Strip Casinos Set to Stop Cashing Out Rivals’ Poker Chips

What occurs in main Vegas casinos concerning money outs from poker chips is ready to remain in these casinos, due to a serious new coverage change.   

solely money out poker chips from their properties”

Beginning Thursday, Strip on line casino heavyweights, together with Caesars Leisure, MGM Resorts Worldwide, and Wynn Resorts, “will solely money out poker chips from their properties.”

The coverage change nixes all prior agreements the on line casino manufacturers could have had in place to money out poker chips from different playing institutions. 

Different casinos are additionally making the change, in line with the Las Vegas Evaluation-Journal. The Vegas each day on Monday cited a spokesperson from The Venetian Resort Las Vegas as stating it can “not change on line casino chips primarily based on poker play from different casinos,”

“This coverage change is one other measure in our dedication to anti-money laundering compliance,” the spokesperson added. 

Notices posted round Caesars’ Vegas IRCs say that beginning Thursday, the corporate’s Las Vegas on line casino properties “won’t money different casinos’ chips from poker play, and our personal chips from poker play won’t be accepted elsewhere.”

In line with the Evaluation-Journal, Nevada gaming officers didn’t expose the solutions as to why the modifications are coming. Business hypothesis, nonetheless, calls the coverage transfer as both linked to AML compliance, or “the results of regulatory steering.“