What happens to WSOP Tourney chips (1 Viewer)

[Phoe9x]

I know WSOP is in Full swing now, but I’m interested in what happens to the tournament chips once the event is over. Are there ever any auctions to sell off the chip sets? Or are they stored away never to be seen again?

 

[ThinkingFold]

Vegas has a law that old chips must be destroyed. However, some WSOP chips are used year after year so they go into storage until the next WSOP.

 

[ekricket]

https://ameri-shred.com/portfolio-items/casino-waste-shredders/


https://www.semshred.com/death-of-a-casino-chip/

 

[Frogzilla]

I know WSOP is in Full swing now, but I’m interested in what happens to the tournament chips once the event is over. Are there ever any auctions to sell off the chip sets? Or are they stored away never to be seen again?

Stored and reused next year

the rio chips probably got destroyed.

 

[Colquhoun]

Just found this form online. I always thought a gaming official was required to be present to witness the destruction of chips.
Turns out, it only requires 2 higher-level casino staff members as witnesses.
All we need now is a couple of insiders.
https://gaming.nv.gov/modules/showdocument.aspx?documentid=14868

 

[ThinkingFold]

the rio chips probably got destroyed. are going to be in Jim's next sale.

Like the sound of the above better.

 

[AWenger]

Just found this form online. I always thought a gaming official was required to be present to witness the destruction of chips.
Turns out, it only requires 2 higher-level casino staff members as witnesses.
All we need now is a couple of insiders.

Nice! I'm imagining this as a movie plot for Ocean's 15.

 

[Colquhoun]

Maybe develop a “shredder” that when you dump chips in, doesn’t harm them…rather makes a lot of noise and spits out old leftover shavings from our milling process.

 

[AWenger]

Maybe develop a “shredder” that when you dump chips in, doesn’t harm them…rather makes a lot of noise and spits out old leftover shavings from our milling process.

I've seen Penn and Teller use a shredder like that in one of their magic acts ... steal 'magic' shredder from Penn and Teller ... the movie plot is coming together!

 

[cpiaaq]

The last time I checked the regulations, the destruction requirement only applied to cash chips. So…there’s a chance.

 

[doublebooyah85]

They can shred this version of wsop chips for all I care lol

 

[JMC9389]

IIRC, The Chip Room tried to acquire the old Rio WSOP chips but ultimately came up short.

 

[Senzrock]

Some make it to PCF….

 

[StoneDonkey]

I would love to get confirmation that the WSOP *Rio* *Tournament* chips are destroyed or TBA or unknown status.

 

[KarateMaster72]

Ok we need clarification. Is it true that only cash cheques have to be destroyed? Or do tournament chips also need to be destroyed?

 

[Eriks]

So next NAGB-thing should be to become a licensed chips shredder in Nevada

 

[PocketAces]

Ok we need clarification. Is it true that only cash cheques have to be destroyed? Or do tournament chips also need to be destroyed?

This has been discussed previously, although I don’t think anyone came up with a definitive answer

https://www.pokerchipforum.com/threads/wsop-venue-change.76825/#post-1561507

IIRC, The Chip Room tried to acquire the old Rio WSOP chips but ultimately came up short.

Yup. Looking forward to hearing that story @TheChipRoom

 

[kimbless]

Some make it to PCF….

View attachment 1143946

those edgespots on the 100 (charcoal), 500 and 1000 RHC chips are bizarre

 

[BGinGA]

Ok we need clarification. Is it true that only cash cheques have to be destroyed? Or do tournament chips also need to be destroyed?

Nevada law requires that obsolete cash cheques be destroyed, but good luck trying to convince the Nevada Gaming Commission that the law doesn't apply to tournament chips.

 

[KarateMaster72]

Nevada law requires that obsolete cash cheques be destroyed, but good luck trying to convince the Nevada Gaming Commission that the law doesn't apply to tournament chips.

I hear you. I mean they know there's a difference between a cheque and a chip. But you know bureaucracy and all that other cool stuff. We need an inside man lol. I'm sure they're worried that somebody may be able to alter it to make it look like a cash chip. Or maybe even sneak it into the next year's tournament or something? Who knows

 

[cpiaaq]

One example is South Point gave its tournament chips away a few years ago. I don’t know the details but @Ben8257 ended up with some. Also it seems lots of retired NV roulette chips escape destruction.

I’m guessing most casinos don’t care one way or another and take a “better safe than sorry” approach. However, the above examples show that it does happen.

 

[cpiaaq]

edit: removed as it was posted above

 

[TheChipRoom]

I would love to get confirmation that the WSOP *Rio* *Tournament* chips are destroyed or TBA or unknown status.

I can confirm they are destroyed. I would post an email from my contact, but I'm sure they wouldn't like me share it.

 

[StoneDonkey]

ok. thanks. that's too bad. I know someone who has one of each of the denominations from the starting stack $25 to $5000 except the T500. She really wanted to get a T500.

 

[Raven888]

They sell old WSOP decks of playing cards in the gift shops.