what did the casino do with the wsop bud jones chips from 2006

xraytech8704 · #1 (**permalink**) 10-02-2007, 08:26 AM

hi anyone know what did the casino do with the bud jones wsop chips?did they destroy them and change the new chips to the new paulson wsop chips.

Vince · #2 (**permalink**) 10-02-2007, 10:12 AM

My guess is they destroyed them. Otherwise we would have know if about sales.

PhilTheThrill14 · #3 (**permalink**) 10-02-2007, 10:42 AM

Not sure why they would destroy them - they say No Cash Value on them. I'm pretty sure they are in storage somewhere.

JM · #4 (**permalink**) 10-03-2007, 07:09 PM

Quote:

Originally Posted by xraytech8704

hi anyone know what did the casino do with the bud jones wsop chips?did they destroy them and change the new chips to the new paulson wsop chips.

Seems to me the LV gaming commission rules says they must be destroyed and can't be sold.

xraytech8704 · #5 (**permalink**) 10-03-2007, 08:57 PM

but what about the other bud jones chips from closed casino on ebay.say the jack niemans or the ceasars.

thank

imthatguy · #6 (**permalink**) 10-03-2007, 09:22 PM

They're not from Las Vegas. Simple as that, different states, different rules.

Quote:

Originally Posted by xraytech8704

but what about the other bud jones chips from closed casino on ebay.say the jack niemans or the ceasars.

thank

Gaming Ore · #7 (**permalink**) 10-03-2007, 10:04 PM

Quote:

Originally Posted by JM

Seems to me the LV gaming commission rules says they must be destroyed and can't be sold.

To be more precise...

Nevada Gaming Regulations state that discontinued chips/tokens are to be destroyed in a manner approved by Gaming. Often times this means physical destruction. HOWEVER, in the case of the Dunes Golf Course chips, they were supposed to be drilled for keychains, or otherwise placed into holders and used as money clips and key chains.

I'd be willing to bet if one of those existed it would fetch a pretty penny!!

Anyway, the point is, Nevada Gaming may approve destruction as being drilling a hole in the chip, or even doing nothing to the chips (in the case of a casino going out of business). And there is also legal presendence in Nevada that supersedes Gaming's requirement in the case of bancruptcy.

The Sundowner chips (Downtown, Las Vegas) hit the market after being sold in the bancruptcy auction and I believe that Gaming tried to exclude the chips. But the court ruled that the cerditors were entitled to anything of monetary value, i.e., the chips in auction.

With all the Horseshoe chip coming into the market place, why are we not asking how these avoided destruction? Hmmmmmm.

I doubt that the chips in question have been destroyed. There is plenty of room in the vault for old chips, especially if a back-up set needs to be rung in post haste!

For what its worth!

Jim (Gaming Ore) Follis

BTW-Not to give anyone nightmares, but this is the end result of a physical destruction!

tomb1 · #8 (**permalink**) 10-03-2007, 10:34 PM

I thought I saw that the 2006 BJ chips were used in one early event this year, I think the employee's event....

Quads · #9 (**permalink**) 10-03-2007, 10:45 PM

Word on the street is they are boxed up, shrink wrapped on a pallet, sitting in a warehouse.

PhilTheThrill14 · #10 (**permalink**) 10-04-2007, 08:40 AM

LIke I said - these are NCV chips - there would be no need to destroy them - they can keep them forever in storage if they want. Since they have no cash value (can't be redeemed for cash at the casino window) to the casino, the state, or the general public, the gaming commission really could care less if the casino comes out with a new "issue" of them every year. They have no cash value.