Hi Jay,
The key to forcing a casino with legal justification to pick up income for outstanding chips depends, in my opinion, on when legal title to that chip has transfered. Since the casino owns the chip and enters into a bailment with the customer to facilitate the gaming process no title to the chip passes. Notice I am avoiding the use of the term debt. It is not a debt or IOU. No consideration was given to establish a debt. A marker is a debt a chip is not a debt.

Title CAN ONLY pass when the casino, with proper time notification, informs the public it will no longer cash a certain chip or series of chips. At that point the customer has legal title through possession and can do what he/she pleases with the chip.

It appears AC gaming regs establishes a permanent bailment. I would and have questioned this type of transaction. If it is true and one wishes to follow the AC regs as written than I believe no individual can have legal title to an AC chip since title CAN NEVER pass.

Best, Jim