What would you do?

Just like "calling shotgun" is legal in most states.

I would always turn in a purse or wallet, anything like that, no matter how much money in it, but a lone chip? I'll keep it an hour then cash it. Finders keepers.

If when I attempt to cash it they quiz me about it (very unlikely, but anything is possible, maybe somebody reported losing it, etc.), I'll be honest and tell them when, where, anything they want to know. If they won't cash it, fine. If they do, fine.

I've cashed a few high value chips (my own winnings) and never had them questioned.

If I realized that I dropped/lost a chip somewhere, I'd call myself an idiot and move on and good luck to whoever found it. I wouldn't even think of reporting it.

i'D cash the sob and hope it cleared. If someone is that careless with a $1000 chip, they probably don't even know it's gone!

Laws may, . . . or may not, . . . apply to the situation of "found chips".

DonDiego has found an online consensus that the chips are, in fact, the property of the casino, . . . usually stated something like this: "In any state that has casinos, the casinos are allowed to claim any money or casino chips that fall onto the floor as property of the casino. The exception to this rule is a player notices that he or she dropped the money or casino chips, and can prove it."
Ref: What to do . . .

The beloved LVA has also investigated the legal question, . . . but with ambiguous results.
Ref: LVA investigation of "found chip" rules

Nonetheless, DonDiego is certain that he would do the right thing.

I was told that a casino claims anything that is on the floor of the becomes the casino property and I never questioned it any deeper than that.

If I found that chip I would go to security and just say "I found a chip". Wonder if they would insist on me handing it over. I would like to assume that if no one reported it missing then it would automatically become mine.

Good luck to anyone trying to cash the chip.
In Vegas it's just not going to happen. Especially a large property like Paris.

I must admit I put more stock in the LVA answer than the other guy who specializes is writing about horror flicks. He starts his article by stating:

"As a regular casino patron, I have seen many people get in a lot of trouble for attempting to play with money or casino chips that they have found on the floor of a casino. Few people realize that they are not allowed to play with money or casino chips that they find on the floor."

Tutontow has never witnessed this or have I been hassled while picking up chips that I have dropped. Maybe his perspective is geared more tor wards AC or Detroit for which I have no personal experience.

Has anyone else here every seen some one hassled for picking up chips? I would like to hear from Rizzo or anyone else who spends a lot of time around casinos.

I do know that in the 30 years I have been going to LV and also frequenting Biloxi I have not seen this.

After much thought and discussion I will say if I found any chip on the floor larger than $25.00 I would hang around in that area for one hour waiting to see if some one came by looking for it. If they did come by I would question them and try to find out what denomination it was. If they answered correctly I would gladly give it back.

On the other hand I feel the casino does not need another "free'" thousand dollars courtesy of some poor soul who dropped a chip.

BTW $25.00 or less and it is going on the next BJ table I pass.

If I get hassled or 86'd big deal. I would play dumb and hand it over.

Also several times I have gone out of my way to return lost property to its' rightful owner but I just can't see gladly giving any casino a free 1K. I would like to see if the OP is ever contacted by "The Paris" to come get their one thousand dollars :>)

Or rock, paper, scissors is considered a legally binding contract

All right. My question is ...How does the casino know that person with the chip did not win it?

Do they keep a record and ask for ID when trying to cash it in?