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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 Sporting events Cantina y Local casino are a gambling establishment in the North Vegas, Nevada

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Ojos Locos Sports Cantina y Local casino

The property try possessed and you may operated by Fifth Path Betting. It includes a keen Ojos Locos football club and you will restaurant, plus a great ninety-area resort also known as Hotel Jefe.

The hotel try produced in 1991, and you will to begin with run because a weeks Inn. Shawn Scott, a casino holder, bought the hotel for the 1995 and you may rebranded it the fresh Cheyenne Resort. By 1997, he’d added slots for the hotel’s bar. MTR Gaming ordered the fresh Cheyenne in the 1998 and you may added a casino build next season. The firm renamed the home because the Speedway Gambling establishment and provided they a system rushing theme, inside mention of the regional Vegas Engine Speedway. For the 2008, the home was marketed to help you its establish owner, and that operated it as the fresh Fortunate Bar up until the Ojos Locos rebrand inside the 2023.

Records

The hotel-local casino are at 3227 Civic Cardiovascular system Drive, [ 2 ] at the https://westcasino.io/pt/ intersection away from Cheyenne Path. [ twenty-three ] The hotel, made in 1991, [ four ] to begin with operate because a time Inn. It actually was owned by Honest Paul Gold, a northern Vegas obstetrician, [ 5 ] exactly who along with owned the new Crystal-palace gambling enterprise within the Laughlin, Las vegas, nevada. Regarding 1980s, Gold wished to discover a gambling establishment towards North Las vegas web site known as the Cheyenne Playing Hall and Saloon. [ six ] [ seven ] Yet not, he had been struggling to to get a betting license. [ 8 ]

Of the June 1995, the resort was known as the Finances Host Inn and you can battling for the case of bankruptcy. It actually was marketed one to day so you’re able to Shawn Scott, whom owned the brand new Post office Casino inside Henderson, Las vegas, nevada. Scott gotten the fresh Budget Servers Inn within market getting $one.one million. He renamed they the latest Cheyenne Hotel and wanted so you’re able to refresh the fresh new run-down property. His agreements incorporated the new reopening of a cafe or restaurant and you will couch, and the addition from a casino, capitalizing on the brand new website’s grandfathered gambling position. [ 9 ] Scott questioned a permit getting 75 slot machines and you may 2 table games, nevertheless Las vegas, nevada Gaming Payment discover his listing government as sloppy. During the December 1996, the fresh percentage awarded just an enthusiastic 11-day minimal license to possess twenty-five hosts, [ 10 ] and that manage regarding hotel’s bar. [ eleven ]

Speedway Gambling enterprise (1999�2008)

Inside the ing gotten the brand new Cheyenne for $5.5 mil during the bucks. [ twelve ] The firm told you it can complete a development, already happening, including a ten,000 sq ft (930 meters 2 ) gambling establishment structure. [ 11 ] The fresh new Cheyenne try renamed the new Speedway Local casino and you may offered an engine racing motif, inside mention of regional Vegas Motor Speedway. The resort part try reada Inn chain. [ thirteen ]

The fresh gambling establishment started during the parece, that have 143 slot machines. [ 14 ] MTR acquired the gambling license the following Sep, and you may said it could take over operation of gambling establishment to the Oct one. [ 15 ] The official grand opening was held inside the , for the gambling establishment which have lengthened to over three hundred slot machines, that have desk video game and you can an excellent Leroy’s sportsbook, racing-styled eating portion, and you will a racecar simulation. [ sixteen ] Dan Neil of Los angeles Times later on titled it an excellent “hopeless and you can sketchy absolutely nothing gambling establishment” and you can a great “hilariously low-rent, beer-for-morning meal venue” having “some truth be told a great airbrushed banners of good rushing moments”. [ 17 ]

Of the , the property got did not make money, and you can are bringing tips to attract really worth-conscious site visitors, along with Hispanics, Nellis Air Push Base staff, and you may Northern Las vegas owners. [ 18 ] By the 2004, MTR is actually revealing yearly web funds out of $nine.8 billion from the Speedway. [ twenty three ]

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