The Palms Ram chips were approved last November.

Let me clear something up. There is no new "Gaming Regulation" passed pertaining to chips.

It is my understanding the commitee within the gaming commission, responsible for approval of chips, has made a rule pertaining to the minimum amounts chips will be approved.
The Palms has always complied and will continue to comply with all gaming regulations/rules and the "spirit" of all gaming regulations/rules.
That said:
I have not personally spoke with anyone in authority about this issue and do not expect to.