Dumb question

Ive been developing an "idea" over the time i have been here and am very convinced that if i dont start to implement my idea soon, that someone will eventually catch on and capitalize on it. This isnt a very "revolutionary" idea, but its so basic that anyone can do it. How it has not been started I have no clue, or i simply havent found the people who have actually done it previously.

ANYWAYS. My dumb question is this :

Can I accept casino chips as payment for services I will be providing? I know that I can normally just accept chips in general - lets say from a friend who is playing and decides they want me to play a game and they can give me the chips. But have you ever heard of anyone running a business within a casino and accepting casino chips as payment?

Casino chips are casino property. The waitress accepts chips for tips. If your business is outside the casino, it would be barter, and the casino cashier would still want to know what table that purple chip came from and when.

Quote: ChumpChange

Casino chips are casino property. The waitress accepts chips for tips. If your business is outside the casino, it would be barter, and the casino cashier would still want to know what table that purple chip came from and when.
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I swear someone took over your account im genuinely worried as to how normal this response is lmao

Quote: heatmap

Quote: ChumpChange

Casino chips are casino property. The waitress accepts chips for tips. If your business is outside the casino, it would be barter, and the casino cashier would still want to know what table that purple chip came from and when.
link to original post

I swear someone took over your account im genuinely worried as to how normal this response is lmao
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Large denim chips you will be questioned about the chips. There is a famous story on the net about someone being paid a $5000 chip and having it's redemption refused.

So overall I think it's a bad idea. I don't understand what the purpose of it is either?

Quote: ChumpChange

Casino chips are casino property. The waitress accepts chips for tips. If your business is outside the casino, it would be barter, and the casino cashier would still want to know what table that purple chip came from and when.
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I too am concerned by this surprisingly sensible post.

That said, my understanding is that the casino may not be required to redeem cheques for non-players.

For those Wondering this matter was apparently settled just recently by going to state supreme court.

Casino refused to cash out $5000 chips.

Gaming Board upheld that.

All the courts upheld that

Until the supreme court said (in 2020), sorry but regulations say chips must be honored and reversed everything below them.

I suspect the legal fees cost more than the chips. But anyone dealing in high denoms can probably afford it anyway and wanted to make a statement.

https://law.justia.com/cases/nevada/supreme-court/2020/78916.html

Quote: ChumpChange

Casino chips are casino property. The waitress accepts chips for tips. If your business is outside the casino, it would be barter, and the casino cashier would still want to know what table that purple chip came from and when.
link to original post

I bet ladies of the evening will accept chips in exchange for services

Didn’t Donald Trump try to do cash in chips at one of his casino property to pay a loan or something. I’ve taken payments and have used chips for tips. But I know the chips were good and they we’re in green, no high chip denominations. Even if you are at the casino you cannot pay your bill in chips.

In the 1960s, churches in the Vegas Valley were getting so many donations in chips that a special order of Monks was established, just to deal with them.

Quote: Vegasrider

Didn’t Donald Trump try to do cash in chips at one of his casino property to pay a loan or something. I’ve taken payments and have used chips for tips. But I know the chips were good and they we’re in green, no high chip denominations. Even if you are at the casino you cannot pay your bill in chips.
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His father supposedly bought chips without intending to use them, allegedly creating an illegal loan somehow. I think it was more of a violation of the gambling regulations than an actual crime.
I've always thought a kiosk at the airport to buy forgotten chips from travelers would do well.