That's a tough one! I'm about 60/40 in favor of it being real (though my 40% as fake/fantasy is a big number too. )

The chip is made by SunFly and they do make genuine chips for casinos. If real, it's because they have been open quite a while and their original H&C chips may be worn. Especially the original $1's. So they needed replacements.

Also, if they started a new live game(s) or offered live poker, they may need more $1 chips for the extra games.

Being made by SunFly gives a better chance of being genuine vs. a Tina-made in China chip.

I'd suggest you contact James Campiglia. He's living there now and should know about it. (He's "chipsbottles" as an eBay seller, and he occasionally posts here on the ChipBoard, though you may have to go back a while in the archives.)

Good luck.