Key West Resort & Casino chips: The future is bright (1 Viewer)

dennis63

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Recent issues:

Recently, we learned that the last owner of the business called "American Standard Molding" somehow acquired some Key West Resort & Casino chips while in Las Vegas. While these chips could have been acquired elsewhere, I believe at least some of them were purchased by my company, paid for up front, and returned to him for replacement. Instead, he closed his business without replacing the chips.

Now, two years removed from the closure of ASM Las Vegas in December, 2013, he is offering the chips for sale on Craigslist.

Members here have correctly recognized that selling flawed chips by calling them "new" and exaggerating their quality is unethical at the least. I note that his chips have not yet sold. I hope they don't.


Before ASM, Las Vegas, closed, the owner promised to replace chips I returned to him by making new, flawless chips. That never happened, and we were short several hundred chips when the company announced it was closing on December 4, 2013.

I am not happy that these Key Wests are now appearing on the market. My recommendation is simple: If you would like Key West Resort & Casino Chips, buy them from my company, or from Josh at Apache Poker Chips, who may still have some of the original issue chips from 2004. I can also recommend buying them on this site, where their provenance can be easily established.


Direct effect on our business:

The sale of Craiglist white $1 Key West chips has halted my plan to make white $1 chips "face value" in 2016. The plan was to offer to trade white $1 chips for their face value in merchandise for one year, and cash after that. That plan has been cancelled.

Response:

Key West Resort & Casino chips have been made exclusively by Classic Poker Chips since 2014. My company placed an early order with Classic on the morning of March 15, 2014 -- the day they opened for business -- and we've continued to buy our Key West chips exclusively from Classic Poker Chips since that day. The chips are brand new, mint, from the factory, and their quality harkens back to the old Atlantic Standard Molding of Portland, Maine.

We will be increasing quality control here to ensure that the chips we ship to you are the highest quality possible. If I would not put the chip on my table, I will not allow it to go out to yours. I continue to guarantee each chip sold. If you are not happy with a chip, return it for a refund or replacement.

We've also changed the box labeling a bit to give the boxes a cleaner look.

Where we are today:


Today, there are Key West chips on poker and blackjack tables in every state of the United States, and in 18 foreign countries. Key West chips are in play in Texas and Tuscaloosa, in the Black Forrest of Germany, on the French Riviera, and in Jerusalem and Beirut. They've traveled to Afghanistan with American troops, and are aboard (at least) one U.S. Navy ship at sea. Together, they number over 16,000, and their collective "face value" would be nearly $11 million, if they were only real.

Security of blue Key West $1 live chips:


All Key West blue $1 chips can be purchased for $1, and can be cashed in for $1 at any time. We began issuing these chips in 2014. To date, we've placed two orders for them with Classic Poker Chips for a total of 1,707 blue $1 chips, and issued 1,303 of them. The remaining 403 chips are kept securely, as is the cash backing the issued chips. We know the owners of all issued blue $1 chips.

The blue $1 chips remain secure and are unaffected by recent events.

The future of Key West:


My company will continue to make new Key West chips with Classic Poker Chips for as long as they and we are in business. We'll continue to use a portion of the profits from sales of our other items to offset the cost of Key West chips to members here and others who want a fine American-made clay casino chip for their home table.







 
Last edited:
The correct name for the Las Vegas-based business was American Standard Molding. The name was changed when the new owners moved ASM (formerly Atlantic Standard Molding) to Nevada.
 
The correct name for the Las Vegas-based business was American Standard Molding. The name was changed when the new owners moved ASM (formerly Atlantic Standard Molding) to Nevada.

You are correct, of course. OP updated.
 
Dennis,
My KW chips are fantastic and the blues are one of my all-time favorite. Looking forward to your restock of $5s to round out my set. - Todd in Tx
 
All you have to do is deal with Dennis one time and you'll know that buying from him is the only way to go.
This is true. Dennis embodies the essence of the words "ethical" and "integrity".

I love his chips and his price is outstanding (albeit sold as a loss to him for our benefit).

Really, truly cares about quality and maintaining the key west line.
 
This is true. Dennis embodies the essence of the words "ethical" and "integrity".

I love his chips and his price is outstanding (albeit sold as a loss to him for our benefit).

Really, truly cares about quality and maintaining the key west line.

We actually do make a small profit, though not from the sale of Key West chips. We view Key West long, long term. Here is a bit of what I see for Key West chips in the future:

We'll continue to make Key West denominated and roulette chips with Classic Poker Chips.

We'll continue to support the Key West line by offering other items, free tournament forms and online casino games, and by allowing our chip owners to use the Key West logo on their home tables.

We'll add every year to the list of other casino items we sell. Right now, we have over 50 items for sale.

We'll continue to offer face value blue $1 chips for $1. We may expand the "face value" chips to include other denominations.

Along with sales of new chip sets, we'll likely be the point of contact to sell your Key West chips or to rent Key West chip sets for your event -- something we can do now.

We'll remain here on Poker Chip Forum, the best conduit to communicate with the community of poker players and casino chip collectors.

Even longer term, we're thinking bigger.

But that's for a later post...
 
I have recently purchased the plain roulette chips (to be used as tourney chips). The service provided and the quality of the chips are top notch, and the pricing very competitive especially given the flexibility to choose "a la carte". Looking forward for new things in the future and best of luck to Dennis and his team
 
I can't wait for the actual Key West Casino to open in Rehoboth Beach (or Wilmington)!

Open a casino in Wilmington? You must be crazy.

Newsweek titled their article about Wilmington, "Murder town USA." (See the link, below.) It consistently ranks among the most violent small cities in America.

http://www.newsweek.com/2014/12/19/wilmington-delaware-murder-crime-290232.html

Once, at a law enforcement training in Washington, D.C., I met an FBI agent who asked where I worked. I said, "Newport." He assumed I meant Rhode Island, and that I lived on a yacht and played polo. I said, "No, Delaware."

"Where's that?" he asked.

"Two miles southwest of Wilmington.

He knew Wilmington. "Oh... I'm very sorry," he said.

Now, a casino at the beach? I'm there.
 
Any chance for plastic playing cards?

We still have a good supply of Key West playing cards in two back colors with a custom back design by J5. They're $3 per deck, and $2.89 in larger numbers. They're coated imperial linen paper, and compare favorably to a USPC-brand deck called "Aristocrat."

When you look at making new cards -- paper or plastic -- the cost per deck and minimum order quantities involved are incredibly high. Plastic has a higher MOQ. The time involved in designing and producing the cards is also more than you'd expect.

Even the folks who made our Key West decks have higher minimums these days than when they made 5,000 decks for us. And we still have lots of decks, so we're not looking to add more cards right now..
 
We still have a good supply of Key West playing cards in two back colors with a custom back design by J5. They're $3 per deck, and $2.89 in larger numbers. They're coated imperial linen paper, and compare favorably to a USPC-brand deck called "Aristocrat."

When you look at making new cards -- paper or plastic -- the cost per deck and minimum order quantities involved are incredibly high. Plastic has a higher MOQ. The time involved in designing and producing the cards is also more than you'd expect.

Even the folks who made our Key West decks have higher minimums these days than when they made 5,000 decks for us. And we still have lots of decks, so we're not looking to add more cards right now..

Cost per deck is admittedly high, but there are certainly options to get far below 5000 MOQ:

http://www.pokerchipforum.com/threa...-size-pastic-cards-makeplayingcards-com.8385/

Might not be worth stocking permanently, but I'm sure you could make a few happy customers with a small run.
 
....Newsweek titled their article about Wilmington, "Murder town USA." (See the link, below.) It consistently ranks among the most violent small cities in America.

So it's basically Camden (NJ) south?

We used to have holiday dinners at my wife's uncle's house, off 202 just north of 95, and that area looked pretty nice. I never really saw downtown, though. Too bad. I'd have thought that the Duponts' influence would have kept that city in better shape.

The beach sounds better, anyway. :eek:
 
There are still some very nice parts of the city. But DuPont has moved out the city. A senior company exec got mugged near the DuPont building downtown, and that was the.last straw. The company HQ is at their Greenville property, about 15 minutes outside the city and a couple of miles from my house.
 
Dennis, you might consider implementing a couple of 'security' items to distinguish your $1 white chips from non-authorized versions, which would allow you to continue with your face-value concept. PM me if interested in hearing details.
 
Might not be worth stocking permanently, but I'm sure you could make a few happy customers with a small run.

Let's look into a small run of plastic cards in 2016. A lot needs to be done first to get nice decks ready, but J5 did some other back colors. Maybe a plastic deck in a new back color? PGI will do as few as 100 decks, but they prefer 500 or 1,000. If the interest is there, we could do it.
 
Let's look into a small run of plastic cards in 2016. A lot needs to be done first to get nice decks ready, but J5 did some other back colors. Maybe a plastic deck in a new back color? PGI will do as few as 100 decks, but they prefer 500 or 1,000. If the interest is there, we could do it.

I'd be in for at least 10 decks/setups.
 

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