>>2. Yes. If the owner or higher ups had ordered the chips, they could not sell them for $3 or $10 as Karrol supposedly had done on his own. I may be wrong but I believe that a casino can not charge over face value for chips.

What I meant in this case was the hypothetical situation where higher-ups authorized ordering the chips so that an employee could then buy the rack at face value. So the casino isn't selling them for over face. I'm not saying this happened.