Okay. That is not a label or an adhesive. It is basically the resin/polyester blend that is mixed into the chips to accept the dye sublimation ink. It is basically just an unfinished poker chip surface. It definitely has nothing to do with labels or adhesives or laminates. Labels are vinyl with an adhesive backing. Additional adhesives are not applied to the chip prior to application. Also the laminate that gets applied to poker chip labels is done while they are still on the sheet prior to cutting. So it could not be a label, a laminate or an adhesive. That leaves the basic composition of the chip. If something shiny is on top of that center portion it is probably the polyester that is melted and not pressed with a textured surface during the heat and compression process of manufacturing.