Re: A Severe Penalty - This hardly seems a fair outcome.
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Something like a plastic transparent bag with a zipper provided by the Casino should fix most of these problems.
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I have not been in a tournament yet, WSOP included (2005) where you couldn't ask either the dealer or the floor for chip racks.
I remember watching Greg Raymer on ESPN for I think the 2005 event, where they are escorting him to his new table (with Mike the mouth there too), and he had a ton of chips many of them in several chip racks.
If you have too many chips to carry in one hand (a problem everyone hopes for I might add), ask for assistance from the floor or the dealer to get them to your new table.
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