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Fancy A Splurge: Try a $10 Million Gaming Chip

“A chip approved for use at the new $1 billion Aladdin Resort & Casino in Las Vegas will carry a face value of $10 million -- believed to be worth more than any other chip in the history of gambling -- when the famed Las Vegas Strip's newest monument to excess opens on Aug. 17.

“The gimmick is the brainchild of London Clubs International which owns 40 percent of the desert-themed resort and controls four of its seven board seats.

“The chip, or plaque as it's formally called, is rather nondescript despite the astronomical sum attached to it, according to those who have seen it.

“…A spokesman for the Nevada Gaming Control Board confirmed the amount is the largest for the state in recent memory, and likely in Nevada history.

”…Aladdin must still provide the Control Board with a replica of the plaques before final approval is granted, according to the spokesman.

“…And does the Aladdin worry about forgeries?

“`If this is given to somebody, we're going to know the name of the person, that's for sure,’ Timmins said. But that shouldn't be a problem, he added, since only one plaque is being made.”

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