Wizard
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Wizard 
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January 10th, 2011 at 11:06:01 AM permalink
Quote: Ayecarumba

Hehe, one down, only 1.6M more transactions to go...



They might start with small transactions to feel the waters, and keep getting higher until the heat becomes too much. Who knows, maybe I'm in on it.
It's not whether you win or lose; it's whether or not you had a good bet.
Ibeatyouraces
Ibeatyouraces
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January 10th, 2011 at 11:08:25 AM permalink
deleted
DUHHIIIIIIIII HEARD THAT!
Ayecarumba
Ayecarumba
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January 10th, 2011 at 11:22:22 AM permalink
Quote: Wizard

They might start with small transactions to feel the waters, and keep getting higher until the heat becomes too much. Who knows, maybe I'm in on it.



I recall that there is a line in the gaming regulations, requiring casinos to honor chips presented by other casinos. Also, I thought the casinos were required to post a notice giving 120 days to redeem old style chips. Perhaps you should try to change a couple at the Venetian or the Wynn, just to see what they do.

I'm looking forward to hearing how this goes, and if the cage at Bellagio is willing to share any info on the volume of old chips coming back in.
Simplicity is the ultimate sophistication - Leonardo da Vinci
Wizard
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Wizard 
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January 10th, 2011 at 11:38:33 AM permalink
Quote: Ayecarumba

I recall that there is a line in the gaming regulations, requiring casinos to honor chips presented by other casinos.



I don't think so. It is optional. If they choose to accept them there are certain protocols about redeeming them at the correct casino. I've had casinos refuse to honor other casinos chips a few times.

Quote: Ayecarumba

Also, I thought the casinos were required to post a notice giving 120 days to redeem old style chips.



Yes, there is some legal notice required; I don't know how long. However, casinos can refuse to honor legitimate chips if they deem them coming from somebody who isn't a customer. As I wrote about in my last Ask the Wizard column, they can even seize such suspicious chips.
It's not whether you win or lose; it's whether or not you had a good bet.
MathExtremist
MathExtremist
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January 10th, 2011 at 11:41:10 AM permalink
Quote: Wizard

Oh, for crying out loud, look at what I just found in my drawer.



I have some Bellagio chips from when they opened, and they do not look like that. They look like this:



(These are web images: I don't keep souvenir green chips...)

Also, it's a shame that Reg 12 requires the destruction of discontinued chips, though I understand why they do it. I'd pay a few bucks to have a souvenir of one of these:
"In my own case, when it seemed to me after a long illness that death was close at hand, I found no little solace in playing constantly at dice." -- Girolamo Cardano, 1563
Wizard
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Wizard 
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January 10th, 2011 at 1:14:37 PM permalink
Quote: MathExtremist

I have some Bellagio chips from when they opened, and they do not look like that.



They must have changed the style at some point since opening. Perhaps when they went to RFID chips.
It's not whether you win or lose; it's whether or not you had a good bet.
Doc
Doc
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January 10th, 2011 at 1:20:50 PM permalink
Quote: MathExtremist

I have some Bellagio chips from when they opened, and they do not look like that. ...

The only Bellagio chip that I have is the one in my collection of $1 chips. It is the same design as the $5 and $25 chips that MathExtremist displayed, except with a blue rim and the lower denomination. I picked it up in 2003.

Is there some kind of public record of what chip styles are in use and when a casino converts to a different style?
RaleighCraps
RaleighCraps
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January 10th, 2011 at 1:36:51 PM permalink
I thought I read that the minimum denomination the bandit took was blacks.
Always borrow money from a pessimist; They don't expect to get paid back ! Be yourself and speak your thoughts. Those who matter won't mind, and those that mind, don't matter!
EvenBob
EvenBob
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January 10th, 2011 at 1:37:17 PM permalink
Quote: Wizard

They must have changed the style at some point since opening. Perhaps when they went to RFID chips.



Take your new trophy with you, they can't refuse you then.
"It's not enough to succeed, your friends must fail." Gore Vidal
ElectricDreams
ElectricDreams
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January 10th, 2011 at 1:37:41 PM permalink
Quote: Wizard

I don't think so. It is optional. If they choose to accept them there are certain protocols about redeeming them at the correct casino. I've had casinos refuse to honor other casinos chips a few times.



As an interesting side note, casinos in Missouri are expressly forbidden from accepting any chips other then their own, according to 11 C.S.R. 45-5.130 (6). I only know that because there's always signs around the cages announcing this fact.

Sorry, you all can return to the main topic now :-P

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