Making Counterfeit Casino Chips

Melbourne's Crown Casino has been forced to check the authenticity of $13.7 million worth of gambling chips after the discovery of counterfeit $1000 tokens. The casino has identified $36,000 in. The most feasible counterfeiting would be to take lower value chips and turn them into counterfeit $25s, but it would truly take you an eternity to launder a significant amount without staff or camera determining the source. Counterfeit Chip Operation Busted; In essence, it is just like counterfeiting money. Making counterfeits is easy. Cashing the counterfeits is hard. Added (Jan 2018): Nevada regulations allow casinos to seize chips if the casino 'knows or reasonably should know' that the chips weren't obtained in the course of gambling by the individual presenting them.

Making Counterfeit Casino Chips Videos
Making Counterfeit Casino Chips Near Me
Making Counterfeit Casino Chips Online

There are very few poker chip manufacturers. It costs hundreds of thousands of dollars to have the machinery and different commodities neccessary to make poker chips. It costs, on average, $10,000 to $20,000 just to have your own mold manufactured, let alone counterfeiting casino chips. Let me see what else I can find.

Intro

Since casino chips are a form of currency, there is always going to be a problem with people creating counterfeit chips in order to steal money from casinos. Casinos have always been very aware of these risks, and put a lot of effort into preventing any losses. Each casino uses a unique set of chips, even if that casino is part of a bigger casino company, and the chips they use have a few security features. Besides simple factors (such as distinct color combinations, highly-specialized markings, and intricate high-resolution artwork), the chips may incorporate advanced technology, such as RFID or ultra-violet markings.

Besides physical deterrents, the casinos employ various operating procedures to manage counterfeit risk. Many casinos keep a set of chips in reserve with an alternate design so that they can swap out all the old chips from the casino floor and replace them with the new sets. In many jurisdictions, casinos are required to have these alternate chips in reserve. In 2011, the Bellagio got robbed of $1.5 million of casino chips and managed to swap them out within an hour, relegating the stolen chips to being virtually worthless. Casinos are also not required to cash out any chips if they believe the person cashing them out is not the owner of the chips. A common example would be a stripper getting a $1,000 chip as a big tip, and then trying to cash it out at the casino. Sometimes the casinos won't take them in order to prevent money laundering.

There isn't too much data available about how large the casino chip counterfeiting problem is. The Nevada Gaming Commission gets about a dozen complaints each year relating to counterfeit chips. But because of the countermeasures employed by casinos and the heavy penalties by regulators, the financial losses due to counterfeit chips are usually small, and few criminals get away with it.

How easy would it be to rob a casino?

Making Counterfeit Casino Chips Videos

Many gamblers at some point have innocently wondered how difficult it would be steal from a casino by creating counterfeit chips. The truth is that it’s just as difficult to create counterfeit casino chips as it is to create counterfeit money since the chips are manufactured using very specialized equipment. But besides the creation of the chips, I believe it would be more difficult to actually get away with using counterfeit chips than counterfeit money, because ALL casino employees are trained to identify counterfeit chips, while very few retail employees are trained (or even care enough) to identify fake currency.

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Making Counterfeit Casino Chips Near Me

Making Counterfeit Casino Chips Online

HPG ADMIN on March 1, 2013