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Casino Robbery


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#1 pepper

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Posted 14 December 2010 - 09:18 PM

"...the robber, who struck at 3:50 a.m., acted quickly and may have made off with about $1.5 million in gambling chips."


I understand that the chips were backed by the dollars of those who may have had them in play at they table, but how the heck are they worth anything once they're removed from the casino? How could they be traded (laundered) for cash?

http://www.aolnews.c...lagio-in-vegas/

"If you just walk up to the cashier’s window and try to convert your chips into currency, the casino will immediately wonder where you got them, given that you haven't been seen playing at any of the tables. If you sit down and play a few games first, whether cards or roulette or anything else, there comes a point when you'll have to add your fake chips to whatever stash has come your way legitimately. Think about this. You are literally surrounded by live surveillance cameras, and you've got trained security officers and professional croupiers watching your every move. How are you going to get the fake chips on the table? And even if your sleight-of-hand skills are such that you're able to do it, you're still not going to have an easy time at the cashier’s window. If you're cashing a lot of high-value chips, the casino is going to find you interesting, and that’s not good for you. They may even invite you to step into a back room for a quiet chat about your luck and the chips you've just attempted to cash. Good luck with that."

http://www.straightd...it-casino-chips

How could this work for the thief? I'd say those chips are worthless pieces of plastic. Any ideas?

#2 DadM

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Posted 14 December 2010 - 09:25 PM

I suspect the thief is working for Maryland's Horse Industry.......maybe they'll try to stay afloat on their luck at Arundel Mills??

#3 Evil Yoda

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Posted 14 December 2010 - 09:38 PM

He works with a bunch of other people; unless the chips are RFID tagged there's no way to know whether they were purchased at that visit or brought in. And it's not illegal to bring in chips, anyway - people sometimes have a few left over when they decide they're done for the day.

Nevertheless, they'll find this guy dead, looking like a car hit him, with Bellagio chips stuffed in his mouth. Just don't less with the mob; it won't end well.
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#4 pepper

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Posted 14 December 2010 - 09:57 PM

He works with a bunch of other people; unless the chips are RFID tagged there's no way to know whether they were purchased at that visit or brought in. And it's not illegal to bring in chips, anyway - people sometimes have a few left over when they decide they're done for the day.

Nevertheless, they'll find this guy dead, looking like a car hit him, with Bellagio chips stuffed in his mouth. Just don't less with the mob; it won't end well.


The chips are either numbered or embedded. They're like marked bills. I don't see how they could be passed. As for the mob, I don't think it's like the DeNiro/Peschi movie anymore. These casinos are super regulated by the gamimg commision, and they already make a killing as legit businesses. Theres little benefit in playing the mob role, which would draw unwanted attention. Killing a guy and stuffing chips in his mouth sounds cool, but this loss likely means little in the big picture. The retaliation you suggest would be incredibly stupid and obvious.

#5 baltbob21206

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Posted 14 December 2010 - 11:55 PM

And thus, reality TV lives and prospers on.

Can you say, double ahhh, errr revalued tax???
Note the movement from A to B of many.....
(A being NY esp NYC to say, CT)

Youse on da left, wake up, youse is losing not money but more, momentum
And youse being twigs and berries folks...

Wait, is that what they call chips today?
No guts to say, bend over and give it up
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#6 WaccoForFalco

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Posted 15 December 2010 - 12:07 AM

the chips are marked for what they are worth, they are not indiv. tracked or marked, so they would have no idea if he would be playing with stolen chips. He also stole them from the bellagio, A HUGE casino. he could walk in in 2 weeks and sit down with 2 k chips and play if he wanted they would never know, with all the people there are in that casino they arent gonna remember if they saw some guy befor whos playing low limits, then from there he cashes a little at a time. They wont think nothing of it if he cashes 10K chips every once in a while. you can come in and leave with your chips as you please. or he can take them to a strip club and give them to strippers. in all no way he gets to cash the 1.5 million but if hes smart theres no doubt he can get 10s of thousands of dollars out of it

#7 Zovek

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Posted 15 December 2010 - 12:34 AM

All the MGM resorts have RFID's in the chips. They can be tracked. I don't know how well. The casinos can tell you how much money is bet at any one time at any table just by the RFIDS.

Do you guys remember when Jose Vigoa a Soviet trained Special Forces Cuban guy robbed 5 casinos and killed a couple of people? He came over in the Marielito Boat lift. He moved to Las Vegas. He realized that the Casino Security guys weren't allowed to carry guns. The casinos kept his wave of robberies hush hush because they didn't want the negative attention.

http://casino.bodog....ind-239483.html

#8 microg

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Posted 15 December 2010 - 08:57 AM

the chips are marked for what they are worth, they are not indiv. tracked or marked, so they would have no idea if he would be playing with stolen chips. He also stole them from the bellagio, A HUGE casino. he could walk in in 2 weeks and sit down with 2 k chips and play if he wanted they would never know, with all the people there are in that casino they arent gonna remember if they saw some guy befor whos playing low limits, then from there he cashes a little at a time. They wont think nothing of it if he cashes 10K chips every once in a while. you can come in and leave with your chips as you please. or he can take them to a strip club and give them to strippers. in all no way he gets to cash the 1.5 million but if hes smart theres no doubt he can get 10s of thousands of dollars out of it


I'd think the casino would recognize someone who had previously stolen 1.5 million in chips. It would be best if he never walks in there again.

#9 TheIcon

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Posted 15 December 2010 - 09:01 AM

I'd think the casino would recognize someone who had previously stolen 1.5 million in chips. It would be best if he never walks in there again.


He had his motorcycle helmet on apparently. So unless a guy comes in and plays some games of craps dressed like Airwolf I doubt they will notice :)
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#10 ivanbalt

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Posted 15 December 2010 - 09:17 AM

Ocean's 1

#11 Duke of Earl

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Posted 15 December 2010 - 09:23 AM

There's a hole in the desert waiting for this fool. He won't be quite dead when they put him in it.

#12 doglover

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Posted 15 December 2010 - 11:42 AM

Ocean's 1

Do you mean Oceans 11? ;)


The guy isn't very bright. Those stolen chips are basically useless.

The only difference between dreams and reality is purely desire.


#13 ivanbalt

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Posted 15 December 2010 - 11:53 AM

Do you mean Oceans 11? ;)


The guy isn't very bright. Those stolen chips are basically useless.


No I mean 1 since one guy (reportedly) robbed the casino not 11 or 12 or 13.

#14 doglover

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Posted 15 December 2010 - 11:56 AM

No I mean 1 since one guy (reportedly) robbed the casino not 11 or 12 or 13.


Thanks for clearing that up! :)

I thought it was a typo. :o

The only difference between dreams and reality is purely desire.


#15 The Eternal White Belt

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Posted 15 December 2010 - 11:57 AM

Do you mean Oceans 11? ;)


The guy isn't very bright. Those stolen chips are basically useless.


I highly doubt they are useless. I am sure he will get quite a large sum of money for them.

#16 SunsetSue

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Posted 15 December 2010 - 12:06 PM

Ocean's 1


I wondered if he was driving a SWAT truck when I heard this yesterday.

#17 SunsetSue

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Posted 15 December 2010 - 12:14 PM

Ocean's 1


I wondered if he was driving a SWAT truck when I heard this yesterday.

#18 SemiAuto

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Posted 15 December 2010 - 01:12 PM

How could this work for the thief? I'd say those chips are worthless pieces of plastic. Any ideas?


A fence. An inside partner. If this is the same guy who did the Dec 9th robbery then chances are he has a plan for the chips.

Still, casinos can be a bit on the disreputable side if they don't like you. Running off with $1.5 million in chips probably puts him at the top of the 'do not like' list. With that in mind, I'll wager the chips are found and the robber is not.

#19 SemiAuto

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Posted 15 December 2010 - 01:30 PM

The fence buys the chips for 20 cents on the dollar. That costs him $300,000. The fence then divides the chips up into $5000 lots. This will give him 300 lots. The fence rounds up some of his unsavory friends and makes a deal with them. He'll give them $5000 in chips to take to the casino with the understanding that they can't loose more than half of them. Once they are done with their day at the casino they cash the chips in and have to return to the fence with $2500. Anything else they get to keep. As long as this works the fence turned $300,000 into $750,000 dollars. The point behind the small lots is to avoid the 'big winner' suspicion. It may take a month to clear the chips but the profit is $450,000. Not a bad pay day.

If you have someone on the inside then this works even better. You just have your unsavory friends cash in the chips in small lots. Since they're small lots, and your guy is doing the cashing, then it probably won't raise suspicion.

As long as you don't get caught. If the casino knows the RFIDs of the chips, provided the chips have them, then they could be flagged. The second you play or cash one a big burly guy takes you to the back room for a 'talk'.

#20 SemiAuto

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Posted 15 December 2010 - 01:49 PM

I'd take a look at the casino too. Las Vegas has been in on some rough times of late. So the owner hires a robber to run off with some chips. Security is told to go powder their nose. He does his smash and grab and runs off with the chips. He then destroys them. The robber and chips are never found and the casino writes off $1.5 million.




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