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  #11  
Old October 26th, 2011, 10:52 AM
shadroch shadroch is offline
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Now that is a very effective way to launder money, and nearly impossible to catch. Only a trusted few are permitted in the counting room, and it does not take the entire room to introduce the "dirty" money, and of course, no money is laundered while auditors are present. Yes, that's a ticket that is near impossible to detect. Two things an auditor might look for are: (1) does the casino show profits higher than other casinos in the same area and of the same ilk, without any ostensible reason-- better access, nicer atmosphere, appeal to high rollers, etc., and (2) is the casino largely owned by corporations in turn owned by, or likely owned by, organized crime, and also by individuals with mob ties. If the money cannot be funneled back to the mobs' waiting hands, it does little good to launder it in this manner.

Your answer is plausible. Of course, it would not be wise to repeat this if you have insider information, so I assume there are already published stories on the subject.


Have you been out to lunch the last fifty years?
  #12  
Old October 26th, 2011, 11:02 AM
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aslan aslan is offline
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Have you been out to lunch the last fifty years?
Please explain. It is not a subject area that I have read much about. If you can enlighten me, I would appreciate it. I do understand some of what was going on before the mobs relinquished direct control of casinos, but I know little of the details about what has happened since then, other than that my friends in Vegas tell me that organized is ever present, but unseen. What they are doing and how they are doing it is a mystery to me, so I guess I have "been out to lunch," as you say, for at least the past 20 or so years. I think others would find what you have to say interesting as well, especially the younger generation.
  #13  
Old October 26th, 2011, 12:29 PM
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zengrifter zengrifter is offline
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Have you been out to lunch the last fifty years?
Yes, always comped. zg
  #14  
Old October 26th, 2011, 12:32 PM
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zengrifter zengrifter is offline
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Here is the real dirty secret- casinos used to offer better games because they didn't give a fig about the floor results. They were laundering so much cash that it wasn't an issue. Now that the well has dried up, money has to come from the games and entertainment.
Explains how Trump can be one of the biggest money launderers (in partnership with Chinese OC) in North America and yet his casinos show no profit.

Going back to 'Green Felt Jungle' publication 1962, the informed public became increasingly aware of the 'skim', but the deeper secret of legal casinos has been the money laundering. zg
  #15  
Old October 26th, 2011, 06:48 PM
tthree tthree is offline
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Originally Posted by aslan View Post
Please explain. It is not a subject area that I have read much about. If you can enlighten me, I would appreciate it. I do understand some of what was going on before the mobs relinquished direct control of casinos, but I know little of the details about what has happened since then, other than that my friends in Vegas tell me that organized is ever present, but unseen. What they are doing and how they are doing it is a mystery to me, so I guess I have "been out to lunch," as you say, for at least the past 20 or so years. I think others would find what you have to say interesting as well, especially the younger generation.
Don't worry Aslan. Those seeking to make an honest buck are usually clueless. Those that don't make money in this manner have inside information on how these things are done. I for one would also like to hear the nuts and bolts of this supposed money laundering.
 

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