The Trump implosion thread!

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23 members have voted

February 18th, 2021 at 7:16:57 AM permalink
Gandler
Member since: Aug 15, 2019
Threads: 27
Posts: 4256
Quote: Wizard
I have about 400 $1 Trump Plaza chips in nice condition. Hopefully they will go up in value after this.


What happens to chips when a casino closes with minimal notice, do they have to give a certain period after closing to redeem chips at a location or through the mail?


I know that is not you goal (and it would be way too late now, I think this has been closed for over 5 years), but that is more general curiosity, I never really thought about it, but I know I am guilty of leaving with chips some nights if I forget or am too lazy to go to the cashier. If I recall correctly, when the Revel closed they designated a place to cash in chips and cashout slips for a certain number of weeks after closing, but I don't know if there is a uniform standard.
February 18th, 2021 at 7:20:23 AM permalink
DRich
Member since: Oct 24, 2012
Threads: 51
Posts: 4969
Quote: Gandler
What happens to chips when a casino closes with minimal notice, do they have to give a certain period after closing to redeem chips at a location or through the mail?


I know that is not you goal (and it would be way too late now, I think this has been closed for over 5 years), but that is more general curiosity, I never really thought about it, but I know I am guilty of leaving with chips some nights if I forget or am too lazy to go to the cashier. If I recall correctly, when the Revel closed they designated a place to cash in chips and cashout slips for a certain number of weeks after closing, but I don't know if there is a uniform standard.


In Nevada you do have to allow a redemption period usually of at least 90 days. Not just when closing but if changing out their chips. We always put notices in various newspapers notifying the public that they have until a certain date for redemption.
At my age a Life In Prison sentence is not much of a detrrent.
February 18th, 2021 at 10:20:52 AM permalink
terapined
Member since: Aug 6, 2014
Threads: 73
Posts: 11804
Quote: DRich
In Nevada you do have to allow a redemption period usually of at least 90 days. Not just when closing but if changing out their chips. We always put notices in various newspapers notifying the public that they have until a certain date for redemption.

Why should they be allowed to expire
Seems like printing money
Some wont be redeemed
Why not have a law, forever chips
The post office does it
I just bought a flat rate envelope forever stamp
Sometimes we live no particular way but our own - Grateful Dead "Eyes of the World"
February 18th, 2021 at 10:39:46 AM permalink
Mission146
Administrator
Member since: Oct 24, 2012
Threads: 23
Posts: 4147
Quote: terapined
Why should they be allowed to expire
Seems like printing money
Some wont be redeemed
Why not have a law, forever chips
The post office does it
I just bought a flat rate envelope forever stamp


Because people often intentionally collect them as souvenirs, for one thing. Another thing is slot vouchers, extremely low value ones sometimes intentionally thrown away while others are otherwise lost.

The total amount, "In limbo," would just continue to accumulate for all time, at some point, you need to be able to close the books on it.
"War is the remedy that our enemies have chosen..let us give them all they want." William T. Sherman
February 18th, 2021 at 10:40:22 AM permalink
SOOPOO
Member since: Feb 19, 2014
Threads: 22
Posts: 4178
Quote: terapined
Why should they be allowed to expire
Seems like printing money
Some wont be redeemed
Why not have a law, forever chips
The post office does it
I just bought a flat rate envelope forever stamp


Generally agree. I accidentally brought home some chips from Turning Stone years ago. Then they opened our local Casino Niagara and Seneca Niagara casinos. So no need to go back. I was in the area a few years ago so I brought the old chips. I think $40 worth. They would not honor them. Said they took them out many years ago and gave people 2 years to turn them in. I wasn't close.

In the casino's defense, they can say they NEVER want their chips to leave the premises; that they ALWAYS have a cashier ready to give you cash for the chips.
February 18th, 2021 at 10:46:57 AM permalink
Mission146
Administrator
Member since: Oct 24, 2012
Threads: 23
Posts: 4147
Quote: SOOPOO


In the casino's defense, they can say they NEVER want their chips to leave the premises; that they ALWAYS have a cashier ready to give you cash for the chips.


(Quote clipped, relevance)

That and the fact that they are not legal tender and are generally useless (other than a transfer from one private party to another) anywhere outside of the casino. They're not meant to replace money, per se, but to represent money...and there are all sorts of reasons for that.

Some of the newer casino chips in different places have also been upgraded, in certain ways, in order to make them more difficult to counterfeit. Some chips (mostly higher denomination) have RFID chips in them to prevent them from being stolen, or at least tracked and made useless if they are stolen...since you'd be caught if you attempted to cash them in.

In any case, it's not like you can go to the gas station and hand them a green chip from your local casino for $25 in gas.
"War is the remedy that our enemies have chosen..let us give them all they want." William T. Sherman
February 18th, 2021 at 1:05:25 PM permalink
DRich
Member since: Oct 24, 2012
Threads: 51
Posts: 4969
Quote: SOOPOO
Generally agree. I accidentally brought home some chips from Turning Stone years ago. Then they opened our local Casino Niagara and Seneca Niagara casinos. So no need to go back. I was in the area a few years ago so I brought the old chips. I think $40 worth. They would not honor them. Said they took them out many years ago and gave people 2 years to turn them in. I wasn't close.

In the casino's defense, they can say they NEVER want their chips to leave the premises; that they ALWAYS have a cashier ready to give you cash for the chips.


Most people that I know just tuck one of the old chips in the middle of a pile of new chips for a BJ bet. When you lose the dealer just sticks them in the tray without looking at them.
At my age a Life In Prison sentence is not much of a detrrent.
February 18th, 2021 at 2:39:26 PM permalink
SOOPOO
Member since: Feb 19, 2014
Threads: 22
Posts: 4178
Quote: DRich
Most people that I know just tuck one of the old chips in the middle of a pile of new chips for a BJ bet. When you lose the dealer just sticks them in the tray without looking at them.
. Interesting! I think I can’t (ethically) do it. But it is complicated. My ‘ethics’ would be for them to honor them. I have to put more thought into this.
February 18th, 2021 at 3:26:04 PM permalink
Gandler
Member since: Aug 15, 2019
Threads: 27
Posts: 4256
Quote: SOOPOO
. Interesting! I think I can’t (ethically) do it. But it is complicated. My ‘ethics’ would be for them to honor them. I have to put more thought into this.


Unless the casino told you that the chips are no good I don't think its unethical. If you were told that the chips were void and intentionally tried to use them that may pose an ethical (and possibly legal issue, I don't know if using past chips intentionally would be the same as using fake chips, but it would probably be best not to find out).

For example, just about every time I go to my parents house (especially in the winter), I will often find old chips from AC casinos, in old jackets from college in random pockets (you know the kind of random pockets inside jackets where you randomly stuff things and then forget about for years), if I go to that casino I will usually just throw them in with a random bet (and usually lose them), I don't see anything wrong (granted we are talking low denoms like red and green). But, I have also never been notified that chips are changing, if I was made aware that would of course change things, and obviously for casinos that are no longer here they basically just become antiques. I don't think (to my knowledge) the main AC casino I play at has changed chips since I have been 21 so I don't think its an ethical or legal issue (since COVID started it has changed ownership and I have not been so that may not be the case any longer, but I am not sure).
February 28th, 2021 at 2:59:04 PM permalink
ams288
Member since: Apr 21, 2016
Threads: 29
Posts: 12537
I’m not watching Donny’s QPAC speech, but I am seeing many people on Twitter describe it as “low energy.”

Maybe his humiliating defeat at the ballot box took the wind out of his sails?
“A straight man will not go for kids.” - AZDuffman