Video: Casino-chip heist caught on video

  1. Transcript of: Casino-chip heist caught on video

    ANN CURRY, anchor: And also apparently it doesn't take " Ocean 's_Eleven" to rob a Las Vegas casino. This one-man bandit made off with at least $1.5 million worth of chips from the Bellagio . He demanded the money at gunpoint and made a swift getaway on his motorcycle. But as you point out, Matt , those chips need to be redeemed at some point, so there you go.

    MEREDITH VIEIRA, co-host: Hm.

    CURRY: Who knows.

    VIEIRA: Hasn 't he done this before, too?

    CURRY: Well, there is a report, and it's still kind of sketchy, so we didn't mention it earlier, but...

    VIEIRA: Oh.

    CURRY: ...there is a report that he may have had a practice run earlier...

    VIEIRA: Oh, OK.

    MATT LAUER, co-host: Yeah.

    CURRY: ...and made off with some $20,000 worth. But that's still sort of being investigated.

    LAUER: All right.

    MATT LAUER, co-host: Mr. Roker , where's your motorcycle helmet?

updated 12/14/2010 7:44:46 PM ET 2010-12-15T00:44:46

An armed bandit escaped Tuesday on a motorcycle after stealing at least $1.5 million in casino chips from the posh Bellagio resort and may have pulled a similar caper across town less than a week ago, police said.

The thief took Bellagio chips ranging in value from $100 to $25,000, and authorities plan to watch for anyone trying to cash high-denomination chips at the Italian-themed casino with a wall of famous fountains along the Las Vegas Strip.

The robbery had the makings of a scene straight out of a Hollywood caper. Police say a man wearing a jumpsuit and a motorcycle helmet with white stripes walked into the casino with a gun, robbed a craps table then sped away on a motorcycle in the dead of night.

The culprit, however, might find it hard to redeem his loot at any other casino except Bellagio.

The 3:50 a.m. robbery happened "about as quick as you can do it," police Lt. Clinton Nichols told The Associated Press.

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Police later released an 11-second video showing a man running through a casino entry lobby with a gun in his right hand. At one point, he turned and pointed the weapon behind him.

Police suspect the same man wore a helmet, flashed a gun and sped away on a black sport motorcycle after robbing the Las Vegas Suncoast Hotel & Casino poker room about on Dec. 9.

That heist netted less than $20,000 from a poker room cashier, police said. Police also released several photos Tuesday of the robber at the Suncoast.

Estimates of the amount taken from Bellagio varied. Nichols said it could approach $2 million. In a press release, police put the amount at about $1.5 million.

Gordon Absher, spokesman for Bellagio owner MGM Resorts International, declined to discuss the investigation. But he noted that casino chips aren't the same as cash.

"At some point they have to be redeemed," Absher said.

Chips are unique to casino properties and are generally not interchangeable, although state regulations allow casino companies to redeem chips from sister properties with some restrictions.

Absher wouldn't say if MGM Resorts properties are among Las Vegas casinos that embed radio frequency devices in chips.

But police will be keeping a close eye on cashier cages in case someone shows up with a stack of $25,000 chips.

"We have safeguards in place," police Officer Barbara Morgan said.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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