ajs510 122 Posted June 11, 2007 Share Posted June 11, 2007 Just wanted to share this article I found today while browing around looking for something else. It's written by Nolan Dalla (who co-authored Stu Ungar's sorta-biography) and contains some shocking insight regarding Las Vegas casinos' current stance on viewing their chips as "cash" and how he ultimately lost out on $5000 real money. I know a lot of folks here are all about "all things Vegas" (including me), and I wouldn't want to see the same thing happen to anyone lucky enough to actually possess a large-denomination casino chip one of these days. I was absolutely floored when I read this. http://www.sportscapperisland.com/forum/poker-room/18518.php Link to post Share on other sites
ajs510 122 Posted June 11, 2007 Author Share Posted June 11, 2007 Here's a follow up column on the incident, I'm sure there's more reporting on this if anyone cares to look. http://www.thebeargrowls.com/?p=56*Edit* Here's a link to the Las Vegas Sun column referenced in the article, more good info. http://www.lasvegassun.com/sunbin/stories/.../566687025.html Link to post Share on other sites
Shadybet 0 Posted June 11, 2007 Share Posted June 11, 2007 is based on aggressive enforcement of the (little-known) rulehttp://www.sportscapperisland.com/forum/poker-room/18518.php If it was aggressively enforced, people would be aware of it if exchanging chips is as common as he makes it seem, wouldn't they?I think he is right to be upset about losing $5k, but he makes it out like America is doomed forever because of it. A bit extreme IMO. Link to post Share on other sites
Pot Odds RAC 23 Posted June 11, 2007 Share Posted June 11, 2007 When I first saw this article, I thought about the High Stakes Poker episode where someone (Todd Brunson?) goes bust and rebuys by giving someone (Daniel?) a handful of Bellagio Cranberry chips - I thought Bellagio (and other) chips were the "Coin of the Realm" Link to post Share on other sites
NoSup4U 0 Posted June 11, 2007 Share Posted June 11, 2007 If it was aggressively enforced, people would be aware of it if exchanging chips is as common as he makes it seem, wouldn't they?I think he is right to be upset about losing $5k, but he makes it out like America is doomed forever because of it. A bit extreme IMO.The practice of paying off debts with chips is very common.Mark Link to post Share on other sites
ajs510 122 Posted June 11, 2007 Author Share Posted June 11, 2007 If it was aggressively enforced, people would be aware of it if exchanging chips is as common as he makes it seem, wouldn't they?I think he is right to be upset about losing $5k, but he makes it out like America is doomed forever because of it. A bit extreme IMO.I agree that the article has a hint of doom and gloom to it, but it's still a valid concern. The other article I posted makes mention of the fact that this isn't even close to an isolated occurance, apparently the MGM is notorious (more incidents than any other casino in Vegas) for confiscating high-value chips unless the player can prove that they bought or won them inside the MGM. Link to post Share on other sites
delphi12 0 Posted June 11, 2007 Share Posted June 11, 2007 It is very clear in every casino I have ever been to that "casino chips can only be used for gaming purposes on the premises and not used for cash." He states in his article that it can be used to buy groceries. IF thats true, it hasnt been since I've been true for quite some time. The minute he said, "i got this chip at another property" essentially for a cash substituion of some sort, he admitted to breaking a nevada gaming rule. It sucks. But its true. Link to post Share on other sites
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