really? do you look dodgy or something? id imagine the number of $1k+ cashins at bellagio numbers in the thousands daily.

What makes you so sure that the bellagio would be able to distinguish the stolen chips from the non-stolen chips in Ivey's rack? In order for this to be possible several things have to happen which I'm not convinced would happen.

1. That there really is an electrical device of some sort inside the high denomination chips which could be tracked.

2. The Bellagio knows without a shadow of a doubt the exact chips that were stolen in that particular pit on that particular night.

3.. Each chip would have to be scanned when Ivey cashes out -- I'm not so sure that this would happen especially in the case of a well known pro who has just left a game.

4. In the event of 1-3 the electronic device inside could probably be killed or manipulated in some way to make it unclear if it is just a common malfunction or something else.

5. Regardless of 1-4 I think if a chip does enter circulation and it is played with and paid out by a dealer in the case of blackjack or poker that the casino will honor the chip. If people don't have confidence that there bets will be honored why would anybody every want to play at bellagio ever again? Especially high stakes

I dont understand why he didnt just drive around the back and then take the helemt of and cash the chips straight away.

I mean if your going to be balsy you might as well get them all hanging out.

the higher denoms are gone.

The fact is anyone trying to cash any chips at the bellagio should know that if you dont win them (even if you trade for them or use them for purchases outside of the casino, they are forfeit) see article in the LV paper whatever its called earlier this year where a person stupidly said he didnt win them and they denied him payment.

never tracked it after that but assume he went to court if it was enough.

anyway. IMO the tracking story is the nuts and is clearly correct...its on the net.

also the Bellagio would have to have procautions in place for this sort of thing.

plus their security team would already have taken back the chips afterbeating all motorbike riders to a pulp...or is that just on the TV show....

it has to be true its on TV right.

I seem to recall reading ayear or so ago about a certain well know and highly respected member of the poker community having a Bellagio flag confiscated because he tried to cash it without having won it at the tables. As I recall, he took it as payment for something or other - I don't recall the details, just that it was written up quite a bit at the time. I don't recall if the Bellagio ever did relent and cash it or simply kept it.

Ergo, I'm at all sure that these chips would be easy to cash out.

As for one ending up in the rack of a regular, such as Ivey or whoever, when found - wouldn't it be fairly simple for security to check on who had been playing in Bobby's room that night? And go from there?

Lee

"The scene was something straight out of the film Ocean’s Eleven and instantly made national headlines."

pretty sure ocean's eleven would have been a tad shorter

ur just saying that bcuz he's black and has a lot of money that he'd be likely to have dirty money.

notsureifserious.jpg

Robber should cash $100, $500, $1K dorrar chips slowly and on busy Friday, Saturday nights.


Sell larger chips to the mob at a big discount and let the mob worry about cashing the $5K, $25K dorrar chips.


[?] Profit

I think people ITT have a serious disregard for the blatant arrogance and criminal acts that Casinos commit to their customers on a daily basis.

Maybe in Vegas, they have reputations to worry about and may act civil.... but in Australia, Casinos are massive monopolies and they'll do whatever the **** they want.

"This chip is stolen, it's Casino property, thank you for returning it. GTFO" - Bellagio IMO.

It's $1.5m and the Casinos are massive tight-asses on even $5 going missing.

My bet is that they buy/build an automatic chip scanner and scan every single chip that is cashed in for the next 12-24months. Then every time they get a stolen chip, they take down the name/number/address of the person as well as their story about how they got the chip.

Then if they ever catch the thief, figure out where all the money trails came from / went to and figure out how to some-what justify paying off the fewest amount of honest people with stolen chips that they can.

Casino's ain't gonna give nobody a charity.

lol pretty bad but i think he is trying

why wouldent he take cash instead,hes has to of known it would be hard to cash in all those chips

It's usually easier to simply pay for Sportsbook wagers with chips that you don't want to cash any other way.

The robber shoulda just became a nun first, then easy $$$

level?

Don't ever bad mouth Mike Cannon again bitch

I interpreted it as: how would Bellagio respond if a highly respected high stakes player cashed in 25k chips that weren't easily traceable to table games. ie: race not an issue, Ivey being a good example for his reputable standing in the area. Guess you see what you want to see.

First of all, I'd bet a dollar to a donut that they have greatly exaggerated the amount stolen. Read that INSURANCE! I agree that any and all chips are totally legit now, just like every other chip in play. If I were a high stakes gambler at any game, I would hesitate to play at the Bellagio right now. I'm sure meetings have been held and directives made about cashing high dollar chips. And I damn sure wouldn't buy any high denomination Bellagio chips for a discount, no matter how deep.

I'm certain that ALL casino personnel are now very careful about cashing any and all high denomination chips at this time. You better be able to prove that you were gambling there and won those chips fair and square. I'm betting that right now if you walk to the cage with high denomination chips it's not a simple task to cash them in. You will be questioned! Unless you are a known player at Bellagio.

P.S. I got a little lucky a few years back and made a 40K plus score at a major strip casino. I took about $10,000 in 1K chips to cash them in the next day, and it took me over 20 minutes to get my money. They must have made a half dozen calls to the pit and had four or five different people come to the window. It wasn't at the Bellagio, but it was a major hotel/casino. I was pissed when they stalled me like that, and haven't played there since. Starts with a C! They know who they are.

Looks like Viffer will finally be able to pay off his pool playing losses

yeah

Easy retirement plan. Put them in a safety deposit box for 10-15 years and botta bing, good as gold.

this

although the PN author brings up an interesting point about the charity....theres no way the Bellagio would refuse to cash a suspect chip brought in by a charity/church(reasonable doubt). Once those start getting cashed, others could start cashing them little by little, the robber, those he paid etc.

Maybe im crazy, but I think it would work if ur patient enough, kept ur mouth shut, and didnt frequent the same places too often to dump the chips.

My Phil Ivey hypothetical had nothing to do with race (which I think was an attempted jopke) and nothing to do with tracking down the person who brought it into play.

It was more for those of you who say that they would never cash in a stolen 25k from anyone if they knew it was one of the stolen chips.

Why would they think it was stolen? Let's add in an absurd hypothetical note saying the thief bumped into a patron eating a meatball sub playing min-bet craps and a meatball fell onto the 25k chips during his escape. Phil Ivey comes in to play today, and at the end of the day (or 48 hours from now when he quits) one of his racks has one cranberry with dried marinara sauce all over it. The question is do you think Bellagio would honor the chip knowing it was one of the stolen chips but not having any reason to believe he had anything to do with the theft?

Obviously if some bum like me walked in with a stolen 25k they'd take me to the back room, interrogate me, call the cops, and after determining I wasn't the thief they'd give me the middle finger and throw me out into the street penniless with my meatball sub.

Haven't really followed the story although I'm fascinated by it. Did Bellagio release the exact number of each denomination that was taken. Even if they were all $25k chips that's 60 physical chips, and he wasn't carrying a bag or anything.

You may full all the people some of the time, you can even full some of the people all of the time, but you cannot full all of the people all the time.