... used to purchase goods or services.

>> Chips are used in exchange for money <<

Actually, they are not. They are used IN PLACE OF money for the purpose of placing bets. See my response to Peter Sanders for a more detailed discussion of this point and why chips are not used "in exchange" (especially in Nevada, which specifically prohibits such use). ----- jim o\-S

... "used to purchase goods or services."
Jim; You've just given the definition of tokens.... and money.

During the civil war, many merchants took it upon themselves to have private mints manufacture their own store tokens. There are many counterfeits or reproductions of these tokens and I believe that these privately produced tokens fall under the protection of the Hobby Protection Act.

When I take my chips to the cashier's window for redemption, am I not exchanging my chips for money?

Actually, I liked Mr. Ganz' position better. Since you already have the copy of his letter I sent to you some time ago regarding the Paulson's Foxy Firehouse chips, would there be no useful purpose served in further seeking his counsel rather than me being a go-between?