AlanMendelson
AlanMendelson 
Joined: Oct 5, 2011
  • Threads: 130
  • Posts: 4192
May 1st, 2020 at 4:48:18 PM permalink
Quote: onenickelmiracle

75c on the rib eye you mean. It's actually a terrible business idea, because you cannot cash them legally and you don't even know which chips are legit.



Good point about the legality.

But I think that identifying current chips from major casinos doesn't need a forensic accountant.
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
  • Threads: 212
  • Posts: 8277
May 1st, 2020 at 9:27:55 PM permalink
Quote: AlanMendelson

Good point about the legality.

But I think that identifying current chips from major casinos doesn't need a forensic accountant.


I guess, but what if they're not real. It's supposed to be a common scam someone sells fake chips at steep discount on way out of casino. Someone doing this would have to know the customer well, because if you don't, fakes and cons will find you.
I am a robot.
billryan
billryan
Joined: Nov 2, 2009
  • Threads: 207
  • Posts: 12482
May 1st, 2020 at 10:44:07 PM permalink
In twenty plus years,.I've never seen or heard of anyone with fake chips. I'd be much more worried about fake cash than fake chips. Chips are bearer instruments, whoever possesses them can cash them unless the casino has a reason to refuse them.
The difference between fiction and reality is that fiction is supposed to make sense.
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
  • Threads: 212
  • Posts: 8277
May 1st, 2020 at 10:57:38 PM permalink
Quote: billryan

In twenty plus years,.I've never seen or heard of anyone with fake chips. I'd be much more worried about fake cash than fake chips. Chips are bearer instruments, whoever possesses them can cash them unless the casino has a reason to refuse them.

Show me the money.
I am a robot.
billryan
billryan
Joined: Nov 2, 2009
  • Threads: 207
  • Posts: 12482
May 1st, 2020 at 11:07:53 PM permalink
Quote: onenickelmiracle

I'm an idiot. Will you accept 100-1? lol ;)



$100 bet. Any casino reopens, you lose. No casino opens, I'll give you the title to my 2008 BMW 328, or $10,000 cash.
Do we have a bet?
The difference between fiction and reality is that fiction is supposed to make sense.
AlanMendelson
AlanMendelson 
Joined: Oct 5, 2011
  • Threads: 130
  • Posts: 4192
May 1st, 2020 at 11:24:08 PM permalink
Quote: billryan

In twenty plus years,.I've never seen or heard of anyone with fake chips. I'd be much more worried about fake cash than fake chips. Chips are bearer instruments, whoever possesses them can cash them unless the casino has a reason to refuse them.



Yes, there are counterfeit high value chips such as $1,000 and $5,000 and you can Google police cases at the Vegas airport where an incoming tourist is scammed by someone who says they forgot to cash out before leaving the casino.

And yes there are casinos that will verify your play before they cash even $500 chips.
beachbumbabs
Administrator
beachbumbabs
Joined: May 21, 2013
  • Threads: 99
  • Posts: 14232
May 2nd, 2020 at 8:40:38 AM permalink
Quote: billryan

In twenty plus years,.I've never seen or heard of anyone with fake chips. I'd be much more worried about fake cash than fake chips. Chips are bearer instruments, whoever possesses them can cash them unless the casino has a reason to refuse them.



Might not match up 100% with your contention, but there was that guy at the Borgata who was feeding fake 5k chips into a major poker tournament there - 3 years ago or so? They caught him when mgmt got suspicious as the fakes turned up in the bags, and tried to trace the chip passer, and the guy used the toilet in his room to try and flush his counterfeit stash, clogging up the sewer, and maintenance had to come fix the toilet.
If the House lost every hand, they wouldn't deal the game.
Pookky
Pookky 
Joined: May 2, 2020
  • Threads: 3
  • Posts: 26
May 2nd, 2020 at 9:43:41 AM permalink
First off, please donít judge.
New to forum, life long gambler.

I left a Louisiana casino the weekend before they shut all casinos down with several high denomination chips.

I was planning to go back the following weekend and didnít want to send a wire in. Never imagined that the casinos would close.

My biggest fear is the casino will go bankrupt before I can get back to the property and cash out.

I already sent an email to the casino and they said there wasnít any way to cash out now as all cage operations were closed.

My question is, what happens if a casino goes bankrupt in Louisiana before they open up again so I can cash out?

TYIA
sabre
sabre
Joined: Aug 16, 2010
  • Threads: 2
  • Posts: 1172
May 2nd, 2020 at 9:45:00 AM permalink
That's a great question for your gaming commission.
unJon
unJon 
Joined: Jul 1, 2018
  • Threads: 14
  • Posts: 3139
May 2nd, 2020 at 10:22:17 AM permalink
Chip holders would be unsecured creditors in a bankruptcy.
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.

  • Jump to: