In 2014 Canadian casino giant Great Canadian Gaming management ramped up its high roller gambling department and started marketing heavily to Chinese customers. They attempted to lure in wealthy Chinese gamblers who were being kicked out of Australian and Asian casinos due to criminal activities and being unable to account for their seven-figure gambling funds.
The head of Great Canadian’s VIP department admitted to developing this strategy in response to the increasing pressure that Chinese high rollers were facing at other gambling hubs, particularly in Macau. He thought by giving them a new home to gamble, he could bring in huge revenue for the casino. When you gamble online at Cookie Casino, you don’t have to worry about being banned, and they always welcome new players.
The only problem with his plan was to attract Chinese high rollers Great Canadians would have to turn a blind eye to the source of their funds and not report any of their transactions to the authorities. This would effectively turn Canadian casinos into a major money-laundering hub.
CEO Of Great Canadian Faces Tough Questioning From Authorities
The CEO of Great Canadian was questioned about multiple instances between 2014 and 2016 where wealthy Chinese gamblers were receiving huge cash deliveries from Triad members and gangsters such as Paul King Jin. The cash was then being converted into casino chips and fuelling the gamblers 7 figure betting sessions.
Authorities wanted to know why Great Canadian allowed this process to happen and didn’t alert them to the highly suspicious acts. The CEO admitted that there was a mutual understanding between the Chinese gamblers and the casino, that they would bet millions, and the casino wouldn’t question where the money came from. If this understanding broke down, the Chinese players would immediately leave the casino for good.
The CEO was also questioned about one notorious Chinese gambler named Li Lin Sha, who would often gamble millions at casinos throughout Canada. Sha had been banned by the BC Lottery Corporation after going on a wild all-night party binge which saw him sexually molest a VIP host in the River Rock casino.
Authorities wanted to know why Sha had been able to make over 500 suspicious large cash transactions within the casino from 2005 to 2016.
It was also revealed that despite his ban, senior casino executives had grouped together and lobbied to get the ban reduced to just three months. They offered Sha a number of perks and apologized for the inconvenience. They went out of their way to retain him as a customer.
Sha was also questioned by authorities and admitted to receiving frequent and large cash drops. At the time of questioning, Sha was in possession of over $3 million worth of casino chips. He said he was in frequent contact with gambling identities in Macau, China, and Hong Kong, who would help organize the cash drops. Sha would then be instructed on when and where the money will be delivered.
Authorities believe that junket companies and organized crime groups in China were working with locally-based Chinese criminals to move money around and give access to Chinese high rollers. The Chinese high rollers would then settle their accounts in China while the casino chips would be handed back to the criminal groups who now were in possession of laundered funds.