MGM pre-banning suspected money launders, others considered risky for their license

[Dan Druff]

LVRJ put out an article about how MGM is changing things, and pre-banning people suspected of wrongdoing or illicit funds, even without proof.

One such person on Twitter shared the letter he received, which came as part of this effort:




Here's the article: https://www.reviewjournal.com/busine...sinos-3366359/

MGM was recently fined $8.5m over similar matters to what earned Resorts World a $10.5m fine. Both had Scott Sibella in charge at one of their properties during the times in question, and both were alleged to have looked the other way during money laundering activities.

Here are 8 changes MGM is making:

— Formalized a process to share credit information between the credit department and the compliance department to assist in the company’s “Know Your Customer” program.

— Adopted a requirement for compliance to reach out to a customer’s casino marketing host to obtain information. Formerly, that was an informal communication.

— Enhanced due diligence has been ordered annually for the company’s top 25 cash customers in addition to its top 50 customers.

— Created a new procedure to address transactions in excess of $100,000, regardless of whether the customer comes in with large or small bills.

— Formalized a process to escalate reviews within the compliance department for patrons with multiple suspicious activity report files.

— Spending more than $1 million on anti-money laundering compliance.

— Ordered additional enhanced training for casino marketing staff, emphasizing its responsibility to know its customers, including their source of funds, and to report any suspicions to the compliance department.

— Added an awareness campaign for all line-level employees about anti-money laundering compliance responsibilities.

As part of "formalized a process to escalate reviews within the compliance department for patrons with multiple suspicious activity report files", it is believed a number of people recently recevied ban letters like the one above.

This is not expected to affect APs, aside from the ones whose sources of funds are in question.

[MDawg]

And of course you still have unsophisticated idiots like A.Wolf who think casinos are cutting cage checks for other than verified wins.

Casino Anti Money Laundering and Compliance

[jdaewoo]

Why isn't this retard out winning 80% of his tie bets?

[Kim Lee]

idiots ... think casinos are cutting cage checks for other than verified wins.
[/URL]

Drug dealers would repeatedly bring grocery bags of small bills to the craps table and buy in for $9k. Most of the time they would lose it all. But occasionally they would win $50k+ and take a check.

[AxelWolf]

And of course you still have unsophisticated idiots like A.Wolf who think casinos are cutting cage checks for other than verified wins.

Casino Anti Money Laundering and Compliance

Post where I said that. I never did. I said.


There are numerous ways to get a check from a casino.
I have had at least 100 checks issued to me from casinos, not including jackpot winners.

I had so many checks issued to me at one group of casinos that they finally called me to ask to come in and explain what was up before they would issue me my pending checks. I did explain, they were happy with my explanation and just asked me to limit getting checks to x per month since with was causing extra work for their accounting department. If people are wondering why I was doing that, I'm just going to say that it was nothing nefarious, it was just a +EV situation, and I will leave it at that.

You can get checks issued from casinos without losing or winning a penny.

You can get a check issued in an amount for MORE than you actually won.

I also said there were places where you could insert money, not play, cash out and get a check.

[The Boz]

Imagine this, MGM banning losing players while high fiving those winning millions.

THAT’s how Vegas works!

From Vital Vegas X

[MDawg]

A.Wolf has never in his life had a casino cage issue him a check for a table game win. Or for anything to do with table play.

He does love to babble on inanely though about has-been irrelevancies from years ago.

[MDawg]

No one on these forums plays with enough cash to matter to MGM. I’m a credit player and I rarely have to pay the casinos at all so I’d never get into this situation anyway.

As an example even a money in the mattress type like A.Wolf is just a blip doesn’t have enough cash in play to matter plus he’s about to retire to that landlocked desolate lot he bought. Low end has beens aren’t suspected of money laundering.

[kewlJ]

Dawg, you spend so much time and effort attacking and trying to discredit everyone that has ever questioned or doubted you. What do you think that says about you and your story/claims in the eyes of everyone else? Do you think there is anyone, anywhere, that is more likely to believe your rubbish because you are a good troll (if there is such a thing) and attack very credible APs?

And I guess you think that the members of your target audience for your silly claims, WOV, don't read this forum. But most do. You can tell by the cross-over of comments and things said here. And that is precisely why you have lost your audience over at WoV. Have you not noticed, no one responds to you great adventure claims anymore.

You think you are so smart and winning some kind of troll war. All you have done is discredit yourself further and completely in the eyes of everyone except a few fellow trollers.

[coach belly]

Post where I said that.

No one is required to prove anything.

[The Boz]

No one on these forums plays with enough cash to matter to MGM. I’m a credit player and I rarely have to pay the casinos at all so I’d never get into this situation anyway.

As an example even a money in the mattress type like A.Wolf is just a blip doesn’t have enough cash in play to matter plus he’s about to retire to that landlocked desolate lot he bought. Low end has beens aren’t suspected of money laundering.

You just love to bash others you don’t think are on your level.

So it’s still comes back to why you feel you need to impress them?

Ask Druff who he believes when it comes to gambling who is more knowledgeable and believable, you or Axel.

The man has laughed at you for years and it bothers you to no end. There has to be a reason why you are so insecure.

You could have told an impressive story, but instead you chose to push a narrative NO ONE believes. Why is the question.

[MisterV]

No one on these forums plays with enough cash to matter to MGM.

Most viewers are lurkers and do not post.

I suspect at least one of them plays at or above your level.

[MDawg]

A lot of people would like to play poker with you after seeing that post.

.

[TheGrimReaper]

No one on these forums plays with enough cash to matter to MGM.

Most viewers are lurkers and do not post.

I suspect at least one of them plays at or above your level.

MGM doesn't have enough money to matter to me, the Great Garnabby. Ha.

[MDawg]

I do quote the Great Garnabby in his various forms because he has something to say. I quote others who have something to say too.

I do respond (sometimes) to A.Wolf because he is at least a has-been. A has-been is better than a never-been.

As a never-been, UNKewlJ gets mere automated AI responses.

Those who are ignored are unworthy of response have nothing of note to say.

[kewlJ]

You just love to bash others you don’t think are on your level.

If Mdawgs stories/claims were true, he would be punching down with these attacks. Nobody does that. No real person with real claims punches down like that.

BIG "tell".

[AxelWolf]

No one on these forums plays with enough cash to matter to MGM. I’m a credit player and I rarely have to pay the casinos at all so I’d never get into this situation anyway.

As an example even a money in the mattress type like A.Wolf is just a blip doesn’t have enough cash in play to matter plus he’s about to retire to that landlocked desolate lot he bought. Low end has beens aren’t suspected of money laundering.

None of my properties are land locked or in desolate area's. Both places are within less than 30 minutes to towns.

Much of my California property isn't easily accessible with a car unless it's a wheel drive. However, it's off a highway the creek is easy to cross by foot. Also I have access on both sides of the road to other smaller parts of the property. It's also less than 40 minutes to a big city.

My Washington property does have a 30+ acres island that needs a.new bridge since the other one washed out. The main part of the property is accessible just fine
I just moved my 35 foot class A on to my property without issues. I thought there could be since there's some rough areas down the driveway.
.

[MDawg]

When you get to the point of a guy trying to brag online about that he could get 19 year old girlfriends, used to drive a Porsche, and has a big dick, he is already wayyy beyond help.

With Wolf it all comes down to a massive insecurity, Coach Belly has already explained that one. As I've explained, it also has to do with his alcoholism.

[MisterV]

Those who are ignored are unworthy of response have nothing of note to say.

Judge not, lest ye be judged.

[Dan Druff]

Imagine this, MGM banning losing players while high fiving those winning millions.

THAT’s how Vegas works!

From Vital Vegas X

This Pham242 guy is the one who posted the ban notice I shared in the original post here.

I know nothing about him.

Keep in mind that many of these dudes screaming about their innocence on social media actually aren't. For example, perhaps Pham is associated with known bookies. Perhaps there's good reason to believe he's money laundering. Perhaps he's an AP being fed cash by others, and thus didn't have a reliable source of funds. Perhaps he's acquired his money through some other illegal way, and they noticed he was dodging source of funds disclosures.

There's a ton of possibilities here.

I don't believe they just booted a whale with zero reasoning behind it.