Nolan Dalla Responds - Page 2

shaniac · #11 03-19-2007, 08:56 PM

The other funny thing is, you can buy into tournaments (and I assume all pit and poker games) using flags, cranberries, or whatever, and they don't do anything to verify the chips' provenance. But when it's time to cash the out, then you have to go through hoops, and in this case they're not even allowing a cashout. Might as well be dealing with Neteller.

The other thing is that I tend to think the Bellagio is a much better place than MGM to try and circulate chips-as-currency, and I imagine if someone tried to give me an 5K MGM chip for payment, I'd probably be like "dude, no."

BeerMoney · #12 03-19-2007, 08:57 PM

Doesn't it seem reasonable for casino's to have policies like this due to things like money laundering?

Why can't he just give the chip back to the guy that gave it to him, or something?

Jooka · #13 03-19-2007, 09:46 PM

[ QUOTE ]
Doesn't it seem reasonable for casino's to have policies like this due to things like money laundering?

Why can't he just give the chip back to the guy that gave it to him, or something?

[/ QUOTE ]

I thought they took the chip from him without compensation of any kind. Check the other thread about this to be sure tho.

Cactus Jack · #14 03-19-2007, 10:11 PM

I thought about writing him, too. Nolan's one of the greats in poker. Great guy all the way around and what happened to him sucked bad. I hope it sends a giant chill through everyone out here, and MGM chokes on it.

I'm surprised The Owl didn't jump all over this one, John. It's not your old time Vegas anymore. No way they'd ever have let this one get out there to the public in the old days. Bad for business, when it seems the casino will screw you every chance it gets.

FyteOn · #15 03-19-2007, 10:27 PM

Nolan also had one of the greatest football betting seasons in the history of handicapping. It was back in the old AOL folder days - I think it was 1996 or '97. It was the most ridiculous year of football betting ever. He and I used to post back and back about games and then finally I just started playing everything he said. He won everything he looked at that year.

The other great time I had communicating with Nolan was the NFC Conf Champ in 2001. By that time we had both moved to Madjack's and he was pounding the under 42 in the game. He and I exchanged many many emails about the game and finally I pounded the game as hard as I ever have. It was 41-0 at halftime. I remember I was so upset. Then the game finished 41-0 and the under cashed. We had a good laugh about that one.

Nolan's a great guy.

pmulry · #16 03-19-2007, 11:30 PM

[ QUOTE ]
The other thing is that I tend to think the Bellagio is a much better place than MGM to try and circulate chips-as-currency, and I imagine if someone tried to give me an 5K MGM chip for payment, I'd probably be like "dude, no."

[/ QUOTE ]

I'd be careful relying on that assumption. Same corporate ownership can lead to one day things being cool at Bellagio, the next day, completely different. I know that the different casinos insist sometimes that they are managed separately and each play by their own rules, but when you're a subsidiary of GigantiCorp, sometimes corporate changes the rules and you don't have a choice anymore.

Last summer I sold a table at the WSOP to a guy (took his deposit, actually) and he paid me with a flag from TI. The cashier at the cage wouldn't cash it, but she called over a floor guy. I told him my story, he was very polite, didn't blink an eye (or even look at my ID), and turned to the cashier and instructed her to pay me and to do it all in hundreds. I don't think I'll take a deposit at the show this year in chips after Nolan's dilemma.

MiltonFriedman · #17 03-20-2007, 06:05 PM

EVERY Nevada licensee has signs posted which expressly say that chips are not valid for use in any monetary manner, other than gambling .... or some wording to that effect.

That this comes as news to Nolan is a bit astounding, inasmuchas he has probably been in Nevada casinos thousands of times per year.

MiltonFriedman · #18 03-20-2007, 06:09 PM

"the Bellagio starts asking questions if you are cashing out 3K or more, so I try to keep the amount below that. So it's a pain in the ass"

They are meeting a Federal requirement concerning cash transactions. It is not done by choice.

If you think that is a pain in the ass, wait until online gambling in the US is legalized and requires the sites to send in a W2G when you win.

whiskeytown · #19 03-21-2007, 02:58 PM

I remember reading a story years ago in one of the MIT blackjack books where something happened on the casino floor and the MGM Grand invalidated all 5K/10K chips cause several tables got overturned and the high denomination chips went flying - (it was some friend of a celebrity at a high stakes table) - in the book, they were told it was company policy to void and make new chips - but they'd vouch for this blackjack player's

the guys had to funnel the chips thru a stripper - who took a cut, but vouch for some of the chips, cause they had so many in their room it would have given away the counting team.

I don't even know what an MGM 5K chip looks like [img]/images/graemlins/smile.gif[/img]

I had my pic taken with him a couple years ago at the World Poker Blogger Tour - I liked his Stuey biography, he liked the shirt [img]/images/graemlins/grin.gif[/img]

MicroBob · #20 03-21-2007, 03:25 PM

[ QUOTE ]
EVERY Nevada licensee has signs posted which expressly say that chips are not valid for use in any monetary manner, other than gambling .... or some wording to that effect.

That this comes as news to Nolan is a bit astounding, inasmuchas he has probably been in Nevada casinos thousands of times per year.

[/ QUOTE ]

But isn't this just an awful precedent to be set though?

Theoretically, if they decided they didn't like me then couldn't they just say, "Can you PROVE that you won these chips 2 nights ago as you claim?"

"Ummm, I was sitting right there. That guy is the same floor-guy. i even used my players-card."

"Your players-card shows no record of how much you had when you left the table sir. And even if we did....there's the possibility that you lost those checks playing something else and then received these checks from another players. So, again, can you PROVE that you actually won these checks at THAT table 2 nights ago?"

They don't give me a damn receipt at the table.
I'm not allowed to video-tape myself showing that I won.
This is a ridiculous standard to have to PROVE that I actually played at the table to win these checks that allows.

Casino can abuse their power fairly easily I would think and pretty much not cash any check for almost anyone.