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#1
06-30-2005, 07:54 PM
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Question about counterfeiting chips -- i.e.,why doesn\'t anyone do it?
It's probably due to the fact that I don't know jack about the process, but it seems to me that counterfeiting a poker chip would be a lot easier to do that counterfeiting a $20 bill, especially the newfangled $20s they have with the holo-strips and all that crap.
Wouldn't it be straightforward for someone with the relative expertise to determine what the makeup/density/weight was of, say, $100 poker chips at a given casino, and crank out a thousand of them? And there are lots o' casinos out there . . . Probably something I'm missing -- are there a bunch of tests that casinos do every night on their chips to make sure that there aren't any fakes? Obviously they can weigh them, but that's pretty lame . . . there's got to be other parts of the process. Just curious. Not planning on doing this as a side business, promise [img]/images/graemlins/wink.gif[/img]. 
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#3
06-30-2005, 08:06 PM
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Re: Question about counterfeiting chips -- i.e.,why doesn\'t anyone do it?
It happens more than you could imagine, and the casinos are very aware of this problem.
TT [img]/images/graemlins/club.gif[/img]
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#4
06-30-2005, 08:08 PM
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Re: Question about counterfeiting chips -- i.e.,why doesn\'t anyone do
Why do you think all the Vegas houses are moving to implement RFID tags in the chips?
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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#5
06-30-2005, 08:09 PM
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Re: Question about counterfeiting chips -- i.e.,why doesn\'t anyone do it?
Well, I have no real knowledge on this other than to say that I believe the Wynn's chips have RFID tags in them -- meaning they can be tracked and electronically authenticated. Additionally, there was some discussion in James McManus' "Positively Fifth Street" of semi-counterfeit Binion's brown $5K chips that Ted had ordered.
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#6
06-30-2005, 08:12 PM
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Re: Question about counterfeiting chips -- i.e.,why doesn\'t anyone do it?
[ QUOTE ]
It happens more than you could imagine, and the casinos are very aware of this problem. TT [img]/images/graemlins/club.gif[/img] [/ QUOTE ] Can you give us any details? Like: --How often does it happen? --How do casinos test chips? --What exact law is being broken? (Same law as you-can't-counterfeit-government-currency? Do the feds/Secret Service step in? Seems unlikely to me) I very much doubt that sharing any of this information is going to encourage anyone here into starting up said business [img]/images/graemlins/smile.gif[/img]. Also curious as to whether the counterfeiters just take it directly up to the counter to cash in, whether they try laundering it through games with big payouts (my guess is that if you put $100 on a 35-1 bet and you collect $3500 you don't get it all in $100 chips), etc. Seems like there's got to be some very interesting stories there.
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#8
06-30-2005, 08:15 PM
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Re: Question about counterfeiting chips -- i.e.,why doesn\'t anyone do it?
[ QUOTE ] It's probably due to the fact that I don't know jack about the process, but it seems to me that counterfeiting a poker chip would be a lot easier to do that counterfeiting a $20 bill, especially the newfangled $20s they have with the holo-strips and all that crap. Wouldn't it be straightforward for someone with the relative expertise to determine what the makeup/density/weight was of, say, $100 poker chips at a given casino, and crank out a thousand of them? And there are lots o' casinos out there . . . Probably something I'm missing -- are there a bunch of tests that casinos do every night on their chips to make sure that there aren't any fakes? Obviously they can weigh them, but that's pretty lame . . . there's got to be other parts of the process. Just curious. Not planning on doing this as a side business, promise [img]/images/graemlins/wink.gif[/img]. [/ QUOTE ] Whenever large quantities of chips enter a casino from an unknown source unable to explain where they came from, many flags are waived inside security. There not just gonna hand the cash over. This means that the creators of the chips would only be able to cash out small quantities at a time. But I am sure there’s ways around even this, pay off a employee to say he saw you play, or something more indepth Then again in many of the smaller casinos, with less security and scrutiny, maybe it could be gotten away with much easier.
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#9
06-30-2005, 08:19 PM
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Re: Question about counterfeiting chips -- i.e.,why doesn\'t anyone do it?
[ QUOTE ]
Well, I have no real knowledge on this other than to say that I believe the Wynn's chips have RFID tags in them -- meaning they can be tracked and electronically authenticated. Additionally, there was some discussion in James McManus' "Positively Fifth Street" of semi-counterfeit Binion's brown $5K chips that Ted had ordered. [/ QUOTE ] That was the first thing that came to my head as well. Funny thing is the guy who did it later designed the stratosphere, I am drawing a blank on his name though.
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#10
06-30-2005, 09:01 PM
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Re: Question about counterfeiting chips -- i.e.,why doesn\'t anyone do it?
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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