Chipco advertising Casino profit from collectors

Matthew · #1 (**permalink**) 12-03-2007, 02:25 PM

The Chipco website has a new look to it and I stumbled across this page. They're showing ROI for special order chips.

jojobinks · #2 (**permalink**) 12-03-2007, 02:42 PM

for those that argue that collecting casino chips is theft of property: look closely at that chart. chipco is bragging about what % of their chips are leaving the tables as souveniers. that's pure gravy, baby!

7thSeat · #3 (**permalink**) 12-03-2007, 02:46 PM

Great find Matthew

Thanks for posting!

gmunny · #4 (**permalink**) 12-03-2007, 04:28 PM

Wow. That is cool. Thanks for sharing.

That's a pretty good margin. Of course if the casino has to hire someone to design the chips, you'd need to factor that cost in.

cowboys · #5 (**permalink**) 12-03-2007, 05:51 PM

Looks to me like the casino cost of the chips is .65. Anyone else come up with that figure?

gmunny · #6 (**permalink**) 12-03-2007, 06:33 PM

Quote:

Originally Posted by cowboys

Looks to me like the casino cost of the chips is .65. Anyone else come up with that figure?

That's what I came up with on the first order of 10k. I think I came up with .85 on the 4000 chip order, though.

Gaming Ore · #7 (**permalink**) 12-04-2007, 08:42 AM

Quote:

Originally Posted by gmunny

Wow. That is cool. Thanks for sharing.

That's a pretty good margin. Of course if the casino has to hire someone to design the chips, you'd need to factor that cost in.

Chip manufacturers will do that for the casino. Usually as part of the "set-up" fee. If the casino does it, then they probably have an in-house capability (our out-sourced capability) that they are paying anyway for their flyers, promotions, mailings, etc. So no loss there.

Jim (Gaming Ore) Follis

jamby · #8 (**permalink**) 12-04-2007, 10:10 AM

Profit yes, but most of that profit seems to be from the denominations taken, not from the cost of the chip itself. Most on the list that have denoms listed are $5 chips.

Quote:

Originally Posted by jojobinks

for those that argue that collecting casino chips is theft of property: look closely at that chart. chipco is bragging about what % of their chips are leaving the tables as souveniers. that's pure gravy, baby!

kmalsom · #9 (**permalink**) 12-04-2007, 10:16 AM

Quote:

Originally Posted by jamby

Profit yes, but most of that profit seems to be from the denominations taken, not from the cost of the chip itself. Most on the list that have denoms listed are $5 chips.

These are also chips designed specifically to be sold as collectors items (generally). Not NCV chips taken from the poker room.

jojobinks · #10 (**permalink**) 12-04-2007, 10:44 AM

Quote:

Originally Posted by kmalsom

These are also chips designed specifically to be sold as collectors items (generally). Not NCV chips taken from the poker room.

as a player at the casino, there are no signs that say "take these chips home, but leave those here." they put chips into play, and for 95% of them, they HOPE you take them.

$5 chips are by far the most commonly used at the casino. in comparison, the <$1 chips and ncvs are rare. it's a calculated tradeoff that they're clearly happy to make. that was my point.