- A chip worth $150 can easily go for $650, he said, at the convention. As in other collectible fields, the rarer an item, the higher the price. Sands chips from the 1950s are among the most.
- ATLANTIC CITY, N.J. (AP) The father of developer Donald Trump bought more than $3 million in chips from one of his son's casinos to help him make a bond payment, officials said Monday. The story, first reported in Monday's editions of The Wall Street Journal, details how Fred Trump gave more than $3 million to an attorney to buy the casino chips on Dec. 17 at Trump Castle Casino Resort By.
- A chip from Al Capone’s Moonlight Club in Chicago is priced at $20, a keychain from the Edgewater Hotel-Casino in Laughlin, Nev., costs $1.50, an unwrapped bar of soap from the Flamingo in Las.
Types of individual casino chips to collect. There are many ways to build an individual casino chip collection, depending on what interests you. If you're purely looking for collector's value, then you can look at buying old and discontinued casino chips, high-value casino chips, and casino chips from now-defunct or rebranded casinos.
Security staff at two B.C. casinos intercepted four attempted transfers of gaming chips worth $1.6 million during a period of suspected money laundering at gambling establishments in the province, CBC News has learned.
Documents obtained from a Freedom of Information request revealed that casino staff watched as about $800,000 worth of chips changed hands in two incidents at the River Rock Casino in Richmond, B.C., in May 2010.
Another two incidents, also involving a total of about $800,000, were caught while underway at the Gateway Casino in Burnaby, B.C., in August, the documents show.
Passing any amount of chips from one person to another is strictly prohibited and casinos post signs to that effect.
Casino security personnel noted the incidents and the casinos reported the activity to the B.C. Lottery Corporation, but police were not informed, according to the documents.
The attempted transfers occurred during a three-month period in which a combined $8 million worth of other suspicious or unusually large transactions took place at River Rock and at the Starlight Casino in New Westminster, B.C., the documents reveal.
An RCMP investigator told CBC News that authorities suspect the intense activity was part of a money-laundering initiative by gangsters.
Form of currency
The chip transfer incidents lend credence to police concerns that chips are becoming a form of currency for people involved in organized crime.
Are Casino Chips Worth Money
Depositing large amounts of cash will attract the attention of bank employees, who are quick to inform police.
Are Casino Chips Worth Money 2019
Chips can be an ideal currency for people who generate high cash flows illegally, according to Douglas College criminology professor Colin Campbell.
'The fact that [chips] are acquired in a casino and can be redeemed in a casino allows bad guys to money-launder,' said Campbell.
Gaming chips are issued in denominations up to $5,000 and it is not illegal to take them out of casinos and is difficult for authorities to control how the chips are traded before they are taken back and cashed in.
'It's not improbable for organized crime to have a number of associates simply purchase chips … then cash them in at a later time,' said RCMP Insp. Barry Baxter.
Minister responds
The B.C. minister responsible for gaming, Rich Coleman, said Wednesday that he is concerned about the information revealed in the documents, but urged people not to make assumptions.
'I have requested additional information about the cases in question, to ensure that proper procedures were followed and that the integrity of casino security is upheld in the province,' Coleman said in a release. 'My understanding is these are not all alleged cases of money laundering and I encourage people to avoid jumping to conclusion.'
B.C. NDP gaming critic Shane Simpson said the activity revealed in the documents is unacceptable.
'I think it's a stunning revelation, some $8 million of unexplained transactions in a period of three months,' he said.
'It's just unacceptable for anybody to suggest you can walk into a casino with $500,000 in $20 bills and cash them in in some way and there's nothing suspicious about it. Try doing that at your local bank and see what happens.'
Last updated: February 26, 2020 at 10:21 am. Posted by Las Vegas Blog Staff in Caesars Palace, Gaming, Las Vegas Casinos, Paris Las Vegas, Planet Hollywood Resort. Comments Off on $100,000: The Highest Value Casino Chip.
Are Old Casino Chips Worth Money
The things we do to bring you the finest in useless Las Vegas insidery (not a real word).
This time, we made some calls, squeezed our insider casino contacts, washed a few backs and got an exclusive photo of the largest casino gaming chip we could find: A $100,000 chip at Paris Las Vegas.
Behold the largest denomination gaming chip you’re ever likely to see.
This chip rarely sees the light of day, and usually only comes out for players with a million dollar credit limit or more. It was our distinct pleasure to fondle it for a full three seconds before we were tackled by a Paris Las Vegas security guard. (We probably shouldn’t have shared that we did slight-of-hand magic in a former life.)
As we got a closer look at this majestic $100,000 chip, we noticed a little speck on it, and were ready to Photoshop it away, but then realized it wasn’t a speck after all. It’s a computer chip, adhered to the baccarat chip for top secret security reasons. See it? Here’s a close-up.
Bonus factoid: From what we hear, next door to Paris at Planet Hollywood, all the chips have these security devices, called radio-frequency identification tags (or “RFID tags”). RFID tags, used for years to track livestock, are useful in detecting fake chips.
The $100,000 chip is usually reserved for baccarat or mini-baccarat in a high limit salon.
We love asking dopey questions of casino executives! During our quest for for the biggest chip, we also asked what the maximum bet would be at blackjack at, say, Caesars Palace. The answer: A guest could bet $25,000 a hand, three hands at a time. So, that’s a maximum of $75,000 a pop. (A guest can also bet $50,000 on one hand. That’s said to be the highest, one blackjack hand bet accepted in Las Vegas.) The mind reels.
For what it’s worth, the maximum bet at Planet Hollywood’s baccarat tables is a whopping $200,000.
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