money laundering casinos

What Is Money Laundering?

Money laundering is the process of making illegally acquired (i.e. “dirty” money) appear legal (i.e. “clean”). It is not confined to casinos: there are multiple methods of money laundering. Casino money laundering is simply one of them. For example, if you have money you received from a bribe, you can get your cash illegally converted into casino chips for a fee by a junket. This is the placement stage. You can then take these chips to a casino to gamble with or simply cash in. This way, no-one will know the money you have if from a bribe – it will look like you won it fair and square. Another way is to simply buy a whole lot of casino chips at the casino with a suitcase of cash. However, this will probably look highly suspicious. If you do gamble with the chips this is called gambling money laundering – a way to introduce some risk and a fun time in your casino money laundering process, and also make it look less suspicious.

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casino heists history

Looking at the Top Casino Heists in History

Who isn’t fascinated by casino heists. So ingenious and yet so harebrained, individuals scheming to take vast sums of money from casinos, which are more secure even than banks. Even the smallest level of cheating can get you caught with the most high-tech security systems in the world. Actually attempting to get away with thousands or even millions of dollars – no-one but the most audacious would attempt such a thing. Below are some of the most daring casino heists in history – many failures, a few successes, a great deal of money and stories stranger and more exciting than fiction.

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