Bellagio Casino Does Away With 25K Chips

The bandit who made off with an estimated $1.5 million in chips from the Bellagio should take note: The casino is giving public notice it is discontinuing use of chips valued at $25,000.

Anyone who possesses one of the chips must cash it in by April 22, or it will not be worth more than the red plastic it is cast from.

"The bottom line is that they're not money," tells David Salas, deputy enforcement chief for the Nevada Gaming Control Board to the Association Press.

Bellagio owner MGM Resorts International first posted the notice it is discontinuing the chips in the classifieds of the Las Vegas Review-Journal newspaper, just one week after a robber wearing a full-face motorcycle helmet held up a craps table at gunpoint and fled the casino with a bag of loot.

The casino says it does not know exactly how much the robber took, but estimates he could have up to 48 of the closely-monitored $25,000 chips, plus chips of other denominations in the mixed bag.

Alan Feldman, a spokesman from MGM Resorts, told the Associated Press the casino switched out the chips within an hour of the robbery.

"Obviously, anyone walking with one of the old series is going to be subject to a certain amount of questioning as to how they obtained them -- assuming it isn't someone we know," says Feldman. "It's pretty unusual for someone we don't know to come strolling up with a handful of $25,000 chips."

Discontinuing chips is not uncommon, but casino operators are required by law to serve public notice and give gamblers a reasonable amount of time to cash in chips.

Photo, banspy, flickr.
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