Atlantic City – Caesars Atlantic City is introducing a new USD 25,000 gambling chip.
The N.J. Casino Control Commission approved the chip Wednesday at Caesars‘ request, although every gaming hall in town can now offer their own USD 25,000 chip.
The USD 25,000 chip replaces the USD 20,000 chip as Atlantic City’s highest-value chip.
At Caesars, the USD 25,000 chip will be decorated with the casino’s signature horse and chariot design.
„We’re the premier place for gaming tables and that’s why we’re doing it,“ said Alyce Parker, a spokeswoman for Harrah’s Entertainment Inc., parent company of Caesars.
The debut of the USD 25,000 chip follows Caesars‘ decision in December to raise its betting limit, per hand, to USD 50,000 to appeal to high-stakes gamblers. Dan Nita, senior vice president and general manager at Caesars, expects the new chip to start showing up at the big-bet gaming tables.
Atlantic City gambling chips now come in denominations of USD 1, USD 2.50, USD 5, USD 10, USD 20, USD 25, USD 100, USD 500, USD 1,000, USD 5,000, USD 20,000 and USD 25,000. Each one has its own color.
The new top chip, however, is chump change compared to the „plaques“ that some casinos use at their gaming tables. The plaques, usually rectangular- or oval- shaped, have a value of up to USD 100,000.
„Have you ever seen those James Bond movies? Well, the plaques are what he uses when he gambles,“ said Daniel Heneghan, a spokesman for the Casino Control Commission.