Ibeatyouraces
Ibeatyouraces
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December 15th, 2010 at 8:33:16 AM permalink
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DUHHIIIIIIIII HEARD THAT!
MathExtremist
MathExtremist
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December 15th, 2010 at 8:41:35 AM permalink
Quote: WizardofEngland

I actually think they handled it very well, no shots were fired, no-one got hurt, and the guy probably has less than $100 worth of plastic composite chips that he probably can't cash, and even if he did, they will claim on the insurance. Last thing I want them to do is try and detain an armed robber within the confines of the property.

If we assume he doesnt actually cash the large denominations, they might even make a profit from the insurance. Plus a load of publicity.



Not for nothing, but the high-security UV/RFID chips are not cheap. They're in the $3 range/chip.
"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
WizardofEngland
WizardofEngland
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December 15th, 2010 at 8:55:21 AM permalink
Quote: MathExtremist

Not for nothing, but the high-security UV/RFID chips are not cheap. They're in the $3 range/chip.



Even still, not a massive loss
http://wizardofvegas.com/forum/off-topic/general/10042-woes-black-sheep-game-ii/#post151727
Ibeatyouraces
Ibeatyouraces
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December 15th, 2010 at 8:57:03 AM permalink
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DUHHIIIIIIIII HEARD THAT!
Wizard
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Wizard
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December 15th, 2010 at 10:05:51 AM permalink
Quote: WizardofEngland

I actually think they handled it very well, no shots were fired, no-one got hurt, and the guy probably has less than $100 worth of plastic composite chips that he probably can't cash, and even if he did, they will claim on the insurance. Last thing I want them to do is try and detain an armed robber within the confines of the property.



I would agree that letting the robber go was preferable to getting into a gunfight in the casino. However, I disagree on the value of the chips. I would roughly estimate that about $25,000 get successfully presented.
It's not whether you win or lose; it's whether or not you had a good bet.
DJTeddyBear
DJTeddyBear
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December 15th, 2010 at 10:09:34 AM permalink
Quote: Wizard

I would agree that letting the robber go was preferable to getting into a gunfight in the casino. However, I disagree on the value of the chips. I would roughly estimate that about $25,000 get successfully presented.

$25K, plus a couple grand in the cost of manufaturing those chips - compared to the cost of the negative publicity that would have generated if a patron got hit with a stray bullet.

Yeah, if I was security, I would have been holding the door open for him...
I invented a few casino games. Info: http://www.DaveMillerGaming.com/ 覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧 Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
WizardofEngland
WizardofEngland
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December 15th, 2010 at 10:14:04 AM permalink
Quote: Wizard

I would agree that letting the robber go was preferable to getting into a gunfight in the casino. However, I disagree on the value of the chips. I would roughly estimate that about $25,000 get successfully presented.



Even 25k is just a fraction of what they took, I assume the insurance would pay out at least half? Even 10% payout would be good for the casino.
http://wizardofvegas.com/forum/off-topic/general/10042-woes-black-sheep-game-ii/#post151727
Wizard
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December 15th, 2010 at 10:17:40 AM permalink
Quote: WizardofEngland

Even 25k is just a fraction of what they took, I assume the insurance would pay out at least half? Even 10% payout would be good for the casino.



I doubt the insurance company would pay half unless the policy specifically addressed such a percentage they were required to pay in this kind of robbery. Independent experts might have to be consulted to arrive at a fair award.
It's not whether you win or lose; it's whether or not you had a good bet.
Asswhoopermcdaddy
Asswhoopermcdaddy
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December 15th, 2010 at 10:25:26 AM permalink
Quote: Wizard

I'm pretty sure they RFID at least $100 and up. I don't know where I get this from, but I think big casinos keep a whole second set of chips in the vault. If so, they probably rotated them into play as fast as possible, and got the old ones out of there. There will still be old ones floating around. They will be in a delicate position when questioning people who have them. If they refuse them they will risk losing legitimate players who had the chips legitimately.



Wizard, with the RFID tag, wouldn't they be able to scan the chip, and know that it was part of the stolen batch? Then wouldn't they be able to say, sir you are in possession of stolen chips and refuse to cash them. Plus bring in the police and NGC to review the matter. It is illegal not to return stolen property, which would lead to the question, how did you obtain the merchandise. Just like the police can confiscate stolen merchandise from a pawn shop, wouldn't it be the same logic for stolen chips?

This assumes that you can actually identify the chips on an individual level.
Asswhoopermcdaddy
Asswhoopermcdaddy
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December 15th, 2010 at 10:28:42 AM permalink
Quote: Mosca

How about bets on how long until the perp is caught?

1) Before the weekend
2) Before Christmas
3) Before the end of the year
4) By spring
5) After that, but still caught
6) Never

My guess is before Christmas.

Edit: Hey, it's my anniversary as a member.



There's a 7th option here. Caught but never publicly disseminated. This person is going to be swimming with the fishes.

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