Get a rack of chips from a casino

lwnemesis

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Hi guys,

I was wondering is it OK to go to a casino and get $100 worth on $1 chips and just walk out with them? Does this equate to stealing or am I just "purchasing" them? I'm in need of some $1 chips and a casino is a good place to get them but I figure I ask before I do something wrong.
 

spikeithard

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Well there is... ................... and...

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DrStrange

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I did this twice - - TWICE - - got the chips home and then decided it was a waste of money and took them back to Vegas on my next trip. PUKE,

I gave back 1980's versions of $1 and $0.50 chips from the Riviera and then later a rack of ones from the Luxor.

now that is a monster regret -=- DrStrange
 

Quicksilver-75

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Meh....it's only stealing if you have a conscience for that. Think of all the money casinos take from old people thereby stealing from would-be inheritors.

I plan on stepping up my collection of MGM quarters after a small setback.
 

Shaggy

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I have liberated a rack of dollars from New York New York in Vegas. I have purchased racks that have been liberated. It is not stealing, but the casinos frown on it to a certain degree. Your best bet is to walk to the cage and ask for 20-40 of their dollar chips. Ask if they have any new ones in the back. You'll get a feel for how big of a request this is. If it seems small, ask for more on the spot. If it seems like they bent over backwards for you. Come back on a different shift and ask for more. Rinse repeat.
 

Quicksilver-75

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I just realized how akin this question is to asking a pot-smoker if buying weed is crime. I pretty sure there isn't ONE person here who'll view harvesting chips as a crime.
 

Bigkyle

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You pay for them, so they're yours. No one is closing casinos by walking off with racks of 1s, or even fracs, if you ask me.
 

ParrotheadMZ

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I just realized how akin this question is to asking a pot-smoker if buying weed is crime. I pretty sure there isn't ONE person here who'll view harvesting chips as a crime.
True but he's worried what security at the casino thinks:p
I say steal/grab up what you can, they can afford to make more :)
 

k9dr

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I simply went to the cage at NYNY and asked for a rack of $1's. They asked me if I wanted brand new ones and brought me a mint rack of $1's in the box. YMMV.
 

Shaggy

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I simply went to the cage at NYNY and asked for a rack of $1's. They asked me if I wanted brand new ones and brought me a mint rack of $1's in the box. YMMV.

I was told that if I had arrived a few weeks earlier I would have received the same graciousness. Because they were running low, they protected them more.
 

NiceShot

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These were tough to get, two trips for just 1 rack... traded them away with a lot of remorse.

You paid for them with money. They are still worth that amount when you take them back. It's more like borrowing. Now if you took them without exchanging money for them that would be stealing.

It's another form of currency. If you go to Greece and traded for some Euro's then took them home is that stealing?

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Parrothedd

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In one of my past lives I was the finance manager for the Golden Nugget when Steve Wynn owned Mirage Resorts. One of my responsibilities was to budget the new property in Biloxi, The Beau Rivage. I looked at the order to Paulson for chips and they were costed out at $0.18 each (of course we were buying a sh*tload)! So, when you liberate a $1 chip from the casino, you are actually giving the house an 80% margin. No problem! The only issue was the casino has to keep the value of those chips on their balance sheet as a liability for some number of years. Still, no problem!

JT
 

12thMan

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In one of my past lives I was the finance manager for the Golden Nugget when Steve Wynn owned Mirage Resorts. One of my responsibilities was to budget the new property in Biloxi, The Beau Rivage. I looked at the order to Paulson for chips and they were costed out at $0.18 each (of course we were buying a sh*tload)! So, when you liberate a $1 chip from the casino, you are actually giving the house an 80% margin. No problem! The only issue was the casino has to keep the value of those chips on their balance sheet as a liability for some number of years. Still, no problem!

JT


That's very interesting to hear parrot, I'm surprised at $0.18...I would have guessed that even at the best bulk prices they would be a tad more than that, like maybe just breaking even on the $0.25 chips.
 

Quicksilver-75

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That's very interesting to hear parrot, I'm surprised at $0.18...I would have guessed that even at the best bulk prices they would be a tad more than that, like maybe just breaking even on the $0.25 chips.
I thought I read somewhere that casinos actually pay well over over dollar per chip. Though those may be today's prices (with all the anti-counterfeiting measures) vs the old clay checks...
 

12thMan

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I thought I read somewhere that casinos actually pay well over over dollar per chip. Though those may be today's prices (with all the anti-counterfeiting measures) vs the old clay checks...

I have always heard that as well, it seemed to me that the general consensus was that some pay less than a dollar because they buy so much, but the majority of casinos lost a little bit of money on the ones. I don't think I ever quite bought that a "big" casino would pay anything close to a dollar per chip, but I never would have dreamed that cheap.

I definitely think how long it's been (however long ago it was) and the product involved might factor into it just like you said, but $0.18? Damn....
 

Shaggy

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I have heard and propagated that same information. Perhaps the purchase price from Paulson is less than a dollar in todays prices... but the logistics of inventorying and ordering pushes the actual cost above a dollar. It was this same statement that justified why the Fremont guarded their quarters with their lives.
 

joker80

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Another way to harvest ones is to play craps. Place the 5 and the 9 for 10 dollars each. If a 5 or 9 is rolled it pays 14 and you can pocket the four ones. Rinse and repeat, plus the game is fun.
 

dennis63

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When Delaware Park first opened, I tried to buy chips directly from the cage and was told, "We don't sell chips." They directed me to the tables. Sensing what I was doing, the cashier said the chips were "casino property," and that players were not allowed to remove chips from the property.

Some time later, while working as a police officer, I responded to back up another officer who was responding to a disturbance in the casino at about 3 a.m.. A drunken player who placed a losing roulette bet claimed he won and caused a disturbance when the dealer wouldn't pay his bet. Officials ejected him from the property and refused to cash $300 in $25 chips he was holding. He was told he was permanently banned from the property and driven home by the police with $300 in $25 chips in his pocket. (I thought this made no sense, because he was essentially holding an "IOU" from the casino, and a reason to return.)

So I think the answer, in many cases is, it depends.
 

manamongkids

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When Delaware Park first opened, I tried to buy chips directly from the cage and was told, "We don't sell chips." They directed me to the tables. Sensing what I was doing, the cashier said the chips were "casino property," and that players were not allowed to remove chips from the property.

Some time later, while working as a police officer, I responded to back up another officer who was responding to a disturbance in the casino at about 3 a.m.. A drunken player who placed a losing roulette bet claimed he won and caused a disturbance when the dealer wouldn't pay his bet. Officials ejected him from the property and refused to cash $300 in $25 chips he was holding. He was told he was permanently banned from the property and driven home by the police with $300 in $25 chips in his pocket. (I thought this made no sense, because he was essentially holding an "IOU" from the casino, and a reason to return.)

So I think the answer, in many cases is, it depends.
so youre saying he ended up just giving the chips to someone else to return? casinos are sometimes so dumb
 

Parrothedd

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I don't think they had all the anti-counterfeiting elements casino chips have now. It was nearly 20 years ago. (Damn I'm getting old!). I do remember they were being made in Mexico.

Something else I leaned that I found interesting is that the slot guys routinely ordered the machines with an increased number of what is known as "near misses". The manufacturer would program the machine to display a random non-paying combination as one that is almost a winner. For example, they would change lemon-plum-bar to bar-bar-& bar one stop up. This would give players the sense that the machine was "ready to pay!" They usually added 10-15% near misses. All legal since they modified only non-paying lines.
 

dennis63

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so youre saying he ended up just giving the chips to someone else to return? casinos are sometimes so dumb

Yes, he would have to get someone to cash the chips for him. His mentality at the time was, "I have their chips, so I'll be back." People can be dumb, too.
 

tikipirate

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These were tough to get, two trips for just 1 rack... traded them away with a lot of remorse.

You paid for them with money. They are still worth that amount when you take them back. It's more like borrowing. Now if you took them without exchanging money for them that would be stealing.

It's another form of currency. If you go to Greece and traded for some Euro's then took them home is that stealing?

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Just curious, is that because this property did not have a poker room? I've never had a problem going to the poker cage, putting down $100, and getting a rack. Carry it, go back to the room, whatever. I can see where it would be hard to get from a table game
 

NiceShot

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Just curious, is that because this property did not have a poker room? I've never had a problem going to the poker cage, putting down $100, and getting a rack. Carry it, go back to the room, whatever. I can see where it would be hard to get from a table game
Cargo pants ftw.
 
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