Warning: Venetian is changing out chips after possible robbery, giving third-degree to anyone with $500 or higher chips
This is from "Dynasty", a respected 2+2 user:
Quote:
I had a strange experience when I went to play poker at the Venetian today.
I arrived at the room and was able to lock up a seat in a game right away. So, I went over to the cashier to get chips myself. As I usually do, I was buying into the game using $500 chips. I simply find it more convenient to carry $500 or $1,000 chips rather than a large roll of $100 bills.
I put two $500 chips down on the cashier counter and asked for a couple racks. The cashier, who I didn't recognize, said she needed to see my player's club card and a photo ID. In the many years I've used $500+ chips at the Venetian, Bellagio, Caesars Palace, Mirage, etc., I've never been asked for any ID.
Of course, I took out player's club card and fllashed a photo ID which would have been a minor nuisance to actually take out. However, the cashier said she had to take posession of the photo ID. Since I didn't recognize her, I said something like "I dont think all this is necessary" believing she might be new and overdoing it. However, a longtime cashier looked over and said something like "No. We've been told to check IDs on everybody cashing big chips."
I handed my ID to the cashier when the Nolan Dalla story came to mind. Nolan had a $5,000 chip confiscated by the MGM Grand when he accepted it from a friend as payment for a debt and then tried to cash it at the casino.
The cashier was on the phone with somebody in casino management about the situation. I saw my two $500 chips still on the counter and took them back. After a bit, the cashier asked for the chips while still talking on the phone. I simply shook my head no. When she hung up, she told me I needed to go to the main cage to get them cashed.
I asked what was going on and was told something like "the casino is changing out the older chips and replacing them with new ones" as if it was no big deal. This story had credibility with me. Something was up.
I went to the main cage, told them I was sent over from the poker room. Again I was asked for a player's card and photo ID and gave them. Someone in management came over to supervise what the cashier was doing after she also talked on the phone for bit to get approval for whatever she was going to do.
She asked for my chips. I flatly said I wasn't turning them over until I had assurance I was going to get cash for them. After some more discussion among the Venetian employees, including getting confirmation that I was a regular at the Venetian, I was assured they'd pay me if I turned over the chips. I did so and they immediatley gave me $1,000 in cash.
I asked why I was being put through this hassle and they gave me the same nonchalant story of "changing old chips for new ones".
I took my cash over to the Venetian poker room, bought into my game, and starting playing.
I eventually caught Kathy Raymond who runs the Venetian poker room, told her my story, and asked her what was going on. She told me something like "Oh. They're just changing out old chips." The consistency of the story was impressive.
I asked some regulars at my table if they had heard about any incidents at the Venetian (after telling them my tale). None of the players knew anything. I said something like "there must have been a robbery or something" if they're so concerned about high-denomination chips.
At that point, a dealer finally spoke up saying "That's what I heard. Somebody robbed a high stake baccarat table."
Beyond this dealer's comment, I've got no evidence of a robbery at the Venetian. But, even as I walking over to the main cage while still in posession of my chips, I suspected something big had occured.
It's clear the Venetian's cage was taking down my name and information and intended to take down everybody's information who tries to cash out high-denomination chips (anything $500 and up).
If any 2+2ers are in posession of high-denomination Venetian chips, I'd cash them out immediately. But, you may have to back up how you came into posession of them.
And don't surrender them without 100% assurance you're getting paid immediately.
http://forumserver.twoplustwo.com/29...to-id-1256394/
Dynasty gave a very good piece of advice at the end. I will go a step further and describe exactly what you should do if you currently hold Venetian chips with denominations of $500 or higher:
1) Bring photo ID, provided that you are willing to have this cashout tracked. If you have more than $10k in chips, be aware that they will make you fill out a CTR form if you cash them all out at once.
2) Bring your player's club card, if you have one. This will also reduce suspicion on their part.
3) Go to the main cage and tell them that you have heard there are some problems with the $500 and higher chips, and you wish to cash them in. Tell them how many you have, and that you are willing to provide ID. Tell them that you will only surrender the chips if they guarantee you will get cash for them immediately. If they cannot guarantee this, ask for a manager. Do NOT surrender the chips without this promise.
4) Make sure to have a general knowledge of how you acquired the chips. They will probably ask where, when, and how you got them. NEVER ADMIT YOU RECEIVED ANY FROM SOMEONE ELSE. Even if it's true, don't admit this, unless you want them to confiscate your chips. Always claim that all of the chips are yours.
5) If you still have trouble, find out from management what you need to do in order to cash them. Do not go home without this answer. If you can't get this answer from anyone, DO NOT leave without your chips.
