nope, cashing out chips won't generate any tax consequences like the W-2Gs that you get for cashing out at an electronic game. if you cash out chips over 10,000 though you'll get a CTR or something like that that just gets sent to the fed with your info more so for purposes of money laundeering/counterfitting. It does not get reported to the IRS though, just keeps track of large cash transactions for the gov.