Poker Chips Display Very Weird Behaviour

Poker chips are synonymous with gambling, casinos and cheating. The video exhibits a good dose of cheating, using poker chips as a focus.
There are three poker chips - two red and one black.
Time and again, the magician causes the black chip to vanish.
Each time it re-appears between the two red chips.
Finally, the two red chips are taken, leaving the black one alone.
It promptly disappears.