Originally Posted by
MisterV
Originally Posted by
Dan Druff
It's not the laying off of action where the concern is right now.
Apparently it's straight up money laundering.
It would be appreciated if someone would define and give examples of both viz. LV casinos.
Laying off action = "I'm a bookie, I have a high stakes client who sucks at sportsbetting, but I can't handle the swings of his $500k bets. So instead of losing his business when he bets too big, I just go to Resorts World and bet 80% of his money on the same side he wants, and I pretend it's me booking the entire action."
Money laundering = "I'm a bookie, and I just made a shitload of money from Shohei Ohtani's interpreter, who is a complete ploppy and somehow has $16 million to lose. But I can't buy anything with it, or deposit it, or law enforcement will know I obtained the money illegally. But if I go wager it in a casino, any 'winnings' I cash out can simply look like I got lucky at the casino, and I can declare/deposit that."
The latter is what was occurring with Bowyer and Leforbes. At Resorts World, president Scott Sibella knew all about this, and knew at least Bowyer personally, and allowed it. It's very possible that Fontainebleau and Venetian did the same, as they curiously didn't go after Bowyer or Leforbes for stiffing them on big markers.
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