Definition
The authority to charge a punter's gambling or other bills to the casino.
In Context
- "In the casino business, they call it the power of the pencil. As casino host I had the ability to sign away a guest's restaurant tabs, wipe out all room or suite charges, give away almost any casino and hotel bills."
- "Mafia pit bosses had the 'power of the pencil' to hand out free rooms, food and beverages at their discretion, […]"