Horseshoe Casino chips become worthless Sept 6

Don't Waste Your Money
Posted at 6:03 PM, May 12, 2016
and last updated 2016-06-08 06:11:51-04

UPDATED 6/3/16

Cincinnati's Horseshoe Casino is changing its name.

Everything else about it will remain the same. But if you have any cards or chips at home, you need to act soon, or you could end up losing money.

The new owners, Jack Entertainment, have announced customers have until Sept. 6 to play or trade-in Horseshoe chips, or they "will expire and have no value."

You can turn them in for cash if  you do not wish to play them

.New Signs Are Up

The signs are already up outside Cincinnati's Horseshoe Casino, proclaiming the name change coming on June 8th.

The name is changing for legal reasons after its recent sale, even though customers we spoke with said they prefer the old name.

"Horseshoe sounds better," one woman told us. "Why not just leave it the Horseshoe Casino?"   

But like it or not, it all changes next month.

Cleveland's Horseshoe Casino just changed to Jack this week, and workers had to replace signs, 30,000 playing cards, and 400,000 plastic chips.

Check Your Coin Jars, Drawers

Now here's why that name change could cost you money.

If you are one of those people who takes a few chips home and sticks them in a drawer, you'll want to trade in those chips sooner rather than later, or they will eventually become worthless.

The reason: Old chips and tickets will no longer work.

  • You will have just 90 days (three months) to exchange your chips.
  • Slot machine tickets will be valid for six months.

After that, they become worthless.

So if you come only a few times a year, check your drawers and coin jars for chips.

And start getting used to the name Jack, even if it still feels strange.

That way you don't waste your money.

Don't Waste Your Money is a registered trademark of the EW Scripps Co.

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