The casino giant Las Vegas Sands Corporation is currently being probed by Nevada’s Gaming Control Board. This operator has allegedly allowed Chinese high-rollers play in the chain, by using shill players, which gives them the opportunity to hide their identities and the origins of their income.
Nevada’s gambling regulator even launched a probe for testing. The chain operator’s spokesperson told Reuters, that there were, in fact, inquiries made, and that they responded in manner and due time.
It is no secret that Chinese high rollers are among the casino favorites, because of their reputation of big spenders. The Las Vegas Sands chain operates two casino properties in Las Vegas, which are The Venetian and The Palazzo, both of which are quite popular with international gamblers, specifically the ones that come from China.
However, this corporation has allowed these players to gamble through frontmen, which helps them avoid the mentioning of their names in the casino’s financial records.
The first reports from this company’s allowed shills at this company’s gambling facilities, were about two years ago when two young women were brought to court for over six million in gambling debts. The defense lawyers argued that these women were used as shills for Chinese gamblers.
There are frequent reports that Las Vegas Sands’ employees employ random people to take credits in their names. The actual high rollers then take the chips and play with them, without their names added to the company’s records. Unfortunately, there is no way in proving this.
This is not the first time the Sands have been under serious investigations. In 2013 the chain was probed about allegations of money laundering. The company has failed to conduct diligence more than several times on a Chinese businessman named Zhenli Ye Gon, who spend approximately $45m in their casinos between 2006 and 2007. This person then transferred the money on purpose for money laundering. The Sands agreed to pay $47m to the United States government, to avoid indictment. Keep informed while following our blog page for the latest casino related news.