"Chips absolutely aren't legal tender. They're the property of the casino," MGM Mirage spokesman Alan Feldman said. "They are tendered for a very specific purpose and that purpose is highly regulated. A former employee of The Star casino said a gambling addiction "made [him] do bad things" when he decided to participate in a scheme to steal more than $90,000 worth of gaming chips last year. However, we’re sure of one thing: casino chips aren’t legal tender. Casino chips are a scrip, a bond that only has value when a person is willing to take it as a form of payment. If you’re holding a chip, you know that a casino owes you money, and it’s a widespread practice for many people to use or accept chips as a form of payment. Photo about Casino chips and gavel in gambling legal concept. Image of gamble, legal, justice - 53180053 Because casino chips are not legal tender, they are not legally transferable. That doesn’t mean some people don’t try to exchange them for cash or chips at rival casinos. Although the practice was once popular in Las Vegas, the government stepped in to prevent money laundering and counterfeiting. The truth is that it’s at least as hard to create counterfeit casino chips as it is to create counterfeit money, and maybe even harder. To begin with, the manufacture of genuine casino chips (known in the trade as “checks”) is more complicated than one might think – as you suspect, they’re not just discs of colored plastic. Download & Play Now Play Now Windows Install Android APK Mac OS Install Download & Play Now PLAY ON ANY DEVICE ANDROID APK Our Features & Promotions Get the best deals on Collectible Casino Chip Sets when you shop the largest online selection at eBay.com. Free shipping on many items NV. Legal Brothel Cathouse Chip. $2.99. $4.30 shipping. 1000 Desert Palace $1 Las Vegas Poker Chips 11.5 gram * $70.00. Free shipping. Set of 100 Diamond Jo $1 Casino Chips Dubuque Iowa Die Swirl Mold Breakdown: Casino Chips. Casino chips are your money when playing table games within the walls of a casino. They’re the currency of the casino and only that casino, but representations of real dollar value that can be exchanged when you head out the door into the real world.. They come in a range of denominations, but not all casinos are the same, so it’s always good to get familiar with This does lead to an interesting question. I wonder how much it does cost to produce a chip (especially those with electronic chips inside). Is it possible that a $1 chip is actually worth more than $1 to the casino? You know, like if a penny were truly made out of 100% copper, it would be worth a whole lot more than 1 cent. hummmmmmmmmm
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