OK..so his description is a lie?

You are bidding on a Gorgeous Rare Binions Horseshoe Las Vegas Casino 2005 WSOP World Series of Poker Chip. These chips were given away to the players of the 2005 WSOP. This rare chip is in uncirculated condition and easily stands on its edge. Good luck bidding!

The fact that Binion's or Horseshoe isn't mentioned on the chip put up white flags for me..