I cant find anything about this cancelled chip

Is it legit or ???

Any info MUCH appreciated (you to GENE LoL TY)

PS Its not my auction but it is on fleabay

http://www.ebay.com/itm/Four-Queens-Las-Vegas-Nevada-2nd-Iss-25-R-8-OVERSTAMPED-N-N-/160674265368?pt=LH_DefaultDomain_0&hash=item2568eeb918