Gifted Chip
https://wizardofvegas.com/forum/off-topic/general/9819-found-casino-chip/
Bottom line: Unless you can provide more info about where you got the chip, you may be out of luck.
@Nareed, do you have a link by chance please???
http://www.lasvegasadvisor.com/qod.cfm
It gets to the point from a different direction, but there is regulation/law that says the casino is not allowed to redeem your chip if you can't prove you traded it for your own money.
Quote: dwheatleyHere:
http://www.lasvegasadvisor.com/qod.cfm
It gets to the point from a different direction, but there is regulation/law that says the casino is not allowed to redeem your chip if you can't prove you traded it for your own money.
@dwheatly, Thank you for posting this link for me to read. I was wondering if you have a link as well to this regulation that states that specifically. I have been pouring over the Gaming Control Board's website and have not found anything to help.....
Quote: dacoolerI was wondering if you have a link as well to this regulation that states that specifically. I have been pouring over the Gaming Control Board's website and have not found anything to help.....
The Las Vegas Advisor QoD provides this link to the .pdf document that covers this. That document includes this:
Quote: Reg 12.060.4A licensee shall not redeem its chips or tokens if presented by a person who the licensee knows or reasonably should know is not a patron of its gaming establishment....
There may be other statements that cover your situation better, but I'll leave the detailed reading to you, since I don't care enough to search further.
Quote: DocThe Las Vegas Advisor QoD provides this link to the .pdf document that covers this. That document includes this:
There may be other statements that cover your situation better, but I'll leave the detailed reading to you, since I don't care enough to search further.
@Doc, the problem is I was a patron of their gaming establishment as I was attempting to use it to play, not simply cash it out...
Quote: dacooler@Doc, the problem is I was a patron of their gaming establishment as I was attempting to use it to play, not simply cash it out...
I think the point is whether you acquired the chip as a patron. Even a thief or counterfeiter could come in and try to play with a chip they obtained improperly. The appropriate resolution is to have the person who gave you the chip convert it to cash and give you that. I understand that may not be convenient for you.
Quote: DocI think the point is whether you acquired the chip as a patron. Even a thief or counterfeiter could come in and try to play with a chip they obtained improperly. The appropriate resolution is to have the person who gave you the chip convert it to cash and give you that. I understand that may not be convenient for you.
Thanks Doc, I by no means am disagreeing with you. I simply think that the article and said reg that has been quoted is too vague and leaves way too much room for interpretation. So simply as long as they say I wasn't playing there they can simply not "Redeem" my chip for money?? Little shady. I do understand the whole money laundering thing and by no mean am attempting to do so however, I do not think it's in the spirit of that Regulation to take a chip and for all intense purposes hold it for ransom...
Casinos are not allowed to knowingly receive stolen chips and due to currency reporting regulations they are allowed to require proof of sufficient action for it to be your chip.
Found chips can be claimed by you after the statutory waiting period but a chip that you claim was given to you puts you in a legal quagmire.
Brother Chip is the guy who goes around to various churches "buying" gambling chips at a discount. I'd have used it at a foreign casino since casinos still do settle up with each other when they let players buy in with foreign chips even though its less common than it used to be.
I guess we just have to assume that you are not a very attractive young female in a micro-short skirt and wearing FMPs and that whoever gave you that large chip did so for reasons unrelated to female companionship.
Quote: DocI think the point is whether you acquired the chip as a patron. Even a thief or counterfeiter could come in and try to play with a chip they obtained improperly. The appropriate resolution is to have the person who gave you the chip convert it to cash and give you that. I understand that may not be convenient for you.
I don't think this is the case at all. The regulation says they can't cash a chip of someone who they know is not a patron of the casino. If you play a single quarter through a slot machine you are a patron.
Quote: FleaStiffI guess we just have to assume that you are not a very attractive young female in a micro-short skirt and wearing FMPs and that whoever gave you that large chip did so for reasons unrelated to female companionship.
LOL, watched 21 before?
I would think I could cash in a $5000 chip...simply buy in to a table with $10k, play a while, then go cash out...you'd have a $5000 chip and then you could use YOUR $5000 chip..not too hard.
Quote: dacoolerWell bigfoot66 that's my point exactly. It makes it seem they can make whatever choice they want the Reg is too encompassing. To Vague and seems more like reaching to me...
I think this is the best way to do it, although this strategy may need some tweaking.
You should present the chip. If they ask questions, just tell them that you are a patron of the casino and say nothing further. If they ask you questions just say, "are you refusing to honor your chip?" Its like talking to the cops, you can only get yourself into trouble by giving them information that can be used against you.
Quote: bigfoot66I think this is the best way to do it, although this strategy may need some tweaking.
You should present the chip. If they ask questions, just tell them that you are a patron of the casino and say nothing further. If they ask you questions just say, "are you refusing to honor your chip?" Its like talking to the cops, you can only get yourself into trouble by giving them information that can be used against you.
Trouble is they took the chip (Security, not the Cage) so I have nothing to present. What are my Legal Options to get the chip back??
You're in a bad spot.Quote: dacoolerTrouble is they took the chip (Security, not the Cage) so I have nothing to present. What are my Legal Options to get the chip back??
But when they took it, they gave you a receipt, right? You gave them your name and number, right?
Give them what you consider a reasonable amount of time to contact you. After that time, go to the security booth and ask for the chip or the cash. If they refuse, ask them why.
Quote: dacoolerOk, so here is my real problem. They took it. I want it back or the monetary value of the chip. What are my options??
Because its the casinos property, and the guy
who gave it to you made a mistake by not
cashing it himself, your options are to prove
you bought it (which you can't do) or forget
about it. The casino is within their rights to
seize it and demand proof.
Quote: dacoolerTrouble is they took the chip (Security, not the Cage) so I have nothing to present. What are my Legal Options to get the chip back??
You could try contacting a lawyer, assuming that would cost less than the value of the chip.
On the other hand, you said a player gave it to you. Why not have hm contact the casino on your behalf? If he's a high roller, they wil listen to him.
gave it to you. Its almost like he got stuck with
it and now he's sticking you with it.
Quote: dacoolerTrouble is they took the chip (Security, not the Cage) so I have nothing to present. What are my Legal Options to get the chip back??
Not a lawyer, but I don't think LEGALLY you have any rights in this case. As stated previously, the chip is considered casino property and they have the right to ask for it back. Gaming control would probably back them up too, as you don't have any proof that you put any money into it.
I also agree that you have to question the person who gave the chip to you. Why did he do that, instead of writing a check or giving you the cash directly? It's like tipping a waitress in one casino with a chip from another casino. Yes, it has monetary value, but it's worthless until you go to the place that values it as currency. There are a lot of schemes out there to change values, and people will go to great lengths to get that money. It's a sad state of our world, but it is the world we live in.
I agree.Quote: EvenBobI'd be questioning the motives of the guy who
gave it to you. Its almost like he got stuck with
it and now he's sticking you with it.
It's no secret that casinos won't cash their own chips any more unless they are redeemed shortly after leaving the table. I don't understand why anyone would leave a casino without converting the chips back into currency, and I definitely don't understand why anyone would accept a casino chip as payment for something external.
play awhile, wait for a dealer change, and slip
your big chip on the bottom and color up. The
dealer will give the big chip back, and color up
the rest. This way you have a trail they can track.
If you still had the chip, that is.
Quote: dacoolerWhat are my Legal Options to get the chip back??
I guess I would say:
a) be persistent
b) be polite
c) ask for a follow-up in writing, and put your
request in writing
d) keep a record of all of your correspondence
and contacts
e) contact the gaming authority that has jurisdiction
f) doublecheck with the high roller to make sure
everything is on the up and up
So, where did this happen ? I think you would have
much better luck with a large corporate casinio
group than a small joint.
Quote: dacoolerbut have had many a dealings with Security.
Ya seeing a pattern here??
Well yeah sortof.
Quote: JBand I definitely don't understand why anyone would accept a casino chip as payment for something external.
Perhaps I hit the mark when I suggested the poster was a hooker ... poster admits to several run-ins with security.
Quote: EvenBobI would think its worth a try to buy in for $1000,
play awhile, wait for a dealer change, and slip
your big chip on the bottom and color up.
That won't work either.
Part of the pit boss' job is to watch buy-ins, chip-ups, as well as chips put on or taken off the table.
It's part of the rating system paperwork - and they do it whether you give them a player card or not.
Quote: DJTeddyBearThat won't work either.
Part of the pit boss' job is to watch buy-ins,
Depends on the pit and how busy they are. When
you cash out say a $500 chip, and $200 worth of
greens and blacks, the dealer will often slide the $500
chip back to the player right away because they'll
get it back anyway. It might go undetected by
the pit. If you wait for a time when the pit person
is busy at the other end, you just might get away with it.
These people ain't rocket scientists.
Which casino is refusing to cash the chip?
Quote: FleaStiffPerhaps I hit the mark when I suggested the poster was a hooker ... poster admits to several run-ins with security.
Wrong Flea I am not a hooker. Business Man. But Nice try. I would have ASSumed the same I suppose. As for the Casino name I don't really want to give out names of the Hotel. We will just say its a big one with a fountain. It's right on a Corner Lot.
Quote: dacoolerWrong Flea I am not a hooker. Business Man. But Nice try. I would have ASSumed the same I suppose. As for the Casino name I don't really want to give out names of the Hotel. We will just say its a big one with a fountain. It's right on a Corner Lot.
That rings a bell... They just got hit with a pepper spray/grab, so I think they would be very uptight about unaccounted chips getting cashed.
