>>I'm more in favor of leaving each individual case being reviewed by the Board and let them make a decision whether issuing a chip with the club logo benefits the organization or not ... rather than giving blanket approval before hand

While I agree with you on this point, It makes sense for the Board to establish some base guidelines. Although a new board could change those guidelines having a written set of guidelines would help promote some sense of continuity. In addition if those guidelines were made known to the casinos it could help them in designing a chip or choosing not to.