BUSINESS

Money laundering ‘rampant’ at Canadian land-based casinos

TAGs: BCLC, money laundering

Money-Laundering-Canadian-CasinosWhile the right wing anti-gambling hordes love to cite the spectre of money laundering as one of their principal objections to the online gambling industry, it turns out that land-based casinos in Canada are the real problem. For instance, criminals are reportedly approaching big winners at casinos and offering them 105% of their jackpot’s face value. These types of shenanigans would be impossible at an online casino, which is why BCLC’s move into cyberspace – while undeniably hamfisted – is a step in the right direction. Read more.

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