Wednesday, October 29, 2014

New issue chips for The Linq

The Linq Hotel & Casino has released their own rack of chips on October 29th of 2014.  All Quad chips have been removed from play.

History of Property
It was the Flamingo Capri when Ralph Engelstad purchased the decaying property in 1971. He added buildings and a casino and reopened it a year later. In 1979, he renamed it the Imperial Palace.  Caesars acquired the Imperial Palace for $370 million in 2005.  After 33 years as the Imperial Palace it became The Quad Resort & Casino on December 20th of 2012.  As of October 30th of 2014 it is known as The Linq Hotel & Casino

Same center inlay designs on all denominations

This was the retired design

Friday, October 10, 2014

Sands $1 casino chip for sale

A Sands $1 Las Vegas casino chip from the 1970's is for sale at our ChipWorx WebStore.   Chip was barely used in like new condition.


Tuesday, October 7, 2014

Pioneer Club 25 cent chip sold for $355.77

A New Pioneer Club 25 cent Las Vegas casino chip from the 1950's sold for $355.77 on October 7th of 2014

Thursday, October 2, 2014

New issue Palace Station $2 poker chip

Palace Station in Las Vegas has issued a new $2 poker chip.  It was released in September of 2014.  At this writing the chip is hard to get as the poker dealers are using them as drop chips for the table rake 

Wednesday, October 1, 2014

Revel sold to Hard Rock?

A Canadian asset management company won a bankruptcy court auction for the failed Revel and announced plans to re-open it as a casino. Toronto-based Brookfield US Holdings LLC will pay $110 million to buy the 2-year-old casino that cost $2.4 billion to build, adding it to casinos it owns in Las Vegas (Hard Rock) and the Bahamas (Atlantis).

Atlantic City's Revel closed at 6am on September 2nd of 2014 after failing to find a buyer. Revel opened on April 2nd of 2012

Update November 19th, 2014: Brookfield Asset Management is abandoning its plan to buy the former Revel in Atlantic City,

Sunday, September 28, 2014

New issue Atlantis Reno $1 chips

The Atlantis Casino Resort in Reno, Nevada released a new design $1 casino chip in September of 2014.  It is similar to the chip they released in April of 2013 except the new version is in blue ink


Previous Issue

Tuesday, September 16, 2014

Trump Plaza closes on Sept. 16

The Trump Plaza in Atlantic City closed on September 16th of 2014.  It is the fourth Atlantic City casino to close in 2014.  The Atlantic Club closed in January, the Showboat closed in August and Revel closed earlier this month

Trump Plaza cost $210 million to build
and opened on May 14th of 1984

Monday, September 15, 2014

Margaritaville Biloxi closes on Sept. 15

Margaritaville Casino in Biloxi, Mississippi closed at 10pm on September 15th of 2014.  The Board of Directors of Margaritaville Casino said they have been unable to put together a deal to build a hotel, and that means Margaritaville can't compete in the Biloxi market.  According to CDC Gaming Reports, the owners weren’t able to get the hotel component built because the owners of the land wouldn’t renegotiate the land lease.  The casino opened on May 22nd of 2012.

Friday, September 5, 2014

New issue Westgate LV casino chips

The Westgate Las Vegas Resort & Casino has released their own rack of chips on September 5th of 2014.  All LVH chips have been removed from play.  The LVH was sold and renamed the Westgate Las Vegas Resort & Casino on June 30th of 2014.  Westgate is considering pursuing a gaming license, but for now will keep management of the casino in the hands of the Navegante Group, which specializes in the management of casinos in transition.

History of Property
On January 3rd of 2012 the Las Vegas Hilton was renamed The LVH (Las Vegas Hotel & Casino).  They lost the Hilton franchise after being foreclosed upon

Same center inlay designs on all denominations

This was the retired design

Tuesday, September 2, 2014

Revel closes on September 2nd

Atlantic City's Revel closed at 6am on September 2nd of 2014 after failing to find a buyer in bankruptcy court.  It is the third of four Atlantic City casinos to shut down this year as the Atlantic City gambling market continues to crumble. Revel opened on April 2nd of 2012 and cost $2.4 billion.

Sunday, August 31, 2014

Showboat AC closes on August 31

The Showboat Casino in Atlantic City closed on August 31st of 2014. Caesars Entertainment runs Showboat and three other Atlantic City casinos (Bally’s, Harrah’s and Caesars).  The casino was profitable but Caesars Ent. wanted to stabilize their business in Atlantic City which has been struggling. No future plans for the property have been announced. This follows the closure of their Harrah's Casino in Tunica Mississippi which sits empty now.

Las Vegas-based Showboat Inc. opened the property with 516 hotel rooms and a 60,000-square-foot casino in March 1987 at a cost of $235 million.  In 1998, Showboat Inc. was acquired by Harrah’s (now Caesars) Entertainment for $1.2 billion.