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darkoz
darkoz
Joined: Dec 22, 2009
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Mission146
July 13th, 2021 at 1:18:27 PM permalink
Quote: Mission146

Oh, I get it. Iím kind of an idiot, sometimes.



That's what the forum is for. Sharing information and making things clear
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AlanMendelson
AlanMendelson
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Mission146
July 13th, 2021 at 1:29:53 PM permalink
First of all Mdawg wants all of you to know that when he gets checks from casinos from playing table games that the checks represent actual net winnings.

I've called various Vegas casinos and verified this. The rules for getting checks for table players are different than for slot players.

Mdawg brought up this subject again so he could get another pat on the back for his verified winnings.

As far as laundering money goes... yes you can launder money at casinos by simply putting bills into a slot machine then cashing out tickets. In this case the laundering only shows casino play. Probably not enough to hide cash but I dont think the IRS would even bother to check.

Are you able to turn those tickets into a check without hitting a taxable jackpot? I dont know. I never asked.

I do know that casinos usually dont offer checks for small jackpots. They really dont want to issue checks at all. Checks cost them money both in terms of real costs and they want you to have the cash to keep playing.

Has anyone here REALLY been offered a check for a W2G win of less than $10,000??? I know that I havent.
lilredrooster
lilredrooster 
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Mission146
July 13th, 2021 at 1:46:37 PM permalink
Quote: AlanMendelson

First of all Mdawg wants all of you to know that when he gets checks from casinos from playing table games that the checks represent actual net winnings.

Mdawg brought up this subject again so he could get another pat on the back for his verified winnings.



getting a check and showing it around on gambling forums does not in any way at all prove a person is a long term winner

a player could get a check for $15K on Wednesday and dump $17k on Thursday

it's going to take a lot more than that to prove long term winnings - especially from a player who is obviously trying to make himself famous

fame is a drug that some can't resist - what a person will do to get that drug could be described this way - such a person will do anything - anything and everything






.
"𝘣𝘦𝘭𝘪𝘦𝘷𝘦 𝘩𝘢𝘭𝘧 𝘰𝘧 𝘸𝘩𝘢𝘵 𝘺𝘰𝘶 𝘴𝘦𝘦 𝘢𝘯𝘥 𝘯𝘰𝘯𝘦 𝘰𝘧 𝘸𝘩𝘢𝘵 𝘺𝘰𝘶 𝘩𝘦𝘢𝘳"______Edgar Allan Poe
darkoz
darkoz
Joined: Dec 22, 2009
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Mission146
July 13th, 2021 at 1:47:52 PM permalink
Quote: AlanMendelson

First of all Mdawg wants all of you to know that when he gets checks from casinos from playing table games that the checks represent actual net winnings.

I've called various Vegas casinos and verified this. The rules for getting checks for table players are different than for slot players.

Mdawg brought up this subject again so he could get another pat on the back for his verified winnings.

As far as laundering money goes... yes you can launder money at casinos by simply putting bills into a slot machine then cashing out tickets. In this case the laundering only shows casino play. Probably not enough to hide cash but I dont think the IRS would even bother to check.

Are you able to turn those tickets into a check without hitting a taxable jackpot? I dont know. I never asked.

I do know that casinos usually dont offer checks for small jackpots. They really dont want to issue checks at all. Checks cost them money both in terms of real costs and they want you to have the cash to keep playing.

Has anyone here REALLY been offered a check for a W2G win of less than $10,000??? I know that I havent.



I agree with all your points but I don't understand how putting money in a slot and cashing out proves you got income.

Anytime I cash out from a redemption I get a receipt but it's anonymous. I could have just as easily found it on the floor. Certainly the IRS doesn't accept those as proof?

And anytime I go to the cashier they just hand me cash and an equivalent anonymous receipt.

To me cashing in an out isn't money laundering. It's just exchanging your money same as when I go to the bank for a roll of quarters.
For Whom the bus tolls; The bus tolls for thee
Marcusclark66
Marcusclark66 
Joined: Mar 26, 2020
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Mission146
July 13th, 2021 at 1:50:47 PM permalink
Quote: billryan

I'm sure criminals love working in an environment where cameras capture their every move.



Far more requests/subpoenas come into casinos for tape for other things than laundering then for laundering related, every week, LOL.

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Marcus Clark. Real Person; AKA MarcusClark66. *Professional Casino Security Expert. *Certified Company Firearms Instructor. *Certified Gaming Regulations Interpreter for Corporate Applications. *Tic-Tac-Toe Expert (Real Competitive Versions) & Mastering Chess. *Honorary & Official #1 Fan of the MDawg Adventures Club. *Mastering Cracking it. Bit-by-Bit, Piece-by-Piece Crediting Forum Members. *Certified Casino Property Entry & Exit Point Analyzer *Baccarat Winning Session Record: 11 out of 11 & 1 out of 1 Mini Session. Baccarat Losing Session Record: 2 Losing Sessions.
Mission146
Mission146
Joined: May 15, 2012
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July 13th, 2021 at 1:52:33 PM permalink
Quote: AlanMendelson

First of all Mdawg wants all of you to know that when he gets checks from casinos from playing table games that the checks represent actual net winnings.

I've called various Vegas casinos and verified this. The rules for getting checks for table players are different than for slot players.

Mdawg brought up this subject again so he could get another pat on the back for his verified winnings.

As far as laundering money goes... yes you can launder money at casinos by simply putting bills into a slot machine then cashing out tickets. In this case the laundering only shows casino play. Probably not enough to hide cash but I dont think the IRS would even bother to check.

Are you able to turn those tickets into a check without hitting a taxable jackpot? I dont know. I never asked.

I do know that casinos usually dont offer checks for small jackpots. They really dont want to issue checks at all. Checks cost them money both in terms of real costs and they want you to have the cash to keep playing.

Has anyone here REALLY been offered a check for a W2G win of less than $10,000??? I know that I havent.



I have witnessed multiple occasions of a person requesting a check for less than 10k and getting one. I donít recall a situation of that nature in which the casino was the first to mention a check being issued.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
lilredrooster
lilredrooster 
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Mission146
July 13th, 2021 at 1:53:04 PM permalink
...................


compare these claims to those of the great well known gamblers Tommy Hyland and James Grosjean

there are dozens of people who have played on their teams and been associated with them who can verify their claims

the types of claims being made here are nothing like that - not even remotely in their league

one player is hitting home runs in the MLB All Star Game - the other player is batting 8th and hitting .182 for a Little League team


.
"𝘣𝘦𝘭𝘪𝘦𝘷𝘦 𝘩𝘢𝘭𝘧 𝘰𝘧 𝘸𝘩𝘢𝘵 𝘺𝘰𝘶 𝘴𝘦𝘦 𝘢𝘯𝘥 𝘯𝘰𝘯𝘦 𝘰𝘧 𝘸𝘩𝘢𝘵 𝘺𝘰𝘶 𝘩𝘦𝘢𝘳"______Edgar Allan Poe
Mission146
Mission146
Joined: May 15, 2012
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July 13th, 2021 at 1:55:10 PM permalink
Quote: lilredrooster

...................


compare these claims to those of the great well known gamblers Tommy Hyland and James Grosjean

there are dozens of people who have played on their teams and been associated with them who can verify their claims

the types of claims being made here are nothing like that - not even remotely in their league

one player is hitting home runs in the MLB All Star Game - the other player is batting 8th and hitting .182 for a Little League team


.



My place on the roster was justified, darn it! I had a reliable glove and a cannon arm!
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
coachbelly
coachbelly
Joined: Oct 21, 2013
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Mission146
July 13th, 2021 at 2:28:25 PM permalink
Quote: AxelWolf

He was probably up to something else. Other than turning small bills into large ones, there is no good reason to do this.



Not necessarily up to something else, consolidating a bankroll seems like a good enough reason.

It's easier to carry five $1K slot tickets in a wallet, than $5K in cash.
AlanMendelson
AlanMendelson
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Mission146
July 13th, 2021 at 2:33:35 PM permalink
Quote: darkoz

I agree with all your points but I don't understand how putting money in a slot and cashing out proves you got income.



Agreed. It doesn't prove income. It just gives the "launderer" something to argue with.

I mentioned this before. My father was a mob lawyer and from a relative early age I was exposed to all sorts of tricks. Tricks that ranged from car dealers lending out new cars then reporting them stolen while the cars were chopped for parts... to restaurants that would soil unused table cloths to prove deductions for meals that were never prepared.

Some scams worked and some didnt. But they were all tried.

When I was 12 years old I watched bearer bonds being given to politicians to change zoning laws.

I've seen it all.

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