RFID is great for controlling inventory and Foxwoods is capitalizing on this new technology to promote better inventory handling of their chips and help to prevent counterfeiting.  Each chip will also have its own serial number, allowing the casino to better track where their chips have been.

The 2 million new computerized chips have been implemented since the opening of the MGM Grand at Foxwoods last May. They have a similar design: Foxwoods on one side, and either MGM or the WPT World Poker Room logo on the other.

For people who’ve held on to the old gaming chips, the next few weeks will be the last opportunity to cash them in. After Jan. 31, the old discs will lose their value and become little more than collector’s items.

The old chips will be destroyed after the 31st, but you can still mail them in or exchange them in person before the deadline.