Poker Chips No Longer Redeemable at Competing Las Vegas Strip Casinos

Poker gamers can not redeem on line casino chips from one competing Las Vegas Strip property at one other.

The most important resorts alongside the Strip have stopped accepting poker chips from rivals. It wasn’t a choice made by the Nevada Gaming Management Board (GCB), however the board approves of the efforts to assist thwart cash laundering.

Casinos concerned embrace all MGM Resorts, all Caesars Leisure properties, Wynn Las Vegas, and Venetian.

Influence on the Vegas Poker Group

The casinos above will not money poker chips from different properties. There’s one exception, and that’s that the brand new rule would not apply to sister properties. If a gambler makes an attempt to money in, say, Bellagio chips at one other MGM Resorts property reminiscent of Aria, the request might be honored by the cashier. The identical rule applies inside the Caesars model of casinos.

There are 11 brick-and-mortar card rooms on the Las Vegas Strip. That is down considerably since COVID, as rooms reminiscent of Mirage, The Strat (previously Stratosphere), and Harrah’s by no means reopened.

Many poker execs who frequent a number of Las Vegas poker rooms benefit from the comfort of cashing in chips from one property at one other on line casino. These days are over as the largest gaming manufacturers on the town try to fight cash laundering.

The principle influence of the brand new coverage, for many who aren’t cash laundering, might be shedding the comfort issue of with the ability to money Venetian chips over at Bellagio. Poker gamers touring to Las Vegas who play in a number of card rooms ought to money out their chips following every session. This can stop having to run up and down the Strip on the final day of the journey to money in chips at numerous casinos.

Poker rooms beforehand permitted cashing in rival on line casino chips, because it made it simple for gamers to purchase into video games in the event that they did not have money accessible. Las Vegas has lengthy been thought-about a hotspot for poker in the USA. Most of the largest tournaments and money video games, and the juiciest low-stakes video games, have been hosted within the fashionable vacationer vacation spot. However some execs consider different cities, reminiscent of Los Angeles, Austin, and Miami, have surpassed Las Vegas poker.