Question about counterfeiting chips -- i.e.,why doesn't anyone do it?

[TM1212]

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Bob Stupak? Complete moron and looks like the walking dead. He's owned quite a few Vegas hotels over the years. He likes to think of himself as a high roller. I've seen him take markers for well over 1 millon and never place a bet. He actually made a final table in a WPT event once. He was short stacked and I think he went out 6th.

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YUP thats him. I also remeber seeing him on wpt. After getting elminated looking like a complete moron he says somthing like, "better to go out shooting, then calling you know."

[csuf_gambler]

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Travel channel had a great episode on "Breaking Vegas" on a fellow who nearly got away with counterfeiting $1 slot coins. Started with Foxwoods. Only got caught cause the counting rooms noticed they had too many coins.

fun.

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it wasn't travel channel. it was the history channel. the breaking vegas series is very entertaining and informative. some schmuck from jersey studied the coins in and out for a few years. he was finally able to replicate them to precise specifications. then he got caught cause he got greedy.

[ChrisAJ]

Radio Frequency Identification. Typically a microchip or even a sticker tagged with information - like the validity of a poker chip, or a chip's value, or even an individual chip's unique identifier. These chips/stickers can then be "pinged" by RFID readers.

Some appliance manufacturers are toying with the idea of equipping refrigerators with RFID readers - the idea being the refrigerator can tell you what's inside without you having to stand there with the door wide open.

I hear that Wynn, among others, is starting to use RFID in its poker chips.

[Nomad84]

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Travel channel had a great episode on "Breaking Vegas" on a fellow who nearly got away with counterfeiting $1 slot coins. Started with Foxwoods. Only got caught cause the counting rooms noticed they had too many coins.

fun.

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it wasn't travel channel. it was the history channel. the breaking vegas series is very entertaining and informative. some schmuck from jersey studied the coins in and out for a few years. he was finally able to replicate them to precise specifications. then he got caught cause he got greedy.

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IIRC, he was making coins bigger than $1. I think he started with $10 tokens, but I don't remember how high he went. Do they have $100 tokens for the high limit slots? As mentioned above, he was caught when a casino counted their tokens and expected less (people keeping them as souvenirs) than the last time, but instead, had several thousand more. They called other casinos who found the same. They weren't able to distinguish the real chips from the counterfiets in many cases. The show said that no one knows how many of his Foxwoods tokens are still being used today because they were unable to effectively separate them out.

I believe that the show said that technically, it was not illegal for him to make the tokens in his state (at the time). I don't recall whether the illegal part was using them or crossing state lines to use them. I think it was the latter. Can't remember for sure though [img]/images/graemlins/confused.gif[/img]

[Slacker13]

Me and a few of my buddys were just talking about this the other night. No one could come up with a reason why it couldn't be done.

[KidPokerX]

My local casino, Chumash, has implemented their new chips with the ID tags inside. They did this for the exact reason mentioned.

[Solami17]

I'm sure it could easily be done. But I am also certain that the chip producing companies have contracts with the casinos that they will not reproduce or share any of the other chips they make for any given casino. By the way, counterfieting a chip is counterfeiting US currency as well. Since the money you exchange for chips occurs at an even rate, ie $50 for 50 $1 chips, the casino has now cashed out money that never existed in the first place due to a counterfeit chip...just my thoughts

[M.B.E.]

http://forumserver.twoplustwo.com/sh...Number=2433192

http://forumserver.twoplustwo.com/sh...Number=2433537

[PoorLawyer]

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Travel channel had a great episode on "Breaking Vegas" on a fellow who nearly got away with counterfeiting $1 slot coins. Started with Foxwoods. Only got caught cause the counting rooms noticed they had too many coins.

fun.

[/ QUOTE ]

it wasn't travel channel. it was the history channel. the breaking vegas series is very entertaining and informative. some schmuck from jersey studied the coins in and out for a few years. he was finally able to replicate them to precise specifications. then he got caught cause he got greedy.

[/ QUOTE ]

IIRC, he was making coins bigger than $1. I think he started with $10 tokens, but I don't remember how high he went. Do they have $100 tokens for the high limit slots? As mentioned above, he was caught when a casino counted their tokens and expected less (people keeping them as souvenirs) than the last time, but instead, had several thousand more. They called other casinos who found the same. They weren't able to distinguish the real chips from the counterfiets in many cases. The show said that no one knows how many of his Foxwoods tokens are still being used today because they were unable to effectively separate them out.

I believe that the show said that technically, it was not illegal for him to make the tokens in his state (at the time). I don't recall whether the illegal part was using them or crossing state lines to use them. I think it was the latter. Can't remember for sure though [img]/images/graemlins/confused.gif[/img]

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was the latter. was a good show too. if he just walked away earlier he would have been a genius.

[M.B.E.]

http://archiveserver.twoplustwo.com/...?Number=189415