It is vital to ask someone in charge at the casino if there are any notices about chips expiring. If the person can’t verify where the chips came from, the cage can refuse to cash them in. When players go to cash in their chips that are set to expire, cashiers are required by law to ask the player for their identification card to prove they earned the chips from a game. When casinos expire chips, they issue warnings several months in advance because once expired, chips lose their face value. How to Know if Las Vegas Casino Chips are About to Expire When a casino changes hands or is shut down, the chips that were issued by that particular establishment become obsolete. It also required executives of casinos to destroy any older chips with precise rules on how to go about it. This regulation states that chips are the property of casinos and cannot be used as currency. Prior to 1987, the state of Nevada did not have regulations concerning what happened to expired chips, but there was so much fraud and counterfeiting they instigated Regulation 12. The difference, however, is that the casino chip’s expiration date is decided by the bosses of casinos, and those dates could range from months to decades after their issue. Casino chips are like any other commodity they expire.
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