Gene,

On a slightly different note, when the counts are done and you determine 120,000 $1 chips are "missing" is that reported on the books as profit (minus the cost of the chips)?

Or is this considered an account payable in case the chips are redeemed at a future time.

Lastly, assuming the Palms issued $2,000 - $5 Millenium chips and in 2006 a redemption notice is put out and the deadline passes, does this go from an account payable to cash on hand for any chips unredeemed?

Thanks

Terrence
R-6095