I read a book one time called Fulling Some of the People All of the Time. It was fool of interesting facts.

http://www.amazon.com/Fulling-Some-People-All-Time/dp/0470073942

i cashed a $1000 Flamingo chip at OShea's once and had no issue.

And it was written by David Einhorn, who finished 18th in the WSOP main event and donated his entire winnings of $659,730 to The Michael J. Fox Foundation.

I know that Harrahs keep track of all the 5k+ chips, so the Bellagio probably do too. If that is the case, they may not honour these or other rouge 5k+ chips.

really doubt this. wouldnt a casino have insurance in place for instances such as this.

Statute of limitations for robbery in Nevada is 4 years.


I guess the robber can hide the $5K and $25K dorrar chips somewhere for that amount of time.

Sounds like a genuinely nice guy. These kind of people make great ambassadors for poker. I guess by his nature he is not one for the spotlight, great shame

einhorn is finkle, finkle is einhorn

The guy from Vegas known as RobinHood702 who gives his casino winnings to families in debt has put up a reward for anyone that can come forward with information leading to the arrest of the robber. I'm really hoping that this guy gets caught soon because if not, we are going to see this sort of thing happening more and more. Especially in these times where everyone is struggling to make ends meet.

So the Robinhood guy is giving $50,000 as a reward. I put up the whole story at the link below if you want to read more about it.

http://www.casinofan.com/blog/robin-...rehension.html

I was just wondering if the Bellagio could just invalidate all the $25,000 chips currently in use and change the chip design. Of course they would have to allow enough time for those who store those chips to exchange them. Then, after that period is up, the stolen chips are worthless. Doable?

wat

Pretty much this. I tried to swap 3 1K's during WSOP time and nearly got arrested. I was really surprised as how stringent they were. She basically told me I needed to leave quickly, or else my chips would be taken from me. The lady who wouldn't cash them for me said it was largely because they didn't want someone to take out a large marker(loan) and then give it to his friend to cashout. Makes sense I guess.

I'm pretty sure this guy can eventually get his money cashed in, but any plan I can think of involves lots of waiting and probably paying a vig eventually.

As someone else said, 1K's would be much easier than 25K's.

lol at trusting the mob.

After a few transactions they'll just kidnap you, or family member and demand all your 25k chips for free.
And then probably kill you anyway.

Wow you seem to know a lot about the "mob". You should do an Ask Me thread in OOT.

WRONG.

A casino can cancel a make or model of chips at any time deeming them worthless. Here's how they do it. Let's say the Bellagio, Wynn, Encore etc want to get rid of their old model $100 chips. They put a legal ad in the back of the Las Vegas Review Journal for a certain amount of weeks and give a certain amount of time for all the outstanding chips to be brought to the cage for redemption. Once the specified date and time passes the chip is worthless.

Just found this! Here's the notice cancelling the Bellagio 25k chips in todays paper.

http://www.legalnotice.org/pl/review...howNotice.aspx

PUBLIC NOTICE Redemption of Bellagio Chips Effective December 22, 2010 Pursuant to Regulation 12.070(2)(c) of the Nevada State Gaming Control Board, effective December 22, 2010, the Bellagio Casino Hotel is discontinuing the standard $25,000 denomination gaming chip which is red with gray inlay and V shaped rose insert. These chips may be redeemed 24 hours a day at the Bellagio Main Casino Cage through April 22, 2011. PUB: Dec. 21, 24, 28, 31, 2010 LV Review-Journal

Hey B robber, congratulations, after April 22nd you have some really nice home game chips.

I'd like to have them for my home game. That'd be pretty cool!

so what have we learned from all this? Just take all the 1k chips and 500. Be easy to get away with about 200k on a craps table, maybe more.

Ahhhh, not so much.

IMO this strongly suggests that there are no super-secret security measures in place, and that bellagio is scared chitless. Seems their only recourse is to terminate that particular chip.


And lets get realistic regarding ease of cashing in.

Once the robber has 25-50k or so available, he can easily buy into a high stakes table/poker game with that cash and slip the 5k's into his stack (which already has 5k's in it) and obv change them from there. After that, do the same thing with the 25k chips! At this point, you'll be recognized as a high stakes player from past pl,ay, so if you get caught you can simply play dumb.

Am i missing something or is this super logical?

I bet all of those chips are cashed in by then

pretty smart of the casino imo

you're prob the robber. Nice hedge, sir!

You'd be wrong. The last set the introduced incorporated rfid into 500s and up at the very least. How well the implemented the internal control of this I don't know. B and G bought out paulson a while ago and they were the leaders in rfid technology. They introduced this into the paulson line as well. In the past you could tell which BG chips were rfid as they were bigger, but now it has been refined to smaller size as well.

I would assume the tables don't provide real time tracking as well as they could, but then the old manual call the pit to verify seems to work most of the time. If you bet big they'll want a players card, and when you do large amounts that goes on your player's account. They got robbed of $100k chips (in the baccarat pit) and called them in a while back too. It was an employee in on it that time.

I think the best shot he has is laundering through the poker room, but they will keep a lookout for it. You would want to to lose the stolen chips and win real ones, always making change with old.

Found a link for those that doubt: http://www.gpigaming.com/rfid-casino-chips.html

This made me lol too.

The clue is even in the title 'Ocean's Eleven'

Maybe could be re made as 'Ocean's mate on a bike walks in on his own, is out again in five minutes'

Maybe starring the Stig from Top Gear? (UK ref)