Future of Paulson Fantasy Sets (3 Viewers)

[Hobbyphilic]

Reality can be so boring sometimes.

Obviously it is multifactorial as MBAs are VERY interested in 3% growth, even half a percent (remember GPIC's trailing 12 mo revenue is 82.49MM across all industries).

We just need to wait and see. Maybe all it would take is a two second break in the continuous stream of casino orders.

Meanwhile, I vote we get one of the Mormon twins to go down to Mexico and get a job in the factory....

 

[Skeeter]

Sex for Paulsons. Where do I sign up?

I'm in. I mean...what?

 

[dennis63]

Does @dennis63 /Key West have a gaming license?

Actually, no.

I originally tried to obtain a state license to sell chips under the name "Key West Resort & Casino," but the State of Delaware would not allow it. (There was a brief panic in the state office where the license application was filed.) I had to pick a "second choice" company name in a hurry, and chose Continental Card & Game Company.

The company is registered with the federal government as a retailer of gaming devices -- one of the conditions needed to keep things like roulette wheels or gaming tables outside a licensed casino without breaking any laws.

I looked into a gaming license once. Getting one would take tens (if not hundreds) of thousands of dollars, extensive work by many, many attorneys, and -- get this -- you pretty much need to already own casinos elsewhere. (Cuts down on the competition for the few well-connected families who own the state's three casinos, but wouldn't bar a company like Caesar's Entertainment from getting in the game.)

That said, I doubt anyone who has done all the work necessary to get a license would risk offending GPI by buying chips for us.

 

[Skeeter]

Actually, no.

I originally tried to obtain a state license to sell chips under the name "Key West Resort & Casino," but the State of Delaware would not allow it. (There was a brief panic in the state office where the license application was filed.) I had to pick a "second choice" company name in a hurry, and chose Continental Card & Game Company.

The company is registered with the federal government as a retailer of gaming devices -- one of the conditions needed to keep things like roulette wheels or gaming tables outside a licensed casino without breaking any laws.

I looked into a gaming license once. Getting one would take tens (if not hundreds) of thousands of dollars, extensive work by many, many attorneys, and -- get this -- you pretty much need to already own casinos elsewhere. (Cuts down on the competition for the few well-connected families who own the state's three casinos, but wouldn't bar a company like Caesar's Entertainment from getting in the game.)

That said, I doubt anyone who has done all the work necessary to get a license would risk offending GPI by buying chips for us.

Well...damn.

 

[MD Mike]

Reality can be so boring sometimes.

Obviously it is multifactorial as MBAs are VERY interested in 3% growth, even half a percent (remember GPIC's trailing 12 mo revenue is 82.49MM across all industries).

We just need to wait and see. Maybe all it would take is a two second break in the continuous stream of casino orders.

Meanwhile, I vote we get one of the Mormon twins to go down to Mexico and get a job in the factory....
View attachment 85367

Our best bet might be to sneak across the border to Mexico and get a job in the factory where they make the chips and slowly palm a couple each day until we have a respectable supply.

Who's in?

 

[Skeeter]

Our best bet might be to sneak across the border to Mexico and get a job in the factory where they make the chips and slowly palm a couple each day until we have a respectable supply.

Who's in?

I was willing to have sex for some, so I'm down. Gotta live life to the fullest!

 

[Hobbyphilic]

I was willing to have sex for some, so I'm down. Gotta live life to the fullest!

Not to be rude, but well, here goes. I think this might work NOT how you are thinking.

You to vice president of operations GPI, "I'll sleep with you for chips!"

VP of operations, "Umm.. I'll give you some, here, just don't ever come near me again."

You, "Meh, whatever works."

 

[Skeeter]

Not to be rude, but well, here goes. I think this might work NOT how you are thinking.

You to vice president of operations GPI, "I'll sleep with you for chips!"

VP of operations, "Umm.. I'll give you some, here, just don't ever come near me again."

You, "Meh, whatever works."

I don't see a problem.

 

[Hobbyphilic]

It just occurred to me if casinos put a stop to the GPI consumer line, casinos could monopolize these sets. Not sure I'm making that idea clear.

The casino controls the design, they could even use a GPI non-Paulson chip with a heritage or house inlay/branding. Then release them in their gift shops. It wouldn't be cheapening the brand because they would sell them for whatever they want, say, $2/chip, and full control of the house brand. Why wouldn't they do that? It seems like it would generate more revenue than those 'shot' face card decks. They used to (probably still do) sell commemorative chips from the cage - like Wynn Chinese Zodiac chips. Only difference is these would probably have to be marked NCV. Hello gear labels!

 

[rowlin]

Even if GPI was cool with selling to plebes like us, can you imagine trying to reach a consensus among this community for the colors and spot patterns?

 

[BGinGA]

Why wouldn't they do that?

Because in most cases, the governing gaming commission will not allow it.

 

[upNdown]

First things first. Gather everybody in the top floor conference room to discuss mold. Everybody in favor of RHC gets defenestrated.
Now, down to business . .

 

[kk405]

Because in most cases, the governing gaming commission will not allow it.

+1. The Borgata tournament chip scandal may be a wrong example,and as much as I wish I were around to buy Paulson chips at less than a dollar/chip and yearn for those years to come back, I do think from a business and legal stand point it makes sense for the suppliers of casino chips not to sell into the consumer market.

Let's just move on and go back to overspending and overpaying

 

[Hobbyphilic]

Yeah, I am no good at concise explanations. Here is what I am proposing.

GPI starts a new company under the umbrella called Tourist and Trade Poker Chip Company - TTPCC (or WHATEVER). They make, using some arbitrary formula like a BCC material, a chip under strict casino/regulatory body supervision.

On the inlay - NO CASH VALUE - around edges. Center has an advertisement with NO denomination.

I'm make a quick mock up - Just imagine some house mold, different colors for different years/advertisements - you get it.

Would the regulatory bodies permit this in a gift shop? Stack for $40? $3/ea? Tourists love them, enthusiasts relabel them. Not ideal, but a win win in my book.

 

[mummel]

I think @MD Mike 's sex for Paulsons solution would have a higher probability of success.

 

[BGinGA]

Would the regulatory bodies permit this in a gift shop?

Probably. However.....

GPI starts a new company under the umbrella called Tourist and Trade Poker Chip Company - TTPCC (or WHATEVER). They make, using some arbitrary formula like a BCC material, a chip under strict casino/regulatory body supervision.

None of ^this^ is ever gonna happen. For starters, GPI won't use regulated facility and materials to produce non-regulated chips. They've been pretty clear on this point. As for them starting a separate company to do this, lololololololol

About the best you can hope for is that the casino gift shop sells dice chips with the casino name on 'em..... and probably attached to a key ring, for around a buck each. And some already do exactly that.

 

[Blaster]

Probably. However.....


None of ^this^ is ever gonna happen. For starters, GPI won't use regulated facility and materials to produce non-regulated chips. They've been pretty clear on this point. As for them starting a separate company to do this, lololololololol

About the best you can hope for is that the casino gift shop sells dice chips with the casino name on 'em..... and probably attached to a key ring, for around a buck each. And some already do exactly that.

Yes, & also, I doubt that casinos are really going to have masses regularly in the gift shop by selling overpriced poker chip sets, and there's actually an immeasurably microscopic tiny market for people that are willing to buy these overpriced $3 clay chips, then pay even more to drill off the real inlays just to replace them with stickers...
I would think GPI, if they ever really wanted to re-enter the consumer market, would eventually simply do another run of WTH&C, or National Poker series or whatever, long before the above idea would ever come to pass ...

 

[mummel]

would eventually simply do another run of WTH&C

Those chips are perfect. I can only hope they do.

 

[MD Mike]

Those chips are perfect. I can only hope they do.

I missed the WTHC train. I would love a new run.

 

[Hobbyphilic]

GPI won't use regulated facility and materials to produce non-regulated chips

That's the point, none of this would be manufactured in the same facility as their real casino chips. I think if MGM or Wynn went to GPI with the idea it would happen. Much more likely we'll see heritage sets. So, until then, I'm going to keep dreaming.

 

[Blaster]

That's the point, none of this would be manufactured in the same facility as their real casino chips. I think if MGM or Wynn went to GPI with the idea it would happen...

Sounds very unlikely, even if MGM, The Borgata, Hard Rock & Wynn all wanted some gift-shop chips. GPI would never build out an entirely new facility ( $$Millions in equipment, labor & location) , only to make gift-shop chips similar to their regulated chips, surely at a loss at that point ...

 

[MD Mike]

Are we really that small of a market? I guess so.

You know what I am going to do? I think I will make a site where we can post all the sets and counts we have so we can see how large of a portion of chips we really have

Keeping it up to date will be a nightmare but that's another days problem.

 

[Blaster]

Are we really that small of a market? I guess so.

Think about it, how many members here do you think would actually buy some random non H&C NCV gift shop chip at, say the price of custom CPC's or more, , $3/pop ea, & regardless of color , mold, spot offered, to then also router off the inlay & buy stickers to re-label.. 6 people, 16, 20?, & how many of them may only want a few barrels of 25 cent chips or whatever to mix with another mold set, or some samples....
How many people "outside" this forum would be doing that , 0, 1, 4, 7 ? Having NCV wording and no $$ or value on the chips, & the price, probably severely limits the tourists, non chip fanatics & others from buying, with all the choices they have ... I would think just 1 regular GPI "production run" of these would take years to sell through, so the thought of a new factory just for these is unfortunately a pipe dream ... ...

 

[MD Mike]

:

 

[dennis63]

GPI actually markets to its casino customers that it will never make casino chips for the home market. I guess they mean "never again." They use this as a selling point, and include it in their marketing materials. Casinos are looking for chip security and want to prevent counterfeiting, so exclusivity matters.

GPI also obviously prefers to sell a few million chips each to a handful of casino owners. Make a dozen big VIPs happy and collect tens of millions of dollars, as opposed to dealing with the demands, attitudes, eccentricities and scams of selling to the public. Even my little company has a file called "casino security," with notes about people who've tried to scam me and people I won't deal with for a variety of reasons.

All of us here also suffer from the same sickness. We would gladly pay top dollar for high-end casino chips. We are the exception, really. I know people who play a lot of poker, but they still think paying for dice chips would be extravagant. To them, buying high-end chips would be like playing Monopoly with real money. They couldn't give a crap about the chips. They want to leave with the money on the table.

Maybe we don't realize how few we actually are. Like a good casino, GPI has obviously done the math, calculated the numbers in this market, and gotten out of it. If the public market for high-end chips got big enough, they'd get back in. My fear is that the numbers are going in the wrong direction for this to happen.

And by staying out of the home market, GPI gets a pass on the price issue. We all bemoan the price of high-end customs, but if they did sell us chips, GPI would likely charge more per chip than Classic does now.

 

[MD Mike]

Okay I am going to say this and I don't want to offend anyone here or offend CPC. I loooove CPC chips, I do. What they have done for this community could never be measured in terms of keeping it alive (giving us injections of new customs).

But....

But...

I like the composition of the material that is in the modern Paulson chips.

It's great. It is soft, buttery, ages very well. It just seems better.

If CPC had the same exact composition material in its chips, I would throw all my money into a 10,000 chip order right now. But instead, I am squirreling away a little money at a time for a CPC custom set and letting Paulson and BCC chips that come on this market take priority.

I wish I didn't feel that way.

Is there any way to improve the composition formula for CPC? Maybe but it would cost them lots of money to change.

Could someone else get into the business?

Sure but they would have a huge financial hurdle and then if they were even remotely successful they would be bought out by GPI.

Are we stuck? Is this it? Waiting for casinos to die so we can pick up the scraps?

 

[Blaster]

Okay I am going to say this and I don't want to offend anyone here or offend CPC. I loooove CPC chips, I do. What they have done for this community could never be measured in terms of keeping it alive (giving us injections Compressions of new customs).

I fixed your post

But....But...
I like the composition of the material that is in the modern Paulson chips.
It's great. It is soft, buttery, ages very well. It just seems better.
If CPC had the same exact composition material in its chips, I would throw all my money into a 10,000 chip order right now. But instead, I am squirreling away a little money at a time for a CPC custom set and letting Paulson and BCC chips that come on this market take priority.
I wish I didn't feel that way.
Is there any way to improve the composition formula for CPC? Maybe but it would cost them lots of money to change.
Could someone else get into the business?
Sure but they would have a huge financial hurdle and then if they were even remotely successful they would be bought out by GPI.
Are we stuck? Is this it? Waiting for casinos to die so we can pick up the scraps?

I'm sure many of us have thought ( & probably posted) about the differences in clay between ASM/CPC & Paulson. I don't think anyone was offended by your post, we're all chip fanatics & like to think these things through ......
I wouldn't want CPC to "change" their clay formula ( New Coke", anyone?), however, who knows if it would be feasible or economical to have / eventually offer 2 clay choices, say, Classic & Top.... , also, I'm not sure if the higher heat and pressure would change the finished feel & wear characteristics of the different mixture, or if that would need to be "lowered" as well ..
Another option could be for 'heavyweights, getting at that classic Top Hat 10g number .. It's not a big deal, but many here would probably opt for that choice in customs as well ...
Do the new Paulsons wear just as smooth as the soft lead-added older ones, I believe they do from what I have seen.., & what is currently in Paulsons for weight?

 

[MD Mike]

CPC classic and Crystal CPC....

 

[mummel]

If CPC had the same exact composition material in its chips, I would throw all my money into a 10,000 chip order right now

Word.

 

[upNdown]

Do the new Paulsons wear just as smooth as the soft lead-added older ones, I believe they do from what I have seen.., & what is currently in Paulsons for weight?

I know it's not just me, because I've read other people mention it here too, occasionally, but newer RHC mold chips wear gross. They turn into plastic. Not literally, of course, but they sure seem like that. Check out your Cleveland Horseshoe $5's, and tell me they really feel like the Paulson clay chips you love. I know it's not the mold, because mint RHC's feel perfectly Paulsony. And I don't think it's the clay, because the Cleveland THC ones felt great.
So I don't know if it's a combination of the unleaded clay and some strange quirk of the RHC mold, or if it's all in my head, but they feel like plastic to me.