I could be Vegas. Mine was found there. Years ago & I have always felt it was Vegas.
It is a C&J mold. Aren't the other Bonanza from Virginia City H&C & aren't they different looking chips?
It was common for casino's to need another denomination & to reorder whatever was cheapest at the time, especially on a low denomination chip.
TO say it is bad due to an underwhelming response is not reasonable & not totally true.

It is another debateable chip.

Don how many have you seen? I must be overlooking this at shows. If that many are around I think I would of noticed. Has a find been made recently?