My prediction: the NJ gaming authorities will rule that these are not "issued" chips for which a reserve has been established, and therefore they do not qualify for redemption. Just to make sure everything is clear, they would probably declare all Playboy chips equally suspect and non-redeemable.

The bigger question then becomes whether NJ changes its law or regs to abolish redemption entirely or set a reallly quick date (such as within 2 months of closure), so as to avoid this problem in the future.

I'd be interested in what others might think - especially those familiar with the NJ system.