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The Chip Board Archive 06

Re: I believe it's about time ....

Bob Toots said it best;... "I do not agree totally with the comment that chips are created to bring people into the casino's. I would guess that the majority of these chips are created with PROFIT in mind. When you can sell a .64 chip for $5.00 I would consider that a hefty return on investment."

Excellent point Robert!
Speaking from my experience ... with Atlantic City casinos only ... these chips defintely are NOT created, "to bring people into the casinos".

1. 99% of the time, the *eleven casinos in Atlantic City make NO advance public announcement that these chips will be offered for sale ... or WHEN they will be available.... so how does that bring people into the casino when "the public" knows nothing about them?
(*Showboat, the 12th casino, is the only A.C. casino that has never issued an LE chip)

2. It is CHIP COLLECTORS who are the casino's customers for the Limited Edition products they are selling ... generally not the player.

3. The overwhelmingly number of casino players could care less about new chip issues. They would be satisfied with pay-offs in tiddly winks ... as long as they could cash them in at the cage.

4. The Atlantic City casinos don't want to inventory these chips for any length of time... and be required to fill out the mandated periodic reports with the State of New Jersey for unsold chips. They want to put LE's out on a specifically designated table and blow them all out in one day (or one hour).... which is why they don't spread these chips around to various tables for saturation and distribution to "the public".

As has been the case in other threads on this bb... one must separate how Las Vegas permits distribution of their LE chips from the cage ... and Atlantic City regulations which prohibits ANY chip distribution from the cage.

Most of you veteran bulletin board users already know these facts... but many "newbies" may not... which is the purpose of my post.

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My three and a half cents on this issue....
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