Three BC Casinos in hot water over new money laundering allegations

Date Published

Authored by

Staff Writer

Blog british columbia

Three BC Casinos in hot water over new money laundering allegations

The British Columbia Lottery Corporation (BCLC) is under renewed scrutiny following allegations of enabling suspected Chinese money launderers. This came to light after the Vancouver Sun published a report based on the 2016 audit of the BC’s Gaming Policy Enforcement Branch (GPEB).

The audit revealed that River Rock, Starlight, and Edgewater casinos wittingly allowed gamblers, of which 47 were VIP’s, to buy chips using cash from private, BC-based lenders suspected of drug trafficking to the value of C$6.7m in 2015. Of that amount, River Rock handled the largest portion (79%).

The woes don’t end there for River Rock, as the audit further revealed that the casino ‘refined’ money from questionable sources by accepting $20 bills amounting to $13.5m in a single month during that summer, as well as allowing punters to pay in stacks of crisp $100 bills.

As stated in the audit, 14 gamblers under BCLC restrictions were able to wager with chips “either brought into the casino or received from players while inside the casino.” This puts the onus of these allegations squarely on the BCLC, leaving the regulator with the delicate task of maintaining legal gambling activities, at the risk of scaring big customers away.

Gamble Safely Online at these top Online Casinos

Cherry Jackpot
Cherry Jackpot
Overall rating for Cherry Jackpot4 / 5

Welcome Bonus

$8,000
  • 18+ | New players only | T&C apply
Roaring 21
Roaring 21
Overall rating for Roaring 213.5 / 5

Welcome Bonus

$10,000
  • 18+ | New players only | T&C apply
Uptown Pokies
Uptown Pokies
Overall rating for Uptown Pokies4 / 5

Welcome Bonus

$8,888
  • 18+ | New players only | T&C apply

Continue Reading

Lightning Box debuts new Silver Pride slot in New Jersey

Lightning Box debuts new Silver Pride slot in New Jersey

Sydney headquartered iGaming studio Lightning Box recently gained a significant achievement in its US expansion push with a deal that will see New Jersey become the first regulated market in the country to license its latest slot ...

The Second Quarter of 2019 Records a 20% Rise in Revenue of Great Canadian Gaming

The Second Quarter of 2019 Records a 20% Rise in Revenue of Great Canadian Gaming

Intending to hold on to its top position in the coming years is one of the industry’s leading entities, Great Canadian Gaming Corporation.In order to main its place, the company is persistent in its hard work and recent reports...

A Three Year Contract Has Been Signed Between Inspired Entertainment and Loto-Québec

A Three Year Contract Has Been Signed Between Inspired Entertainment and Loto-Québec

As announced by Inspired Entertainment, the three-year contract with Loto-Québec...

As Layoffs Are Announced, Unifor Announces Its Frustration With Gateway Casinos

As Layoffs Are Announced, Unifor Announces Its Frustration With Gateway Casinos

Unifor, the Canadian general trade union has expressed their disappointment with Entertainment Limited and Gateway Casinos after the company’s announcement of downsizing Casino Rama’s part time as well as full time employees...

After Voting in Favour of a Strike Casino Regina Staff Ready to Walk

After Voting in Favour of a Strike Casino Regina Staff Ready to Walk

Come 26 July and Casino Regina employees are ready to quit.Public Service Alliance of Canada (PSAC) employees are positioned for a legal strike from Friday midnight, as they are unable to negotiate a new contract with the Saskatchewan...

Big Digital sees the launch of Gaming Content by Luminosity

Big Digital sees the launch of Gaming Content by Luminosity

Canada’s leading e-sports establishment, Luminosity has partnered with Big Digital to set up a successful interactive gaming project at the recently held Bud Light Dreams Festival from June 29 to June 30.The innovative and artistic...

?>
VIEW ALL NEWS