If you recall the cage at the LV Club, there used to be a counter full of chips to the right, and that’s the first place I saw these chips, in the 1990’s. I asked about them and the cashier showed me one. I told my Vegas collector friend Bill Akeman about them. As far as I know, that was the first time anyone in the collector community knew about those chips. Bill had a contact at the Vegas Club and a few months later, he called me and said he had a few and offered to sell them. It was a lot of money and I passed. I think all of the ones he had said “horse racing”. As for their use, the Vegas Club used them the same way all other Sportsbook chips were used: to avoid filling out tax forms. If a high roller comes to town for a week, they would have to fill out a tax form every time he cashed a winning ticket. But if they give him these chips instead of cash, then there’s no tax form necessary, and he can use the chips to bet on tomorrow’s games.