HolyCoast: This is Just About the Only Way to Win in Vegas
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Tuesday, December 14, 2010

This is Just About the Only Way to Win in Vegas

Rob the place:
An armed bandit escaped Tuesday on a motorcycle after stealing at least $1.5 million in casino chips from the posh Bellagio resort and may have pulled a similar caper across town less than a week ago, police said.

The culprit, however, might find it hard to redeem his loot because the chips are only good at the high-end, Italian-themed hotel-casino with a wall of famous fountains along the Las Vegas Strip.

The 3:50 a.m. robbery at a craps table happened "about as quick as you can do it," when a man wearing a motorcycle helmet pulled a gun on patrons, police Lt. Clinton Nichols told The Associated Press.
These chips won't be easy to redeem. Someone walking up to the cashier with a handful of them is going to get a lot of scrutiny and they'll want to know where he's been playing in order to find out how he got the chips. Surveillance will make it easy to check out the guy's story.

My guess is the guy will try and fence them to others for a fraction of the value.

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