitled it an excellent “hopeless and you can sketchy little local casino” and you will a great “hilariously lower-lease, beer-for-breakfast area” that have “certain the truth is a airbrushed banners of good rushing scenes”. [ 17 ]

From the , the house or property had don’t make money, and you can is actually providing actions to draw worthy of-mindful traffic, together with Hispanics, Nellis Air Force Legs personnel, and you can Northern Las vegas citizens. [ 18 ] From the 2004, MTR try reporting yearly web funds of $9.8 billion during the Speedway. [ twenty three ]

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