Re: AP club just got busted
I doubt that you "own" the chips in front of you. In Nevada, and, I believe, Atlantic City, the regulations clearly state that the chips are gambling devices owned by the casinos. They act as an IOU's, but they are not sold to the gamblers, they are given as markers. Technically, they remain the property of the casinos. Although they is no such regulation governing "illegal" card clubs in New York, I am sure the courts would look to the rules governing legal casinos and card clubs for guidance. JMHO.
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