Ayecarumba
Ayecarumba
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February 4th, 2015 at 4:31:06 PM permalink
Is any casino offering $8 Chips for Chinese New Year?
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Beardgoat
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February 4th, 2015 at 4:49:43 PM permalink
I'm sure I'm wrong, because my memory is terrible lately, but I think Wiz said many places stopped producing them because the gaming commission said that new chips that are produced need to actually be used in a game. Many casinos don't want to deal with $8 chips

Edit: here is the link http://wizardofvegas.com/forum/off-topic/general/8928-casino-chip-of-the-day/403/
GWAE
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February 4th, 2015 at 5:17:23 PM permalink
I don't know the answer but someone at chipboards.Com would
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Wizard
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February 4th, 2015 at 5:30:47 PM permalink
It is now illegal to issue $8 chips in Nevada. So nobody issued a normal $8 chip last year and I expect none this year.

If it is of any consolation, the Wynn made a $1 Chinese new year chip last year and the Venetian made $8 promotional Chinese new year chips, which are not available for sale.
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Deucekies
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February 4th, 2015 at 5:53:35 PM permalink
Quote: Wizard

It is now illegal to issue $8 chips in Nevada. So nobody issued a normal $8 chip last year and I expect none this year.

If it is of any consolation, the Wynn made a $1 Chinese new year chip last year and the Venetian made $8 promotional Chinese new year chips, which are not available for sale.


That's really too bad. I'm surprised they banned them outright instead of just insisting they be used in a game. I'm sure the poker rooms wouldn't mind having $8 chips "on offer" for their $40/80 games, whether players choose to use them or not.
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Ayecarumba
Ayecarumba
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February 4th, 2015 at 6:12:03 PM permalink
Quote: Wizard

... the Venetian made $8 promotional Chinese new year chips, which are not available for sale.



How does that work? Were they non-cashable "gifts"?

Thanks for the other responses. I wonder if the properties in Macau are doing something?
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Wizard
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February 4th, 2015 at 7:05:00 PM permalink
Quote: Ayecarumba

How does that work? Were they non-cashable "gifts"?



They are "use until you lose" chips. In other words, you bet the chip and if it wins you're paid in real chips, and still keep the promo chip. Casinos often give them to VIP players to entice them to come in and tournament wins are often given in such promo chips because they evade taxation requirements.
It's not whether you win or lose; it's whether or not you had a good bet.
AxelWolf
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February 4th, 2015 at 7:30:51 PM permalink
Well that's interesting I didn't know they made that law. I assume this will make odd chip denominations more valuable. Anyone know if thats the case?
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