There's no problem so big, that a natural nine can't solve.

It's about time....

Published Saturday, April 05, 2008 by baccarat_king

Just in case a few folks out there were losing sleep.....

Atlantic City casinos will have a new casino chip!

ATLANTIC CITY, N.J. (AP) - It's enough to pay for a decent car, a wedding, or a year at Rutgers University, with some money left over for beer.

And it fits in the palm of your hand.

Atlantic City's casinos are getting a new gambling chip worth $25,000 for high rollers.

The state Casino Control Commission approved the new top-value chip Wednesday. The gold chip edges the yellow chip, which at $20,000 apiece is now the second-highest chip denomination.

This is going to join the current ensemble of AC casino chips in denominations of $1; $2.50; $5; $10; $20; $25; $100; $500; $1,000; $5,000; and $20,000.

New Jersey is known for very consistent regulation of casino chip colors --- so, you can count on the colors (basically) matching the denomination at any of the properties. For example, purples are always $500 and oranges are always $1000.

For a long time, plaques (very James Bond) have been the staple of high-roller (whale) currency. Bond wins $65,000 playing craps in Diamonds are Forever
and if you look closely, they use high denomination plaques at the dice table when Bond buys in.

Actually, there are two non-chip varieties of casino currency :
jetons which are round acrylic pieces
and
plaques which are rectangular, or square acrylic pieces.

A good example of a baccarat plaque is this one used many years ago at the Sahara.

Currently, you would be hard pressed to find any plaques in use that are in denominations below $10,000. More commonly, they are in denominations that exceed $20,000, such as this Trump Taj Mahal Plaque.

Seems that players really prefer the convenience of chips, which explains the decision for the $25,000 chips by the Atlantic City gaming commission. This also coincides with the decision by Caesars Atlantic City to raise their maximum bet to $50,000 per hand. There are still plaques available for bets of $50,000 or $100,000 per hand, though, I honestly am not certain which properties in Atlantic City raise to these limits. "Alyce Parker, a spokeswoman for Harrah's Entertainment Inc., which operates four casinos in Atlantic City, including Caesars, said the casino has been using $50,000 and $100,000 plaques for its top customers for the past 10 years." In Vegas, this is a more common situation; and Wynn, Bellagio and Caesars all have chips in the $25,000 range (and above).

Labels: atlantic city, chips, diamonds are forever, harrah's, james bond, las vegas, plaques

2 Responses to “It's about time....”

Anonymous on 7:07 PM

$25k casino chip.. wouldn't mind a few of those in the hand.

Interesting observation about "the decision by Caesars Atlantic City to raise their maximum bet to $50,000 per hand."

Makes it easier for high-rollers to bet. Makes sense.
baccarat_guy on 7:22 AM

Yes, I just don't get the inconsistency of the comments by Caesars AC with regard to the maximum bet afforded their high rollers. How can they have raised the bet to $50K, when they have also had plaques of this amount (and higher) for years.

Oh well, I guess the whales and the casino properties don't like to discuss their Über betting patrons.

Smart Baccarat

It's about time....

E-mail this post

2 Responses to “It's about time....”

Previous posts

Tie Bets

Friends Linkage

Archives