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Big-bucks cash deals at casino, docs show In ’16/’17, $2.5M in cash transactions over $10k Diane StranDBerg The Tri-CiTy News
High rollers carrying wads of cash but with no reported source of funds were gambling at the Hard Rock Casino Vancouver until a crackdown earlier this year stemmed the flow of suspicious cash, according to documents obtained by The Tri-City News through a freedom of information request. The Coquitlam casino accepted $2.5 million in cash transactions over $10,000 from gambling patrons between 2016 and 2017. But once tougher reporting rules were put in place in January 2018, gamblers with cash were turned away if they couldn’t provide bank receipts documenting the source of their money. Compared to River Rock casino in Richmond, where $13.5 million in cash was
accepted in a single month in 2015, the number of large cash transactions at the Coquitlam casino have been relatively small. Still, the Hard Rock had its share of gamblers who spent big money in 2016/’17, most of the cash from unknown sources. The information was contained in reports to the Gaming Policy and Enforcement Branch Compliance Division (GPEB), which requires that casinos report suspicious financial transaction. The FOI documents obtained by The TriCity News covered a period between January 2015 and May 2018. Some $57,000 in suspicious cash transactions was recorded in 2015, with amounts ramping up to $1.48 million in 2016 and dropping to $1.051 million in ’17. On Jan. 7, 2016, for example, someone made a cash buy-in to play at a high-limit table with $70,020 in $20 bills and later topped that up with a further $2,000 in $20 bills. see BIG CASH, page 3
MARIO BARTEL/THE TRI-CITY NEWS
Steve Nicklen, the systems technician at Coquitlam Public Library, shows some of the old analogue media the library’s new digitization station at its Poirier branch will be able to convert to current digital formats. For more on this service, see story on page 23.
ORANGE DAY Port Moody school marks Orange shirt Day as recognition of residential schools: see page 9
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