Re: what\'s the reasoning behind this?
Floormen here use both reasons.
Racks used to be permitted as long as you kept a working stack out, to keep the game moving faster.
Racks are no longer permitted, because as the poker room grew, newer players weren't doing a good job keeping it fast. Additionally, the reason has been added that a person could be hiding something under a rack (which I guess they couldn't be hiding in or behind chips).
I have found it quite interesting that some floormen are quite lenient regarding cell phones or keys on the table, but maybe it follows the idea suggested that they are not larger than a playing card.
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