What happens in leading Vegas casinos regarding cash outs from poker chips is set to stay in those casinos, thanks to a major new policy change.
only cash out poker chips from their properties”
Starting Thursday, Strip casino heavyweights, including Caesars Entertainment, MGM Resorts International, and Wynn Resorts, “will only cash out poker chips from their properties.”
The policy change nixes all prior agreements the casino brands may have had in place to cash out poker chips from other gambling establishments.
Other casinos are also making the change, according to the Las Vegas Review-Journal. The Vegas daily on Monday cited a spokesperson from The Venetian Resort Las Vegas as stating it will “no longer exchange casino chips based on poker play from other casinos,”
“This policy change is another measure in our commitment to anti-money laundering compliance,” the spokesperson added.
Notices posted around Caesars’ Vegas IRCs say that starting Thursday, the company’s Las Vegas casino properties “will not cash other casinos’ chips from poker play, and our own chips from poker play will not be accepted elsewhere.”
According to the Review-Journal, Nevada gaming officials did not divulge the answers as to why the changes are coming. Industry speculation, however, calls the policy move as either linked to AML compliance, or “the result of regulatory guidance.“
