Quote:
Originally Posted by callipygian
1. One thing that nobody has pointed out is that uncashed chips may show up as liabilities on a balance sheet. That is, if you have 10,000 $1 chips "out there" it's as bad as owing someone $10,000.
For big corporations, this may not be a huge problem. For a small casino, it could be.
Very interesting. From the casino's point of view, they aren't selling souvenir chips, they are selling chips to play with. If the casino has $10,000 extra because they have given out 10,000 single white chips, they can't invest the extra $10,000 in advertising or something. Because then what happens when the chips show up at the cage, and asks for them to be cashed out?
(I'm sure at some point, the casino should be able to write off some percent of this and recognize a gain, but certainly not immediately).
Almost similar to FTP using player deposits to pay for stuff, and then not being able to pay players back when they try to cash out