Here is the story behind the chips as told by a dealer friend of mine that worked at the Casino. The $500 chip was the largest denomintation that was in play on a daily basis. The $1000 oversized chips were made for a specific high roller that would come into the President to gamble. The only time these chips were brought out was for this specific high roller. After he would leave, the chips would be pulled from the table and put back into the vault.
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