Australian (ASX) Stock Market Forum

Reply to thread

The Pokies and  the Casino are one of the core supporters of money laundering. Always have been, always will be.


Apart from money laundering both orgs rake much of their profit from the small core of punters they mercilessly turn into gambling addicts. The public statements around pokies and casinos is that they are "gaming" venues (not gambling...) That people go for a fun flutter and night out.


Utter baloney. There is no way casinos can make  serious money from punters who have a flutter and drop say a 2-4K a year - which is not  nothing. No, you have to create the suckers who drain their lives dry and then steal from their businesses, their partners, the banks. Who then  end up bankrupt  and desperate and take half a dozen others down with them.


And then,  when they go to the wall or  cut their throat in the casino toilets, you have to replace them with more suckers. Its a tough business but someone has to do it eh ?


[URL unfurl="true"]https://www.abc.net.au/news/2022-10-26/nsw-crime-commission-inquiry-into-pokies-money-laundering-report/101577568[/URL]

[URL unfurl="true"]https://www.smh.com.au/national/sydney-s-mini-casino-pokies-venues-targeted-by-professional-money-launderers-20211208-p59g0a.html[/URL]

[URL unfurl="true"]https://www.abc.net.au/news/2023-07-20/rare-look-inside-finances-of-disgraced-casino-operator-crown/102617766[/URL]

https://www.smh.com.au/business/companies/the-deceit-the-crime-the-destroyed-lives-how-australia-lost-its-gamble-on casinos-20220331-p5a9q7.html

[URL unfurl="true"]https://theconversation.com/more-than-just-financial-loss-the-social-impact-of-gambling-cannot-be-underestimated-86256[/URL]


Top