Chips

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However, financial losses due to counterfeit chips are usually minor, and few perpetrators get away with it, enterbet said. Perhaps that's why the enterbet has found a dual purpose for the high-tech chips: The casino is also using the chips to help account for the chips they issue on credit to players, since managing credit risk is a huge part of any big casino's operations. The enterbet plans to take note of the serial numbers of the chips they lend and of the name of players who cash them in.

The casino industry is just the latest to find new uses for technology. Retail chains, are using it to monitor merchandise. Libraries are incorporating it into book collections to speed checkouts and re-shelving. The United States and other nations are incorporating it into passports to catch counterfeits. One company even offers free chips linked to their medical records to ensure they receive proper medical care.
In casinos, RFID technology is still relatively rare and in search of a killer application to spur adoption. Yet some tech-savvy casino executives envision RFID transforming the way they operate table games, including blackjack, craps and roulette, over the next four or five years. For one thing, there's the counterfeiting problem, on which there is scant data. The Nevada Gaming Commission gets about a dozen complaints every year related to counterfeit chips.
Betting chips are getting a high-tech RFID makeover designed to deter counterfeiting and misbehavior at the tables.
Despite this, RFID technology is still relatively rare in casinos--until that killer application arrives.
"Security-wise, it will be huge for us," Doptis said.The technology behind these chips is known as radio frequency identification, or RFID, and it's been used for years to track livestock, enable employee security badges and pay tolls.