Chips no longer good as cash!

[Stealth]

Beware, this is a nightmare that I am experiencing now with a 5K MGM chip.

http://lasvegassun.com/news/2007/mar...ger-good-cash/

[LoneWoLF]

Does this mean we should also not risk taking the chips home and cashing it out another day? I feel like this is just Vegas' way of trying to make you cash out same day to get your picture etc

[Symbiant]

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.

Does this mean we should also not risk taking the chips home and cashing it out another day?

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.

[Boz]

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.

[Symbiant]

i've never been to a casino who didn't have a policy of at LEAST randomly making a casual inquiry about purples.

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.

[Boz]

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.

[Three]

Does this mean we should also not risk taking the chips home and cashing it out another day? I feel like this is just Vegas' way of trying to make you cash out same day to get your picture etc

If they wanted your picture they had plenty before you ever reach the cage.

[Boz]

If they wanted your picture they had plenty before you ever reach the cage.

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.

[RS]

This is like 9 years old, FYI.

I've never had any problem cashing in chips (except once, at a property that likes to sweat white-chip cashouts....took maybe 10 minutes of fenagilaing and I got paid), even 2-3 yellow chips that didn't belong to me at a property I hadn't played in since forever. Sometimes they ask for ID for age verification, but lots of times they don't even ask for an ID, they just pay it. Of course, a yellow and an orange are very very different in how they are treated.

IMO, you shouldn't be walking away with orange chips....should prefer purple, but yellows if purple is just ridiculous [although, I colored up to like $7k once and boss was like "Give him all purple, he may have a hard time cashing yellows"] If you're playing at a level where orange chips are pretty much required on a color-up.....I think you should already be playing rated and they'd have you in the system (ID, SSN, etc.).

[Stealth]

It's still discretionary across the board.

I was told by gaming that id and verification of play for 5K chips is a gaming regulation! That was the part I didn't know.

I will get back to you on that.

[Tarzan]

I've had a few issues over the years cashing in chips. One case in point would be playing in an Indian casino unrated and then getting a hard time with them wanting me to produce ID, etc. when cashing out $3000 in purple, an amount that most places don't even bat an eyelash at. I refused to give any ID on the premise that I sure as heck didn't have to produce any ID when buying in for any chips, it was the principle of the thing! If you have high denomination chips, you'd better be a rated player where they came from is all.

[LVBear584]

I was told by gaming that id and verification of play for 5K chips is a gaming regulation! That was the part I didn't know.

I will get back to you on that.

I believe you were lied to, or misinformed by an ignorant agent who confused "gaming regulation" with "individual casino policy under Title 31."

[Stealth]

I believe you were lied to, or misinformed by an ignorant agent who confused "gaming regulation" with "individual casino policy under Title 31."

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........