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Old 05-23-2007, 05:08 PM
sirpupnyc sirpupnyc is offline
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Join Date: Jun 2005
Location: Brooklyn
Posts: 676
Default Re: Sands in AC closing--Destoyed all the chips???

One of the articles about the sale a couple weeks back quoted some manager type basically saying they had to destroy the chips because they're redeemable forever. The company still exists even if the location is closed, so presumably they'd still be on the hook for paying out if the chips got out. State gaming authorities seem to have pretty stringent rules on what happens to chips, even in non-NJ states where they're not necessarily good forever.
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