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Man Can’t Cash $60K Poker Chips From Shuttered Atlantic City Casino

Editor by Editor
April 13, 2025
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A New Jersey man acquired horrible information as he realized that his practically $60,000 of previous poker chips from a defunct Atlantic City Casino had been not redeemable.

The man had bought the chips in a web-based public sale and attempted to cash them with the state Treasury Department’s Unclaimed Property Administration.

The 389 particular person chips got here from the Playboy Hotel and Casino, which operated in Atlantic City from 1981 to 1984.

According to a report from the New York Post, the administration exists, and chips are transferred to it for conditions like this. However, it’s unlikely that anybody anticipated a redemption try over 40 years later.

The chips had been price $59,500, a pleasant boon for the person after he bought them from a web-based public sale with out understanding their supply. The quantity he paid for the chips within the public sale has not been disclosed.

After an intensive investigation over two years, the New Jersey State Police finally decided that the chips not held any worth. At its closing, the on line casino employed an organization to destroy the chips.

But a former worker pilfered a number of containers of unused chips round 1990 and put them in a financial institution deposit field, therefore the supply of those public sale chips.

The worker who pilfered the chips declared chapter round 2010 and claims he forgot about them for years. The financial institution the place the chips had been saved opened the field and confiscated them, which is how the public sale home got here into contact with them and finally gained possession.

The man’s declare for the cash was rejected in June 2023, however he appealed the choice, which led to a drawn-out choice that lasted till April 1, 2025. Ultimately, his enchantment was rejected, ending the person’s dream of receiving the additional $60K.

 

 

 





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