New El cortez dollar yuck (1 Viewer)

[ktran]

$25s and above icons usually have RFID and UV prints. Cromwell, Linq, and Palms have chips up to $5K all icon.

Probably not for Cortez $1 and GN $1 $5. GN $25 doesn’t even have RFID, only $100s and up.

Yeah I figured that, but they really don't check $25s that hard especially if it's not too much and mixed in. Just wondering if they could detect a few fakes in a whole rack tray.

Once the fake is in the cage, can they really traced who started it?

If it's mixed in system, you really can't accuse the person where it might end up next.

 

[greenchip]

Yeah I figured that, but they really don't check $25s that hard especially if it's not too much and mixed in. Just wondering if they could detect a few fakes in a whole rack tray.

Once the fake is in the cage, can they really traced who started it?

If it's mixed in system, you really can't accuse the person where it might end up next.

Every cage in Vegas sure has RFID counter where the machine counts number of chips and cash amount instantly. It’s not obvious, but there is a plate on the counter of the cage. If there’s 98 real chips and 2 fakes in a rack, they’ll know.

 

[ktran]

Every cage in Vegas sure has RFID counter where the machine counts number of chips and cash amount instantly. It’s not obvious, but there is a plate on the counter of the cage. If there’s 98 real chips and 2 fakes in a rack, they’ll know.

Well I guess they have to change their poker room cashier procedure. Maybe I've never noticed with cages, but I really don't see them doing that. They count and place the rack down.

 

[greenchip]

Well I guess they have to change their poker room cashier procedure. Maybe I've never noticed with cages, but I really don't see them doing that. They count and place the rack down.

They do that automatically when you hand the chips to the cage, the every cage desk is embedded with RFID reader which takes less than a second. Also I’ve seen at Wynn where they put the chips on the center with black square when a player places chip elsewhere, so they can use the RFID reader. Again it’s not obvious at all, but I just know it. Much easier than counting a rack, most RFID readers can handle thousands of chips at once.

Also not very obvious of RFID readers on blackjack or baccarat table to track how much players bet.

RFID chips are interesting, nowadays there’s RFID tags on a pound of red meat to track who’s stealing crap. Also, hidden in new clothes and shoes that’s sold in person, again and again they aren’t obvious.

 

[FestiveKnight]

I don’t think I’d call harvesting the “elephant in the room.” And I think there’s so many reasons why.

First off, except for rare exceptions like Paris during the recent WSOP, we just aren’t taking that many chips. How many GN $5s total do we think have been harvested vs how many they ordered? I have no clue of exact numbers but I just can’t imagine we’re moving the needle that much, no matter how inflated a sense of importance we have.

It’s also amazing profit margin for them on anything about a $2. Compared to let’s say NLHE where they “profit” off chips because they enable a rake, when we take a $25 out they just instantly get $20+. If I knew my higher denoms were going to be harvested I would gladly order more. It’s how the NAGB organizers profit on here y’all. You think the casinos aren’t that smart?

Also the idea that it’s difficult for them to order more. You think it’s much harder than “hey some more of the last stuff?” GPI presumably has a lead time but cmon y’all, casinos are an operating business. They make a lot of their money of doing a pretty damn simple thing extremely well. No one is suddenly surprised by the quantities of chips and then asking some intern “hey Jake, we need to order more chips but for the life of me I can’t remember how, you’ll have to ask around.”

So why are they doing it? Cleanliness seems like an interesting theory. I imagine they’re also cheaper than Paulsons and why spend more money when less money work? I also wonder if it’s because the design process is simpler. I can imagine a marketing exec arguing that the plastic chips give their team and easier time customizing and pivoting to brand standards than clay. And marketing is king these days.

 

[aaron2786]

Conjecture. All the "lost money" in harvested $1s in the world are a drop in the bucket to the casino bottom line. It's probably not even 1% of 1% of 1% of casino operating budget.

Casinos should love harvesters, especially for anything cash value of $2 and above. That's money that they have in hand with lower odds of going back out if the chips get redeemed.

Hey, slow down there fella, next you'll tell us casinos handing out cocktails isnt bad for business either! Lol

 

[LeLe]

From what i heard is that the cost of manufacturing Paulson chip went up 40% from 2022/23 which incentivized Casino even more to choose the much cheaper option for $1-$5

Bottomline is that Casino want to make even more money and less spending

 

[upNdown]

It’s also amazing profit margin for them on anything about a $2. Compared to let’s say NLHE where they “profit” off chips because they enable a rake, when we take a $25 out they just instantly get $20+. If I knew my higher denoms were going to be harvested I would gladly order more. It’s how the NAGB organizers profit on here y’all. You think the casinos aren’t that smart?

Is it really profit though? The casino doesn’t know the chips aren’t coming back. So it isn’t profit until either the casino closes or the chips are officially retired.
Of course, I’ve always assumed commemorative $5s (and up) exist because they want to to keep them, so it’s probably not a problem for them. But it can’t be as simple as doing a chip inventory every month and calling the missing ones profit.

 

[allforcharity]

Is it really profit though? The casino doesn’t know the chips aren’t coming back. So it isn’t profit until either the casino closes or the chips are officially retired.
Of course, I’ve always assumed commemorative $5s (and up) exist because they want to to keep them, so it’s probably not a problem for them. But it can’t be as simple as doing a chip inventory every month and calling the missing ones profit.

Yes, it is a profit (or loss) once they have the actual money in hand. The chip remains a legal liability against the corporation and the potential loss (or profit) upon eventually redemption.

They don't need to do a chip inventory for the sole purpose of tracking the cash that's represented, because they already have the cash. They only need to do so for practical purposes i.e. are they running out, are they damaged, are they out of circulation.

The inflection point is the cost of manufacture vs. face value. They lose more in comps than harvesting "losses" overall, by what I would consider a huge margin.

 

[ovo]

More ugliness , and you can have these at a great price

https://www.ebay.com/itm/1859467812...=0&osub=-1~1&crd=20230618064134&segname=11021

 

[Venturalvn]

Get real everyone. Las Vegas doesn't care about the 70 people (probably a high guess) in the world who want a few racks of $1s for their home games, sourced from a number of different casinos. This is all about spend, and they want the least amount of it they can have.

See new examples of replacing multi-decade year old racks with plain blue $1 hotstamps to confirm.

 

[ovo]

Get real everyone. Las Vegas doesn't care about the 70 people (probably a high guess) in the world who want a few racks of $1s for their home games, sourced from a number of different casinos. This is all about spend, and they want the least amount of it they can have.

See new examples of replacing multi-decade year old racks with plain blue $1 hotstamps to confirm.

70 people on a slow day