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May 31, 2005

Casinos bet on the new chip identification

FT.com / Companies / IT - Casinos bet on the new chip identification:
You are one of the casino's most important high rollers. The private jet lands in Las Vegas and a limousine is waiting to take you to a palatial suite where a butler is chilling a couple of bottles of Cristal. Downstairs the casino bosses wait for your arrival.After a personal chef prepares your dinner, washed down with a couple of $2,000 bottles of wine, you go to the tables. At the casino cage, you cash in for $100,000 and start battling against the blackjack dealers. You are winning and every time you make a bet, you slip a few casino chips into your pocket for safe-keeping. Then your luck changes and you can't catch a hand. The money in front of you disappears and you tell your hosts that you have lost your allowance for the night. And then the casino host asks: "What about the $29,500 you have stowed in your pocket? I know you're not busted out. When I gave you the limo, suite and the butler, you promised to play until you won or lost $100,000. Keep playing if you don't want to get downgraded to a normal room."

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Posted by Jay Brewer at May 31, 2005 11:46 PM

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