Beware, this is a nightmare that I am experiencing now with a 5K MGM chip.
http://lasvegassun.com/news/2007/mar...ger-good-cash/
Beware, this is a nightmare that I am experiencing now with a 5K MGM chip.
http://lasvegassun.com/news/2007/mar...ger-good-cash/
Luck is nothing more than probability taken personally!
5k and bigger chips are tracked everywhere and might as well be kryptonite for an AP. I've never been able to get one in play without them validating my prior play and sourcing the chip.
The one way you might pull it off is to know a whale and have them "launder" it through their much bigger pile of chips.
I always try to take purple off the table, except when the win is so large that it would be silly. Even then, I insist on yellows.
You can cash out anonymously on another day, if you keep it to <= 2k in purple or smaller, or sometimes 2.5k or 3.0k in yellow or smaller at some joints. You can cash out another day much more if you have rated play. If the joint has your legit TIN and you're rated, you can walk with big chips and cash them whenever you want. This is accurate for LV strip casinos as of right now.
I've always heard, repeatedly, stay away from the cage, that's where they get the mug shot. Cash out later. But I've always ignored this shaky advice and assumed the truth of your statement, just for the sake of convenience. It may be theoretically true, but I never thought that advice had any practical merit. My OSN pic isn't from the cage; I went directly to the cage that day.
Last edited by Boz; 05-24-2016 at 04:55 AM.
i've never been to a casino who didn't have a policy of at LEAST randomly making a casual inquiry about purples. The hole-in-walls will call the pit to verify payment of less than my buy-in containing no purples, in some cases. Anyone shocked they wouldn't auto-cash a 5K chip is either lying about being shocked or is not an AP (I refer to the man in the article, not the OP). If they can't verify play and they pay your 5k chip, it's basically an auto-trigger for a SAR. It's not even the casino's fault in most instances; they're following guidelines. No one should be hording 5k chips without a recent, documented play history.
As for Stealth's unfortunate predicament, I think it will all work out in the end. He'll just have to wait a month or so, and follow the appropriate grievance procedure. Don't see another option if he can't pinpoint his play in the casino. If you killed a patron inside the casino and stole the chip off his person...well, you probably should just destroy the chip at this point.
Last edited by Boz; 05-24-2016 at 12:40 AM.
Good point, although I don't think it is very "random" based on my data.
At many of the higher end joints, as I wrote above, 2k or less is very unlikely to trigger an inquiry in my experience. (Roughly 100 cashouts at this level in 2016 with zero inquiries.) However, the cashiers are empowered to verify they are transacting with a patron if they feel like it, and so it could happen at any time. Presumably if you look like a poser or a thug, or if it's a break-in cashier, or the supervisor is hovering over their shoulder, or it's dead quiet on day shift... your chances go up. IME the AP act cannot stop after leaving the blackjack table if you need to move large chips back into USD.
All of the above, 2k or less at bigger joints. All bets are off at higher amounts, mid-tier and lower joints, or if you look like you're 17.
You're right, it's more profiling than random. It's still discretionary across the board. There's probably no casino that won't 'randomly' inquire into purple. Plenty of casinos won't ever inquire about blacks, even though cashing those blacks may subject you to an age inquiry.
Opinions and Commentary on the Gaming Industry: The Bear Growls
For clarity purposes, this is a chip I cashed for a friend who was playing unrated. (No good deed goes unpunished!!) The casino tried to relate the chip to a player and could not. I provided proper ID but they could not tie that to the play.
When I called the number I have for gaming, I was transferred to a man in "Enforcement" and he quoted a Commission Regulation number (which I do not recall) and said it had been in effect for at least 10 years.
Since I am already involved with gaming, I will call gaming again to clarify for both this event and for future knowledge.
Then I must decide how to proceed with the chip.
The saga continues........
Luck is nothing more than probability taken personally!
If you have a 5K chip take it to a crap table and they will automatically break it down for you.
Play for awhile betting the "donts" and laying full odds. Do not color out. Caveat:
at the $5,000 (cash) level you can trigger a STR (suspicious transaction report), so cash out
your chips on three occasions; as most casinos in L.V. demand I.D. at $2,000
I believe this is a SAR (suspicious activity report) and has a threshold of $5K (can be triggered for less in judgement of casino). In single instances these are generally not meaningful but don't get a lot of them over a short period of time or you may get to talk to Treasury about structuring.
Luck is nothing more than probability taken personally!
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