– How is gambling used to launder money?

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Especially in reference to casinos?

Edit: since I’ve gotten some answers, I want to add: is it possible to use sports betting to launder as well?

In: Economics

16 Answers

Anonymous 0 Comments

Casinos are a very cash heavy business, so it’s fairly easy to launder money through a casino you own. Have your associates take the illegally-earned money and go to the casino you own, then have them lose all the money gambling. On your own books, it looks like entirely legal income.

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