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Author Topic: Meh, what's "legit" $500k to a casino when they have Asian high rollers  (Read 677 times)

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Offline theking

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..rolling in with $100 mil  ???:

LA casino is hit with massive $500k fine after 'looking the other way' when high roller walked in at least 100 times with duffle bags carrying cash and bet a total of $100 MILLION on baccarat over eight months

The Bicycle Hotel & Casino was fined $500,000 after staff failed to alert authorities when a high-roller brought $100million in cash for gambling. The gambler, identified only as a Chinese national, visited the Los Angeles County casino about 100 times in 2016 over an 8-month period. He would transport large sums of cash to and from the casino in duffle bags and use the funds to  play high-limit baccarat in the VIP room. He also had his assistant conduct cash-in or cash-out transactions on his behalf. Bicycle staff reportedly failed to file suspicious activity reports durning the alleged gambling incidents. Staff also improperly filed currency transaction reports in the name of the assistant instead of the high-roller. Federal investigators launched a raid at the establishment in 2017
On Friday, prosecutors entered into a Non-Prosecution Agreement with the casino requiring it to pay a fine and improve its anti-money-laundering protocols




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Offline theking

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Re: Meh, what's "legit" $500k to a casino when they have Asian high rollers
« Reply #1 on: November 11, 2021, 04:05:38 PM »
Damn:




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Offline theking

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Re: Meh, what's "legit" $500k to a casino when they have Asian high rollers
« Reply #2 on: November 11, 2021, 04:10:47 PM »





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Offline DuMa

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Re: Meh, what's "legit" $500k to a casino when they have Asian high rollers
« Reply #3 on: November 11, 2021, 05:28:11 PM »
This spot is known for its high stake poker.  I heard of these college kids who pooled their money together to get something like 20g.  One guy sits at the table.  Blinds were $2grand and $3grand, something like that.  First hand they got, they went all in.  This move is called stealing the blind meaning that if everyone fold, they automatic win whatever pot there is on the table.  After this win, the guy stood up and just left which got everyone else at the table all mad.  Legal move but not ethically good. 

This bicycle club got guys like scotty nguyen and them pro status players to celebrities who loves the game of poker to come here and to make a living out of it.  If you win lots, you might as well sign up as a professional gambler so that you can claim your receipts for tax break. 

My dad took me here once when I was 17.  Security was there but they are pretty much relax and they didn't even card me since I wasn't playing.  Big fine by the agency if caught allowing an underage person to be in such building. 

I'm tell you now, every casinos have their usual guys from drug dealer to the card sharks to the loan sharks to the gangster to all them characters.  Lots of underground chit been going on here.  Lots of deals were made in the parking lot as everyone just look the other way.  Big whales coming with big money is guaranteed money flowing into your business as the bicycle club is played upon the commission style so the house never loses.  The corporation is the ones that puts out the money.  The house racks in every hands that are being dealt so they taught their dealers to deal as fast and efficient as possible. 

Now if you have 100mil to blow, why not play in vegas?  Maybe the money was dirty or maybe this player is a criminal, trying to play on the low low.   I can even show you how money laundry is being done.  The casino boss here in America, if he needs 1 mil in vietnam or wherever, he can just call the other person on that side of the hill for that 1 mil for him to pick up.  In this way, no paper trail.  It is like having 2 friends from each countries, loaning each other money back and forth. 

Speaking of which, I'm shady myself.  I have a Vegas VIP executive host that I know and she just upgraded my player's card to the highest level for the casino.  What it comes with?  Free 7 days cruise ship for 2 to either the canada (sfo) or the long beach station for the mexican route.  Free stays in Dubai, Free stay at the bahamas atlantis casino by the beach front.  I get to use the high roller vip lounge which is just a fancy lounge with a bar and free snacks food.  There are a few of these in some airports and to get in, you need that player's club card.  Then there goes the usual stuff like free vip valet parking, free dinner, $600 cushion to fly me to any of their other properties, no resort fees as Vegas resort fees is a daily charge and a rip off, $40 a night cot dayam hell no.  Free line cuts at cashier, special parking spots for ballers.  ect. ect. 

me a whale?  Hell no I am.  With connection, I can look like one.   O0





« Last Edit: November 11, 2021, 05:30:33 PM by DuMa »

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