The River Rock Casino and other casinos are allegedly being used by a global money-laundering operation that has seen drug earnings handed on to gamblers who take the money, flip it into chips, and make investments it in property like housing.
The revelations are contained in a bombshell story by Vancouver Sun reporter Sam Cooper that was printed on Friday.
WATCH: Cops bust alleged money-laundering ring
Cooper has spent years following B.C.’s scorching housing market and a number of the “funny money that’s been flowing in,” he informed Global News.
His story described how VIP gamblers, often called “whales,” are allegedly recruited in Macau to return to B.C. casinos and being given money by drug sellers.
Cooper reported that these gamblers allegedly purchase chips utilizing large wads of small payments, win their cash and that it “looks like they invest in Canadian assets,” equivalent to housing.
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The gamblers have allegedly been identified to function each in authorized casinos and gaming homes which were established in Richmond, Cooper reported.
But one on line casino particularly stands out.
“It’s happening at other casinos, investigators say, but River Rock is where it’s really happening,” Cooper stated.
B.C. Attorney General David Eby stated he was “troubled” by the story that “drew direct connections to the drug trade.”
“I don’t think anyone had any illusions that if there was money-laundering taking place in B.C. casinos, that the money being laundered was somehow the proceeds of crime,” he stated.
A River Rock spokesperson wouldn’t touch upon Cooper’s report, saying that Global News ought to name the provincial authority that regulates casinos.
- With recordsdata from Paul Johnson
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