Casino Chip Redemption
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Gone are the days of the old-fashioned one-armed bandits. Coinless slot machines are now the name of the game at casinos everywhere, and collecting a jackpot is as simple as cashing out a voucher. But while the system is convenient, not all players find it satisfying. Some longtime gamblers say part of the thrill of playing the slots was the jingle of the coins as they spilled out into the bin. Plus, it's easy to stick that voucher in the back of your pocket and forget that it's there. If you do so, be sure to go back as soon as possible and cash in. Some vouchers have expiration dates, and some casinos won't let you redeem by mail.
No More Coins
Casinos started to change to coinless slots around the early 2000s, due in large part to the advent of multi-denomination machines. Coinless slots mean decreased labor costs, as casinos no longer have to hire slot managers to clean out machines, make a change, and escort players to counting rooms. Players no longer have to lug buckets of dirty coins across the casino floor and wait in line for a cashier to count them. Instead, they insert their voucher into a redemption kiosk and receive their winnings. Players also don’t have to worry about a machine running out of coins while they are cashing out or wait for attendants to fill the hoppers, which can take a long time to do when a casino is crowded.
The Voucher System at Work
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Whether a casino calls their coinless slots EZ-Pay or Ticket In Ticket Out (TITO), they all work the same. Instead of feeding coins into the machine, you feed any denomination of bill into the bill receptor and the machine registers the appropriate amount of credits. You then begin play. If you win, you hit a button and receive a voucher printed with the amount of your winnings. You then redeem this at the cashier's cage or redemption machine.
Drawbacks
When coinless slots were first introduced onto the casino floor, players complained mainly about the difficulty of moving from machine to machine. If they wanted to switch machines they had to take their voucher over to the cashier and convert it back to money to put into the next slot. Fortunately, manufacturers quickly addressed this problem. Today's machines now accept vouchers from other machines as payment. If you are in a hurry when you cash out, you can even just put the voucher in your wallet or purse and use it when you play later.
This, however, can cause a problem if you forget to cash it in before you head for home, especially if you are visiting a casino in another state. Most vouchers have expiration dates—60 or 90 days are most common—which can be a problem if you're playing in a casino while on vacation. While some casinos will allow you to mail in the voucher and receive a check in return, others consider the voucher null and void unless you show up in person.
Because the policy for redeeming slot vouchers varies so much, not just from state to state but also casino to casino within the same state or even city, always check with casino management about their redemption policy.
Casino Chip Redemption Centers
Before You Go
Before you head to your favorite local casino or Vegas hot spot, make sure to check its policy. Even if you should find yourself with a voucher from a casino with a “no-mail policy,” all may not be lost. We advise that you call and ask for a casino host and explain the problem. These hosts want to do everything possible to retain their good players and they may be able to work out a solution for you.
To avoid forgetting the vouchers, make it a point to redeem them as soon as you finish playing. If you want to save them to play later, then make a habit of redeeming your vouchers at the end of the day, before heading to your room. When you get ready to check out of your hotel, make sure take a look in your wallet for any vouchers you may have forgotten.
Denomination: $2 Colors: Light blue / white Trading at: Face value (2) Number minted: 1,643 Number issued: 229 Number available:1,414 Click the chip in order to email your order to us, or clock the Order Form button below and complete the order form to request your Key West 'live' $2 chips. We'll invoice you for the amount due, plus shipping. Your chips will be cashable for face value. | 1. Click the green button to e-mail the casino with your request to redeem your live chips for cash. Please include your preferred form of payment (check or Paypal). We'll respond with instructions on shipping your chips. 2. Ship your chips to the Key West. 3. Receive your payment. We'll issue payment as soon as chips are received, in your preferred form of payment -- a mailed check, Paypal or Key West merchandise. |
A 'live' casino chip -- also called a value chip or simply a cheque -- is one that can be redeemed for its face value in cash at the casino's cashier's cage. The Key West Resort & Casino is not a real casino, but our company will be issuing a limited number of live casino chips which can be exchanged for cash. Each live chip is a real casino chip that acts like a gift card or coupon. They're durable, transferable and refundable, and can be traded back to our company for cash or merchandise. You don't really 'buy' live $1 chips -- you deposit $1 and we give you the chip for as long as you like. Return it, and you get your dollar back, or use it to buy something on our site. $1 live chip issue completed As of Nov. 15, 2020, we've completed our issue of Key West 'live' $1 blue chips, and will no longer offer this chip for $1. If you like our blue $1 chips, you can still purchase them for $1.89 per chips. | The Continental Card & Game Company guarantees to pay the face value of any chip it has issued as a 'live' chip. We'll establish a list of live casino chips, collect their face value when they are issued, and hold the face value in reserve until the chips are redeemed. The list of live chips issued is noted above. The company considers these chips to be on loan to the possessor, and the face value deposit to be collateral against the actual market value of the chip. Redemption of the chip for cash is a refund of the deposit. Redemption of the chip for another Key West item is refund and a new sale. Other Key West Resort & Casino chips not deemed 'live' by our company are not redeemable for cash or merchandise. The Continental Card & Game Company reserves the right to refuse to cash any live chip we believe to be stolen, counterfeit or too badly worn to be reissued. The cost of delivering the chips back to our company is borne by the customer returning the chips, as are any transaction fees, such as Paypal fees. You may receive payment by check, Paypal or Key West merchandise. |
Casino Chip Redemption Center
Ready to order? Click the order form button at right or at the bottom of the page. Complete the form and hit 'submit.' We'll send an invoice you can pay with PayPal or your credit card. |
Casino Chip Redemption Program