[henry81]

I remember hearing a story about something like this and they were able to launder the chips through strippers, who cashed in the chips they received "as tips"..

[spahl]

Thats in the movie "21" (http://en.wikipedia.org/wiki/21_(2008_film))

[sil3ntmac]

You might be thinking of the movie 21, the MIT blackjack team does exactly this.