... that Steve Wynn owned properties never issued a lot of LE's is because of liability. I spent 6 years working for him and, at one point, was talking with an executive at the Mirage about chips. He stated that they would not release any LE's because they had to show them as a liability on the books since all the chips could potentialy be cashed in. They kicked around the idea of having LE's with expiration dates on them, but never pursued it. Since then they have put out a few, but not in the amounts like some of the "chipper friendly" places.

I don't know how some of the other places handle the accounting of their LE's. Just imagine the financial fiasco if the State of Nevada went to them and said they had to pay sales tax on all the LE's that were sold that can't be accounted for. I think it might be the final nail in the coffin for a few places!

But anyway, I digress.

Tyrus