Patent ID: 8645685

Claim:
A method of providing a portable gaming token, the method comprising: assigning an identification number to the portable gaming token; assigning authentication data to the identification number wherein the authentication data corresponds to security information obtained from an entitled token owner of the portable gaming token, the security information selected from first biometric information associated with the entitled token owner, information that the entitled token owner knows, and authentication information stored on an authentication object that the entitled token owner possesses, where the authentication data is assigned to the portable gaming token for security to restrict transactions of value with the portable gaming token in game play on a gaming machine, game play at a gaming table, and redemption for cash or prizes to the entitled token owner who can present security information corresponding to the authentication data for verification in order to authorize negotiation of the portable gaming token for value, wherein presenting the security information includes the entitled token owner presenting the authentication object; storing the assigned authentication data and the identification number; providing the portable gaming token to the entitled owner of the portable gaming token from whom the security information is obtained, and providing value to the entitled owner in a transaction for value with the portable token wherein the entitled owner surrenders the portable gaming token to complete the transaction.