California Poker Room Reopens After Chip ControversyThe 500 Club Casino Resumes Games After State Shutdown |
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The 500 Club Casino located just outside Fresno, California reopened Thursday morning after being closed for about two weeks thanks to a state investigation into its finances.
The reopening means that the card room, one of about 90 in the state, and gaming regulators reached an agreement. The terms of the agreement were not disclosed, according to a report from The Fresno Bee. However, the reopening does mean that it is now complying with changes requested by California.
The state said the 12-table poker room didn’t have enough money to cover the chips in circulation, an accusation that the business denied.
California was considering revoking its license.
The card room said that it has “more than enough” money to cover the chips between the cash held at the cage, the card room’s vault and its bank accounts. The card room also said it has $800,000 in bonds to serve as a backup fund.
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