Casino chip...

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I found a $1 chip in an old suitcase of mine that is at least 40 years old.

It is rust colored and is stamped in gold-tone.

It says OLIVER'S CASTAWAYS.

How would I find out if it has any significant value?

Any information would be greatly appreciated.

Thank you.
 

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here are some clues..

<TABLE width="100%" border=1><TBODY><TR><TD>Cast'wy</TD><TD>LV</TD><TD>$1 Bonus Play, pink & cream</TD><TD>$50</TD><TD> </TD><TD> </TD><TD> </TD></TR><TR><TD>Cast'wy</TD><TD>LV</TD><TD>$1, grey</TD><TD>$30</TD><TD> </TD><TD> </TD><TD> </TD></TR><TR><TD>Cast'wy</TD><TD>LV</TD><TD>$5 Oliver's Castaways, yellow</TD><TD>$150</TD><TD> </TD><TD> </TD><TD> </TD></TR><TR><TD>Cast'wy</TD><TD>LV</TD><TD>$100, black</TD><TD>$195</TD></TR></TBODY></TABLE>


<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD vAlign=top width="73%"><TABLE cellSpacing=1 cellPadding=1 width="98%" align=center border=0><TBODY><TR><TD class=LeftMenu vAlign=top width="24%">Chip Name </TD><TD vAlign=top align=middle width="3%">: </TD><TD class=Hint2 vAlign=top width="73%">OLIVER'S CASTAWAYS $25 R-10 CHIP 343</TD></TR><TR class=LeftMenu><TD vAlign=top> </TD><TD vAlign=top align=middle> </TD><TD class=CartInfo2 vAlign=top> </TD></TR><TR><TD class=LeftMenu vAlign=top>Features </TD><TD vAlign=top align=middle>:</TD><TD class=Hint2 vAlign=top>Here's another very rare R-10 chip for your perusal! This Oliver's Castaways is one of possibly 3 chips in existence. A rar must have for any Castaway's or Vegas collection. In very nice above average condition with about 2 small edge nicks this chip still stands on edge easily. Although all of this particular $25 issue may be cancelled, it's extremely hard to tell if this one is.
</TD></TR><TR><TD vAlign=top> </TD><TD vAlign=top align=middle> </TD><TD class=CartInfo2 vAlign=top> </TD></TR><TR><TD class=LeftMenu vAlign=top>Sales Price </TD><TD vAlign=top align=middle>:</TD><TD class=Hint2 vAlign=top>$1195.00</TD></TR><TR class=LeftMenu><TD> </TD><TD align=middle> </TD><TD class=CartInfo2> </TD></TR><TR class=LeftMenu><TD> </TD><TD align=middle> </TD><TD class=CartInfo2> </TD></TR><TR class=smallfont2><TD vAlign=top>Know More... </TD><TD vAlign=top align=middle> </TD><TD class=CartInfo2 vAlign=top> </TD></TR></TBODY></TABLE></TD><TD vAlign=top width="27%"><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD class=alertpage align=middle>Front Side</TD></TR><TR><TD align=middle> </TD></TR><TR><TD class=alertpage align=middle> </TD></TR><TR><TD class=alertpage align=middle>Back Side </TD></TR><TR><TD align=middle> </TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE>
 

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HISTORY OF THE CASAWAY

http://www.a2zlasvegas.com/hotels/history/h-mirage.html


In 1963, the name was changed to the Castaways Hotel & Casino when a group of investors headed by Ike P. LaRue of Jackson, Mississippi, remodeled it. It consisted of a casino, two wings of rooms, and a radio station out back. At the time, the Castaways had nine game tables, one keno, and 152 slot machines.
Sometime later somebody came up with the idea of putting a $1,500-gallon fish tank behind the bar. It didn't have a fish in it. A nude showgirl swam lazily through the water three times a day holding her breath while everyone watching held theirs.
The Castaways ran into financial trouble in late 1964, and the casino was forced to close down. The hotel, showrooms, and restaurant continued to operate.
On April 16, 1964, Breck Wall's Bottoms Up debuted at the resort and ran for 18 weeks.
It reopened in 1967, as Oliver's New Castaways Casino when Oliver Kable bought the resort. The Castaways had 230 suites.
The Castaways contained an intricately carved 35 foot high, 14 ton teakwood replica of a Jain Temple in India. The "Gateway to Luck" was brought to America by the British government to form part of an exhibit at the St. Louis Fair in 1904-1905. How it ended up at the Castaways is one of Las Vegas' mysteries and where it is now is yet another Vegas mystery.
In 1969 or 1970, The Castaways was sold to Howard Hughes via Hughes Tool Company for $3 million dollars.
In December of 1971, there was an announcement that the lounge was closed but rooms were still available.
In 1972, the Castaways which, after some refurbishing, was presented to the public as "all-new, all-wonderful," reopened with a bawdy musical called the Tom Jones Show. It featured a number of lusty ballads and a chorus line of footlight ladies dressed in bosom-flashing Elizabethan costumes.
When Steve Wynn purchased the Castaways in 1987 from Hughes Tool Company, he had a dream of a resort that "that will usher in a new Las Vegas". The resort, which was to be called the Golden Nugget on the Strip, went into the planning stages. The $750 million, three-winged, Y-shaped, 30 story tower The Mirage, the first hotel casino resort built on the Strip in 15 years, opened in November 22, 1989, with 3,044 rooms. Designed by architect Joel Bergman, twenty-four carat gold-tinted glass spangles the white structure. The Mirage sat on 100 acres.
 

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One thing the above history neglects to say, pertaining to all of us sports bettors, is that the Castaways, (and Sonny Reizner), created the first NFL football handicapping contests called the Challenge and the Ultimate Challenge. These contests raised the bar to NFL wagering and started the string of prestigious contests, (see Hilton) that flourish today.

As big as the book was in innovation, it was equally small in square footage. Named the "hole in the wall" sportsbook it was about as big as your family room, (providing you live in a trailer).
 
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Home of the "circled" games....board was full of them

Also where they raked over 3% of the pot in their poker games...
 

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castaways-hotel-casino.bmp
 

I don't know enough to know I don't know
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A bit off topic but billhill's post drove me to Google for more pictures of the Castaway. I stumbled on this site regarding Vegas in 1975. Some great photos that brought back some great memories.

http://gaming.unlv.edu/Xanadu/others.html
 

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