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12-17-2010, 08:47 AM
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#1 | | I STILL don't get it
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| Bellagio Robbery
http://news.yahoo.com/video/us-15749...gtcHJpY2VoZQ--
Just flew home from Vegas, and saw this on their local news.
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12-17-2010, 08:50 AM
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#2 | | Rider
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he will be caught very quick its almost impossible to steal from casinos in vegas
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12-17-2010, 09:17 AM
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#3 | | Ready to be Man handled by RS!
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| Quote:
Originally Posted by gdoh  he will be caught very quick its almost impossible to steal from casinos in vegas |  | |
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12-17-2010, 09:32 AM
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#4 | | The RS Freebie guru
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Well, it happened three days ago, and he hasn't been caught... yet... but it won't be easy for him to reap the benefits of the heist though, since he needs to cash in the chips.
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12-17-2010, 09:40 AM
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#5 | | 14 dolla balla aint got nothing on me!
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mm wouldnt it be kind of easy to cash in the chips? just cash in a little bit at a time?
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12-17-2010, 09:41 AM
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#6 | | I'm better than you.
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I hate this reporters voice.
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12-17-2010, 09:46 AM
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#7 | | RS.net, where our google ads make absolutely no sense!
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| Quote: The Bellagio Gets Robbed - But the House Doesn't Feel a Thing
At 3:50am this morning, a man in a full-face motorcycle helmet walked up to a craps table at the Bellagio (MGM) hotel-casino in Las Vegas, pulled a gun, and made off with approximately $1.5 million in chips, ranging in value from $100 to $25,000.
However, while the chips were worth seven-figures at 3:50am, at 3:51am they weren’t worth a thing -- and any potential financial damage to the Bellagio is exactly none.
Lt. Clint Nichols of the Las Vegas Metropolitan Police Department told reporters at a press conference that, “The industry has some safeguards in place that make [redeeming stolen chips] extremely difficult.”
Actually, converting a stolen chip into cash is far more than extremely difficult, it is, in fact, nothing short of impossible.
John Kendall, president of CHIPCO International, a gaming chip manufacturer with over 100,000,000 chips in use worldwide, says he was “stunned” when he heard about this morning’s theft.{FLIKE}“I have spoken to the people at the Bellagio, whom I know well,” Kendall tells Minyanville. “And those chips became worthless the moment they left the casino. This guy obviously just did not understand the dynamics of the industry he was attacking.”
For starters, immediately after the robbery, every chip in the house was permanently replaced with a “secondary set” which, according to Kendall, would total around a million at a casino the size of the Bellagio. These so-called secondaries utilize an entirely different design scheme, rendering all previous ones obsolete.
But, even if they hadn’t been replaced, the chips still lose their value as soon as they’re deactivated.
Kendall explains that, in 2005, the Wynn Las Vegas (WYNN) was the first casino to begin using chips embedded with RFID tags, electronic devices that assign a unique identification code, or “license plate,” to each one. Today, RFID technology is in use across the entire industry. While individual casinos are loath to discuss details of their security operations, it’s safe to say that players from the Venetian (LVS) to the Fremont (BYD) have RFID-tagged chips stacked in front of them.
“RFID can void the stolen chips, like a registration that’s no longer valid,” Kendall says. “When we manufacture RFID-embedded chips and send them to a casino, they’re not worth anything until they register the codes. Until then, they’re nothing but freight.”
Generally, chips with a face-value of $100 or higher are inlaid with RFID, but Kendall says a $25 RFID chip is not unheard of.
“A casino can buy an RFID gaming chip for $2.50, so you could theoretically go lower, but no one’s stealing $5 chips,” Kendall says.
“The brain of RFID is a regular silicon chip from one of many different companies -- Texas Instruments (TXN), Intel (INTC), AMD (AMD),” Kendall says. “Each casino chip has a coil antenna inside it, tuned to a certain frequency like a radio in your car. A transceiver sends out a signal, which harmonizes with the capacitor, and can tell exactly where it is. It’s a passive device, so the police can’t track them down, but whoever took them might as well bury them. He may try to fence them to somebody at a discount, but they’re now sort of like a disabled cell phone. The Bellagio doesn’t even have the same chips on the table anymore at this point.”
RFID technology is not only used for security purposes -- it has also turned the tracking of customer behavior, once the purview of pit bosses and floor managers, into a science.
“With RFID, casinos know how long someone’s been playing, what their average bet is, what games they like to play, what kind of drinks they like,” Kendall says. “It really has a lot of benefits to the casino, some more subtle than others -- for example, RFID can tell if a dealer has mispaid a player that’s won.”
RFID technology is in use off the casino floor, as well. The Treasure Island hotel and casino uses RFID-enabled spouts at its bars, to track the amount and types of liquors the bartenders pour.
According to Capton, the maker of the Beverage Tracker system, “whenever a bartender pours a drink, the tipping of the bottle turns on both the tag and the measuring device, allowing the spout to measure the volume of liquor poured (in ounces) before the employee tips the bottle back up. The tag then transmits that information to [an] antenna, attached to the ceiling above the bar.”
”Nobody beats the house in Las Vegas” as the old saw goes, whether it’s in the bar or at the craps table.
As John Kendall says, “The casino business has decades of practice on how to stay ahead of people trying to cheat them.”
| Source: http://www.minyanville.com/businessm.../2010/id/31714
Last edited by Marioo1991; 12-17-2010 at 10:46 AM.
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12-17-2010, 09:57 AM
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#8 | | Willing to sell body for a few minutes on RS
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If Bellagio knows which 25k chips were stolen (report states that they have RFIDs embedded), then expect to get arrested when you cash one in!
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Honest to fucking Christ the easiest way to get a married woman in the mood is clean the house and do the laundry.....I've been with the same girl almost 17 years, ask me how I know. - quasi
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12-17-2010, 11:33 AM
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#9 | | RS has made me the bitter person i am today!
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A man in black and wearing a helmet stormed the Bellagio casino in Las Vegas.
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12-17-2010, 12:42 PM
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#10 | | I *heart* Revscene.net very Muchie
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lol just came back from vegas too. I went to bellagio on 15 and 16 as well and wasn't aware of this at all.
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12-17-2010, 02:10 PM
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#11 | | Zombie Mod
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Well, at least the robber has a balling set of real casino chips to host his poker games, now.
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12-17-2010, 02:23 PM
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#12 | | The RS Freebie guru
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| Quote: |
made off with approximately $1.5 million in chips
| Quote: |
every chip in the house was permanently replaced with a “secondary set” which, according to Kendall, would total around a million at a casino the size of the Bellagio
| I don't get it. An earlier article says he walked up a craps table and took a box full of chips, which supposedly totalled about $1.5M.
But then this article says they replaced every single chip in the house, which totals a million.
Or do they mean a million chips, not a million dollars worth of chips?
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12-17-2010, 02:41 PM
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#13 | | Douchebag Lover
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1 million chips versus $1.5 million
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12-17-2010, 02:53 PM
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#14 | | I Will not Admit my Addiction to RS
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sorry for the noob question, but im not fully understanding how this worked.
after he stole the chips, the casino brought out a different style chip onto the floor, meaning the other style (the ones stolen) were no longer valid.
what about the people playing at the time? (who were still using old style chips). were they forced to cash them in on the spot? or how did this "change" take place?
never been to a casino, so someone enlighten me please ;D thanks!
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12-17-2010, 03:12 PM
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#15 | | Willing to sell body for a few minutes on RS
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Well, it's a news article, so you can bet that a lot of things are either left out, misrepresented, or just plain wrong. Don't forget - casinos hate discussing their security procedures. Quote:
Originally Posted by InvisibleSoul Or do they mean a million chips, not a million dollars worth of chips? | Yeah I think they meant the # of chips was 1 million, not the $ value...
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Do Not Put Aftershave on Your Balls. -604CEFIRO
Looks like I'm gonna have some hot sex again tonight...OOPS i got the 6 pack. that wont last me the night, I better go back and get the 24 pack! -Turbo E
kinda off topic but obama is a dilf - miss_crayon
Honest to fucking Christ the easiest way to get a married woman in the mood is clean the house and do the laundry.....I've been with the same girl almost 17 years, ask me how I know. - quasi
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12-17-2010, 04:00 PM
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#16 | | My homepage has been set to RS
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he can sell the chips off bit by bit on the street for less (ie every $1 in chips sold for $0.75). Alternatively he can cash them in in small amounts, not necessarily in the Vegas bellagio, but at other bellagios (isn't there one in ac?)
and yeah he's done it before and hasn't been caught yet...who knew it was that simple lol
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12-17-2010, 05:31 PM
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#17 | | To me, there is the Internet and there is RS
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| Quote:
Originally Posted by drunkrussian he can sell the chips off bit by bit on the street for less (ie every $1 in chips sold for $0.75). Alternatively he can cash them in in small amounts, not necessarily in the Vegas bellagio, but at other bellagios (isn't there one in ac?)
and yeah he's done it before and hasn't been caught yet...who knew it was that simple lol | I bet they use different chips in the AC Bellagio.
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12-17-2010, 05:52 PM
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#18 | | Rs has made me the woman i am today!
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don't you wash the chips with strippers?
what movie was that in?
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12-17-2010, 06:17 PM
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#19 | | Revscene.net has a homepage?!
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^21
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12-17-2010, 06:47 PM
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#20 | | I bringith the lowerballerith
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he would have a time period where those old chips would be valid to cash in. But, the chips are not playable on the tables. It can only be exchanged for newer chips at the cash register. Thus, once it is scanned, they can determined if those exact chips were on that same craps table at that night.
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12-17-2010, 06:48 PM
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#21 | | The Lone Wanderator
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$1.5m in chip value lost.
1m chips replaced, at about $2.50 each.
...So really, the casino lost $2.5m on a $1.5m theft. Posted via RS Mobile | |
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12-17-2010, 08:15 PM
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#22 | | Ask me about how I answered the question "How fat is TOO fat?"
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| Quote:
Originally Posted by Gumby Well, it's a news article, so you can bet that a lot of things are either left out, misrepresented, or just plain wrong. Don't forget - casinos hate discussing their security procedures.
Yeah I think they meant the # of chips was 1 million, not the $ value... | uh... 1 million chips is easily over 1 million in value, so i'm going to go ahead and assume it was 1.5 million in value
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12-17-2010, 08:33 PM
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#23 | | フルコンボ
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| Quote:
Originally Posted by drunkrussian he can sell the chips off bit by bit on the street for less (ie every $1 in chips sold for $0.75). Alternatively he can cash them in in small amounts, not necessarily in the Vegas bellagio, but at other bellagios (isn't there one in ac?)
and yeah he's done it before and hasn't been caught yet...who knew it was that simple lol | No one is going to buy $25,000 chips off the street.
Lol.
He stole "high denomination" chips.
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12-17-2010, 08:37 PM
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#24 | | WOAH! i think Vtec just kicked in!
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Am I the only one who thought this was referring to Bellagio Gelato on Main St when I read the title?
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12-17-2010, 10:32 PM
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#25 | | I Will not Admit my Addiction to RS
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Originally Posted by KO7 Am I the only one who thought this was referring to Bellagio Gelato on Main St when I read the title? | Yep
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