While some casinos (such as the Hard Rock Hotel in Las Vegas) which installed the receipt system had kept the $1 tokens around for use as $1 chips, most other casinos using the receipts had simply scrapped the tokens entirely. Many casinos have eliminated the use of metal tokens (and coins) in their slot machines, in favor of paper receipts or pre-paid cards, which, while requiring heavy infrastructure costs to install, eliminate the coin handling expenses, jamming problems encountered in machines which took coins or tokens and can allow more game-specific technology in the space of a machine which would usually be dedicated to coin mechanisms. Lastly, the chips are considered to be an integral part of the casino environment, and replacing them with some alternate currency would be unpopular. A more pragmatic reason for casinos using chips in place of cash at table games is to discourage players from grabbing back their bet and attempting to flee should their bet not win, because chips, unlike cash, must be redeemed at the casino cashier and have no value outside the casino in question. The uniform weight of the casino's official tokens allows them to weigh great stacks or heaps of chips rather than tally them (though aids such as chip trays are far more common.) Furthermore, it is observed that consumers gamble more freely with replacement currencies than with cash. This attribute also enables the pit boss or security to quickly verify the amount being paid, reducing the chance that a dealer might incorrectly pay a customer. Because of the uniform size, shape, and patterns of stacks of chips, they are easier to tally compared to currency. Generally they have no value outside of the casino, but certain businesses (such as taxis or waiters-especially for tips) in gambling towns may honor them informally. The tokens are interchangeable with money at the casino. Money is exchanged for tokens in a casino at the casino cage, at the gaming tables, or at a cashier station. ( March 2018) ( Learn how and when to remove this template message) Unsourced material may be challenged and removed. ![]() Please help improve this section by adding citations to reliable sources.
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