After Heist, Bellagio Kills the $25K Chip

Thief will likely have a hard time cashing in
By Evann Gastaldo,  Newser Staff
Posted Dec 30, 2010 8:27 AM CST
This surveillance video frame grab shows a bandit wearing a motorcycle helmet during an armed robbery Thursday Dec. 9, 2010 at the Las Vegas Suncoast Casino.   (AP Photo/Las Vegas Metropolitan Police Department)

(Newser) – The Las Vegas motorcycle bandit who made off with $1.5 million in casino chips may not be able to cash them in himself, but he did accomplish one thing: making life difficult for a lot of high-stakes gamblers. Thanks to the thief, MGM Resorts—which owns the Bellagio, scene of the crime—is discontinuing its $25,000 chip, the AP reports. Chips are often discontinued for slightly less exciting reasons, but casinos must give ample notice: In this case, anyone holding the chips has until April 22 to redeem them.

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