Armed Robber Grabs $1.5M from Bellagio Craps Table

by Libby Zay 
Posted Dec 15th 2010 10:01 AMUpdated Dec 15th 2010 10:33 AM

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An armed robber walked into the Bellagio Tuesday morning and demanded money, walking away with an estimated $1.5M in chips.

The bold move may seem like it paid off, but the robber's stolen stash contained several $25,000 chips that are rarely given out and closely monitored by casinos.

"It's not like they're currency that you can use anywhere. If you steal so many chips, in such a big, dramatic way, there's going to be a lot of scrutiny at the casino, and that makes it very difficult to cash in," says David Shwartz, director of gaming research at the University of Nevada, Las Vegas, to the Las Vegas Review-Journal.


The holdup occurred at 3:50 a.m., shortly after the culprit parked his motorcycle at the north valet entrance of the casino. Still wearing a white, full-face motorcycle helmet and leather jacket, the man approached a nearby craps table, demanded and received chips, and then fled the casino with his loot.

No one was hurt and no shots were fired during the few minutes the man was in the casino--and patrons were not forced to fork over any of their winnings.

According to a report by the Associated Press, the Bellagio is not revealing whether or not the stolen stash is implanted with special identifying chips, a technology that is used by several big casinos.

Tuesday's robbery is the 10th this year in Las Vegas. The man involved in the Bellagio robbery is also a suspect in a similar crime that relieved the Suncoast Casino of $20,000 last week.

Police are reviewing surveillance footage that caught the man on tape, but said the photos reveal little about his identity.

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MICKSNAKE

This serves LasVegas right.When the mob ran Vegas 25 years ago,their was less crime,better food at a much cheaper price,better room rates,and a lot more comp service to REAL GAMBLERS.
Since it became Disneyland and a family operation you are getting less bang for your buck,more pickpockets on the strip,and a guy on a motorcycle robbing the highroller club in a major hotel....I go to RENO......Where you can still find a single deck black jack table...............

December 15 2010 at 8:23 PM Report abuse rate up rate down Reply
CAV44

Getting caught by the authorities probably shouldn't be this clowns number one concern.....if ya know what I mean.

December 15 2010 at 7:46 PM Report abuse rate up rate down Reply
JJ

With the deficit this country is running perhaps he might be do the right thing and drop the chips off at the White House so the folks there can then cash them in to pay off some of our deficit.

December 15 2010 at 7:38 PM Report abuse rate up rate down Reply
Gary

What a stupid D@ckhead !!!

December 15 2010 at 7:32 PM Report abuse rate up rate down Reply
Chad

He could cash them in slowly so it isn't obvious or he could sell them on the black market perhaps. So, I wouldn't be so fast to say he won't 'win" from this act.

December 15 2010 at 7:29 PM Report abuse rate up rate down Reply
Wilbur J. Fricke

This guy is MY HERO! :-D

December 15 2010 at 6:32 PM Report abuse rate up rate down Reply
mel

HELL I NEED A JOB. HIRE ME AS SECURITY AND YOU WONT HAVE TO WORRY ABOUT SOME DIP SHIT IN A HELMET WALKING INTO YOUR CASINO AND LEAVING WITH A SUPPOSED 1.5. TOTAL BS. GO TO THE LITTLE CASINOS LIKE SKYLINE AND THEY WONT LET YOU IN WITH A HELMET. AND YES I AM A RESIDENT OF SIN CITY.

December 15 2010 at 5:10 PM Report abuse rate up rate down Reply
jeff

Those chips were cashed in the same day they were stolen before the casino had a chance to change the style of chips in current use. The larger chips were sold to a whale in play at the time who had already bought a large sum of 25 g chips and just added them to his stack. very slick

December 15 2010 at 4:58 PM Report abuse rate up rate down Reply
Kathy

Can be a punk, drug addict, that stole monies from his family, and now has to repaid the debt before they get wind of it, but how? Can't imagine whatever the reason for this ever so stupid stunt, that anyone would be repaid without doing time for their unsuspecting role in this heist! Truly stupid stunt, unless it's a hazing or gang recruitment that you've made the papers and aren't looking for pay-outs! An award for stupidity, that's what it is! Perhaps an inside insurance caper!

December 15 2010 at 4:53 PM Report abuse rate up rate down Reply
Wildharleyeyes05

This guy is an idiot, and missled, I garentee you there is away to identify those chips and now they are on alert every where. I DOULT SERIOUSLY HE EVER GETS A RED CENT BUT, I RECON HE COULD HAVE SOMEONE ON THE INSIDE. THAT KNOWS HOW TO CASH IT WITH OUT GETTING CAUGHT MAYBE. WHO STEELS CHIPS, I WOULD IMAGIN THEY ARE INSURED.AND HAVE A CHIP INSIDE FOR IDENTY. I CANT SEE HIM GETTING ANYTHING. BUT SOMEONE WILL GET STUPID AND CASH A CHIP IN THEN IT WILL BE OVER. MOST LIKELY WILL BE OVER BEFORE HE EVER TRYS TO DO ANYTHING. I JUST CANT GET OVER THE FACT SOMEONE STOLE CHIPS WHY NOT CASH. HE IS IN A SITUATION THAT HE CANT GET OUT OF.ITS NOT GOING TO BE WORTH IT IN THE LONG RUN.HE SHOULD HAVE THOUGHT IT OUT BETTER.LMAO

December 15 2010 at 4:46 PM Report abuse rate up rate down Reply

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