Skip to main content

Oakland Raiders New NFL Stadium Update - Las Vegas Sands Gamblers, Shills, And Money-Laundering

Oakland Raiders New NFL Stadium Update - Las Vegas Sands Gamblers, Shills, And Money-Laundering - Video

Oakland Raiders New NFL Stadium Update: On Las Vegas Sands Gamblers, Shills, And Money-Laundering Las Vegas Sands, the casino partner in the Oakland Raiders effort to receive approvals to build a stadium in Las Vegas, is the focus of a blockbuster Reuters article released today, Friday, September 30th. The article, called “Shill Game” and written by By Joel Schectman and Koh Gui Qing, not only details exactly how Las Vegas Sands' hotels The Venetian and The Palazzo provide an environment for high-rolling Chinese gamblers to pass money without a paper trail, but also describes the work of “shills”. “Shills” are women who, with the cooperation of Las Vegas Sands employees, are allowed to take out millions of dollars in casino credit in their names and then give the chips to the real gamblers they work for. This allows the real bettors to gamble at the hotels without detection. In exchange, the shills are allowed to keep a percentage of the casino money they are loaned. The Reuters reporters report reads: “The attorneys for the women, Jeffrey Setness of the law firm Fabian VanCott and Kevin Rosenberg of Lowenstein & Weatherwax LLP, contend the Sands may have violated federal anti-money laundering rules prohibiting casinos from helping players keep their names off the books.” This marks the newest, and most detailed account, of allegations of money-laundering at Las Vegas Sands casinos. While the Reuters report names some of the actual gamblers, it does not explain exactly what their businesses do. But its well known that one high-rolling gambler, Zhenli Ye Gon, was said to be an alleged drug trafficker who lost $84 million at The Venetian. Las Vegas Sands settled that case for $47 million in 2013. Moreover, the investigation, case, and settlement came after the discovery of $207 million in cash in his home during a raid. Las Vegas Sands said that it should have recognized Zhenli Ye Gon's gambling activities, but the truth is other bettors are still using the same shill-based activity Gon benefitted from. Las Vegas Sands has not stopped it, and given the estimated $1.3 billion baccarat, the high-roller game of choice, has generated in Las Vegas over the past 10 years, it's not likely to try and stop it anytime soon, absent draconian legal and government action. What does all of this have to do with the Raiders quest for a Las Vegas NFL stadium? Everything. NFL Commissioner Roger Goodell is on record saying that he's trying to “wrap” his head around the idea of a the NFL in a city ran by the casino industry. That's a kind way of saying he's concerned about the very scenario the Reuters story reveals. And given the revelation, it's appropriate to ask this question: Given that Sheldon Adelson, the CEO of Las Vegas Sands, made the majority of his $29 billion in Macao gaming, and via Chinese high-rollers like Zhenli Ye Gon, and given that the practice of hiding the identify of these same gamblers is still active in Las Vegas Sands hotel casinos, how much of that alleged laundered money has been used in the Raiders stadium planning to date? We have a situation where, because of the Oakland Raiders association with Las Vegas Sands, a favorable decision to build a stadium in Sin City could place the NFL in the legal crosshairs of the Federal Government in the future – perhaps sooner rather than later. Reuters: http://ift.tt/2dGMw90
via IFTTT
http://youtu.be/tUb-jWSMEHU

Comments

Popular posts from this blog

Alex Castro, Electronic Arts VP, Is Oakland’s “Fake Joe Tuman”, “Crocker Mom”

Alex Castro, is currently Vice President Of Product Management At Electronic Arts, and a fairly-well-known and legendary tech executive, regularly quoted in a number of industry publications. But Alex Castro’s also an Oakland resident who has the terrible habit of going online, making traceble email accounts from his Electronic Arts office, and posing as someone […] from WordPress http://ift.tt/1fVkWP9 via IFTTT

Event: Jog For Jill San Francisco Run September 12th Golden Gate Park

Cal Women's Rowing Team member Jill Costello passed away from complications due to lung cancer on June 24th 2010 and at the age of 21. A San Francisco event and run called Jog For Jill has been established and will be held this Sunday, September 12th at 5 PM. Two members of the Cal Women's Crew team were at the Cal vs. Davis football game wearing Jog For Jill shirts, and were kind enough to provide the video interview above. Below are the other details from the event website, where you're encouraged to pre-register here CLICK FOR SITE : Pre-Registration: Online/$25 Day of Registration: 4:00 p.m./$30 Shotgun Start: 5:00 p.m. After run/walk celebration: 6:00 p.m.- 8:30 p.m. Event Location: Golden Gate Park Music Concourse Bandshell S Tea Garden Drive San Francisco, California 94118 Participants are encouraged to pre-register. Only pre-registered participants will be guaranteed a walk/run T-shirt. T-shirts will be limited to the first 2500 day of regis

Oakland Mayor's Race: LWV Forum Draws Oakland's Older Folks

Oakland Mayor's Race Forum first take. (Which means, there's going to be more of these posts on last night, because a lot was happening.) This just in: The Oakland Tribune's out of touch with Oakland. A number of attendees of the 450 estimated said they learned of the Oakland League Of Women Voters via "the newspaper." All of the people who made that statement were over 50 years old. Still, the forum, which attracted every candidate except Dr. Terrance Candell, was a success. The auditorium at 300 Lakeside Drive seats 380 people, so if you do the math, it was about 70 over capacity. The crowd was a happy mix of supporters of candidates and long-time observers of the Oakland political scene. The one complaint they had was there wasn't enough time to hear what the candidates were about. That wasn't because there were too many candidates, but due to the format. Either Oakland Tribune Editor Martin Reynolds or the League of Women Voter