TITO in Phoenix

[MarkInAz]

Ever spend some quality time at the casino, playing the different machines and as you leave you just tuck that ticket in your wallet for later.  Let me tell you, you will be sorely supprised if you leaving your wallet in the car the next day and you had a VERY good evening the night before.  Lucky for me my evening was on par.  

[brichter]

Thermal paper, huh? At least you didn't lose the farm...

[jdkmunch]

I think they expire too.

I have a couple from Stardust around here.

[jay]

Here in Canada they can't expire. Albiet the thermal paper if used would cause an issue in proper validation.

They passed a law pertaining to gift cards that prohibit them from expiring or being reduced in value for non-use. The only way to invalidate them now is to go out of business. Anyways this impacted slot vouchers and other "held" forms of value.

[StatFreak]

Here in Canada they can't expire. Albiet the thermal paper if used would cause an issue in proper validation.

They passed a law pertaining to gift cards that prohibit them from expiring or being reduced in value for non-use. The only way to invalidate them now is to go out of business. Anyways this impacted slot vouchers and other "held" forms of value.

Which is as it should be. Since when does a casino have the right to invalidate a gambling debt? They are legal obligations in the state of Nevada; I would hope that someone would sue the casino industry at some point to challenge this practice. (I guess it will have to wait until some drunk or idiot forgets to cash out a really large-valued ticket.) Taking home a ticket voucher is no different than taking casino chips home and bringing them back on a subsequent trip. Personally, I don't think that the casino's BS about having to maintain a large database of unclaimed tickets would hold up in court.

There's a reason that casino chips are called Cheques (checks) by employees: they are legal obligations to pay. When you go to a gaming table and buy in, the dealer will call out to the pit boss, "Check change one-hundred (or whatever $$)." A lot of people think that the phrase means, "Come over here and check to make sure that I'm making the right change." Not true. It means, "I'm changing $100 in casino cheques." That's why they used to call out, "Money plays one-hundred," and not, "Check money plays one-hundred," before the IRS stuck their nose into things and forbade betting currency.

[jay]

I have heard that they can invalidate older casino chips too.
Too easy to counterfit I guess.....

Harder to come up with phony TITOs that have a uniqe serial number that pre-exist in the database for the amount indicated on the ticket.

[StatFreak]

I have heard that they can invalidate older casino chips too.
...

I've never tried to redeem an 'obsolete' chip from an extant casino, but you might be right. Of course, it usually takes many years for a chip to become old enough to be in this category.

The next time I go to Lake Tahoe or Reno I'll take a couple of chips with me and ask if they would be willing to redeem them. (I wouldn't redeem them in any case since they are worth much more than face value as collector's items and since I wouldn't want to part with them.) I wonder if they would cite changes in ownership as a reason not to honor them?