Man charged following investigation into suspicious transactions at a Sydney casino. Picture: NSW PoliceSource:Supplied

A man has been charged following an investigation into alleged suspicious transactions made at a Sydney casino.

A special strike force investigation was launched last month before police questioned a 30-year-old man at The Star casino, in Pyrmont, on July 21.

Organised Crime Squad detectives also carried out a search of the man and his vehicle, seizing more than $10,000 of cash and $50,000 worth of casino chips as well as two mobile phones and documentation.

Fun stuff: you get to walk up to the cashier with a rack of chips (depending on how you won the money, sometimes it's a voucher). They will ask how you want to cash out (cash, wired to your bank, check, etc). You can even have security escort you out if you are leery about walking around with that much cash.

Another $50,000 was seized from the casino. It’s alleged the man produce the cash at the venue earlier that day.

No, I began pocketing the standard casino chips used at in cash poker or in table games like blackjack and craps. Whenever I entered a casino for the first time, I wound up playing cash game poker or hitting the table game pit, and invariably I’d keep a single $1 chip as my own before leaving town. Chips will eventually expire. Once the casinos have notified the GCB (Gaming Control Board) that the chips will be expired, there is an expiration date submitted. After that date, it is at the discretion of the casino to determine if they will honor the request to redeem it. If I am in a large well established casino, I may cash-in chips on a different day. If it is a small casino or there is any hint that it may be difficult to cash-in chips later, I usually cash-in chips before leaving the casino. I have had only one experience where there was a problem cashing chips on the day after a winning session. Every now and then casino's will redesign their chips, making the old ones worthless. They usually have a 60 - 90 day exchange period. This generally happens mainly to the high denomination chips when theft/fraud/counterfeits are suspected or confirmed (think the Bellagio bandit).

Detectives also searched the man’s Auburn home, where another $70,000 in cash was seized, along with a CCTV system and numerous documents.

Man charged following investigation into suspicious transactions at a Sydney casino. Picture: NSW PoliceSource:Supplied

The man was arrested and taken to Day St police station where he was charged with two counts of dealing with property proceeds of crime.

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Police will allege the man purchased chips at the casino with money believed to be the proceeds of crime on at least two occasions.

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He was granted conditional bail and will appear in the Downing Centre Local Court on Wednesday.

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Anyone with concerns about suspected illegal activity at casinos or within the racing industry in NSW should call Crime Stoppers on 1800 333 000