15 useless facts about casino chips article (1 Viewer)

[judgeanjury]

Thought it was a interesting read.

https://vitalvegas.com/facts-about-casino-chips/amp/

 

[Leftoverdonut]

very interesting!

never knew that about blue chip stocks.

 

[Taghkanic]

Thought it was a interesting read.

https://vitalvegas.com/facts-about-casino-chips/amp/

Yes, a good read; I would have liked to have some sources cited in a few places. Some claims seemed iffy.

Also, how do those Vegas size regulations pertain to oversized chips?

 

[GianThaMan]

Yes, a good read; I would have liked to have some sources cited in a few places. Somr claims seemed iffy.

Also, how do those Vegas size regulations pertain to oversized chips?

They can request oversized chips from the NGC. It’s not really a hard requirement.

 

[CrazyEddie]

My wife came across this article yesterday when it crossed her newsfeed. She was annoyed at how many of those facts she knew and blamed me for dragging her into this rabbit hole.

 

[CrazyEddie]

Also, lol at the idea of a casino "turning off" RFID, or that RFID had anything to do with the Bellagio heist.

 

[CrazyEddie]

And, of course, regarding number five:

5. Chips are made from sand, chalk and clay, similar to the materials used in kitty litter.

Never forget that poker chips are made from plastic, plastic, and plastic, no matter how many times people say the word "clay".

 

[Silver_Fiend]

Also, lol at the idea of a casino "turning off" RFID, or that RFID had anything to do with the Bellagio heist.

Yeah, shows that the author has zero clue how RFID works. Some of the other statements were equally laughable

 

[CrazyEddie]

So about that Bellagio heist...

Back in 2010 a guy wearing a motorcycle helmet and carrying a gun grabbed a bunch of chips off the craps table and ran out of the casino with $1.5 million in chips, a lot of them high-value ($25,000). The casino immediately revoked the high-value chips and deployed the secondary set, making them instantly worthless.

https://www.spokesman.com/stories/2010/dec/30/chips-are-down-for-bellagio-bandit/

The cancelled 25Ks could still be redeemed by casino patrons, but since the casino knows all the high-rollers personally, anyone walking in trying to cash a 25k will be subjected to rather intense scrutiny i.e. there's no way the gunman could cash them himself.

Interestingly, though, his haul included a lot of lower value chips ($5,000 and below) which were not cancelled and which could still be spent without raising any red flags. He ended up with about $400,000 in useable funds and was able to spend those chips at the casino tables with no problems at all. He pissed away that entire half-million stash in six weeks of gambling, drugs, and hookers, and then got caught when he tried to convert the 25k chips into cash by trading them on internet forums I shit you not.

There are some big-time losers in Vegas but this guy has to be the biggest loser they've ever seen.

https://www.rollingstone.com/cultur...as-biggest-casino-and-almost-got-away-105349/

 

[Poppin92]

So about that Bellagio heist...

Back in 2010 a guy wearing a motorcycle helmet and carrying a gun grabbed a bunch of chips off the craps table and ran out of the casino with $1.5 million in chips, a lot of them high-value ($25,000). The casino immediately revoked the high-value chips and deployed the secondary set, making them instantly worthless.

https://www.spokesman.com/stories/2010/dec/30/chips-are-down-for-bellagio-bandit/

The cancelled 25Ks could still be redeemed by casino patrons, but since the casino knows all the high-rollers personally, anyone walking in trying to cash a 25k will be subjected to rather intense scrutiny i.e. there's no way the gunman could cash them himself.

Interestingly, though, his haul included a lot of lower value chips ($5,000 and below) which were not cancelled and which could still be spent without raising any red flags. He ended up with about $400,000 in useable funds and was able to spend those chips at the casino tables with no problems at all. He pissed away that entire half-million stash in six weeks of gambling, drugs, and hookers, and then got caught when he tried to convert the 25k chips into cash by trading them on internet forums I shit you not.

There are some big-time losers in Vegas but this guy has to be the biggest loser they've ever seen.

https://www.rollingstone.com/cultur...as-biggest-casino-and-almost-got-away-105349/

Right , THE BIKER BANDIT
I mean seriously , you rob a casino and flew away with you’re motorcycle. Then you go on the internet trying to sell them and have you’re username be THE BIKER BANDIT

This guy is just funny

 

[BukNaked36]

" 4. Gaming regulations also specify chips must be “disk-shaped.” "

Are there any plaques in Vegas?

 

[swana]

So about that Bellagio heist...

Back in 2010 a guy wearing a motorcycle helmet and carrying a gun grabbed a bunch of chips off the craps table and ran out of the casino with $1.5 million in chips, a lot of them high-value ($25,000). The casino immediately revoked the high-value chips and deployed the secondary set, making them instantly worthless.

https://www.spokesman.com/stories/2010/dec/30/chips-are-down-for-bellagio-bandit/

The cancelled 25Ks could still be redeemed by casino patrons, but since the casino knows all the high-rollers personally, anyone walking in trying to cash a 25k will be subjected to rather intense scrutiny i.e. there's no way the gunman could cash them himself.

Interestingly, though, his haul included a lot of lower value chips ($5,000 and below) which were not cancelled and which could still be spent without raising any red flags. He ended up with about $400,000 in useable funds and was able to spend those chips at the casino tables with no problems at all. He pissed away that entire half-million stash in six weeks of gambling, drugs, and hookers, and then got caught when he tried to convert the 25k chips into cash by trading them on internet forums I shit you not.

There are some big-time losers in Vegas but this guy has to be the biggest loser they've ever seen.

https://www.rollingstone.com/cultur...as-biggest-casino-and-almost-got-away-105349/

Thanks for linking to the Rolling Stone article, it was a fun read.

I think the kind of guy who pulls off a robbery like the one at the Bellagio is generally not capable of making good decisions... How things ended up is not a surprise...

 

[Poppin92]

Thanks for linking to the Rolling Stone article, it was a fun read.

I think the kind of guy who pulls off a robbery like the one at the Bellagio is generally not capable of making good decisions... How things ended up is not a surprise...

Unless you’re George Clooney

 

[Poppin92]

" 4. Gaming regulations also specify chips must be “disk-shaped.” "

Are there any plaques in Vegas?

They are plenty of plaques in Vegas

 

[CrazyEddie]

Unless you’re George Clooney

everyone thinks they're george fucking clooney

 

[BGinGA]

And, of course, regarding number five:



Never forget that poker chips are made from plastic, plastic, and plastic, no matter how many times people say the word "clay".

Although some components of compression-molded chips do include materials related to chalk and other silicates.

 

[allforcharity]

Well, call me an exonumiaddict!

 

[DoubleEagle]

Looks like he converted all the measurements from metric. Why?