Rumors of casino poker room permanently closing (1 Viewer)

broski_ICE

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Alright, after going through some of these posts and for sales, I see obsolete poker chips that were from poker rooms that I know for a fact closed shop.

I'm wondering - were these obsoletes collected before the room closed or where they somehow obtained after the room shut down? I'm pretty sure the poker room used different chips (I believe they were THC) than the floor/pit.

I've heard similar rumors of a local casino run room closing permanently. If it does/the scuttlebutt is true, is there any way to keep on the look out if those chips might become available? Is it worth being the squeaky wheel and asking about them?

This type of question might be far reaching, and I'm not naming the place because of the nature of the question and the fact that it's just rumors in the first place.

Thanks guys! Appreciate any input!
 
I'm not an expert, but from what I can gather based on my time here:
  • Some states require the chips to be destroyed after a casino closes. Whether they are put into the grinder or buried in concrete, they're effectively trashed. I believe Las Vegas is one such place.
  • Some times, issuing a cancellation stamp is enough, so the chips are drilled/stamped, and then someone is able to acquire them.
  • In some cases, vendors here like The Chip Room are able to acquire the sales of the chips after the casino has either closed or rebranded. In these cases, the vendor buys all of them (like, 100,000 chips) and then runs a sale here
The wording you used is odd; if a poker room closes, but a casino stays open, the chips should still be valid, and therefore they wouldn't be sold off. More than likely given a grace period to redeem and then ultimately destroyed. I assume you actually meant the whole casino / card room closing.

Texas might be different b/c of their weirdo card room laws.
 
I'm not an expert, but from what I can gather based on my time here:
  • Some states require the chips to be destroyed after a casino closes. Whether they are put into the grinder or buried in concrete, they're effectively trashed. I believe Las Vegas is one such place.
  • Some times, issuing a cancellation stamp is enough, so the chips are drilled/stamped, and then someone is able to acquire them.
  • In some cases, vendors here like The Chip Room are able to acquire the sales of the chips after the casino has either closed or rebranded. In these cases, the vendor buys all of them (like, 100,000 chips) and then runs a sale here
The wording you used is odd; if a poker room closes, but a casino stays open, the chips should still be valid, and therefore they wouldn't be sold off. More than likely given a grace period to redeem and then ultimately destroyed. I assume you actually meant the whole casino / card room closing.

Texas might be different b/c of their weirdo card room laws.
Thank you for the reply!!
All of that makes sense, appreciate it. As you can see I'm on the Wait List still and rather new lol.

For a couple casinos by me, the poker rooms use different chips than the pit/floor. The one that I know closed had the same set up. If you bought your chips on in the pit/floor, they were different than the chips you bought in the poker room. Then, once you cashed out of the poker room, you'd go up to the counter where you bought them and cash out there. Then when you cashed out on the pit, you brought those chips to the cages on the floor.

I'm sure both chips were interchangeable at every cage, But I do know if you took a stack of poker chips to a blackjack table (for example) the dealer would change them into the chips used on the pit before you started playing.

I'm sure you could, but I've never seen anyone take a rack of poker chips out of the poker room without cashing out before leaving (for example, to bring to the cages in the pit). The ones I've seen exchanged on pit games were handfuls that people pocketed rather than 'racked up'.

Essentially - the casino isn't closing any time soon, but the poker room has been closed since the COVID shut down and I'm hearing rumors that they want to keep it closed and set it up in other ways once some laws chance (I'm putting something down for people to pick up).

Then - if just the poker room shuts down, they would have designated poker chips that don't match any on the floor. I should check out the state laws, I'm sure they fall into one of your 3 categories!

Appreciate the conversation!
 
Don’t put it off. Don’t wait. They will shred them because they don’t know anything different
 

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