18:16:10 EDT Tue 16 Apr 2024
Enter Symbol
or Name
USA
CA



Great Canadian Gaming Corp
Symbol GC
Shares Issued 60,868,590
Close 2018-01-09 C$ 33.68
Market Cap C$ 2,050,054,111
Recent Sedar Documents

Van Sun says Great Cdn hears about "whale" gamblers

2018-01-09 08:58 ET - In the News

The Vancouver Sun reports in its Tuesday edition that B.C. Lottery Corp. casinos rely heavily on large transactions from Asian "whale" gamblers, but revenue connected to this high-roller group could be affected by factors including China's hunt for alleged financial fugitives. The Sun's Sam Cooper writes that observations about BCLC's reliance on so-called "whale" gamblers from China and Macau, and the risks associated to the revenue that VIP gamblers are pouring into B.C. government coffers, are revealed in a slide presentation prepared by BCLC's anti-money-laundering director, Ross Alderson. The slides, disclosed to Postmedia in a freedom of information request, were presented in November, 2016, by Mr. Alderson and BCLC, to certified fraud examiners. BCLC refused to provide a transcript of Mr. Alderson's remarks during the presentation. Information in Mr. Alderson's prepared slides provides background context about a network of ultrawealthy VIP bettors from China. These VIPs were used by an organized crime group with ties to China to buy chips in B.C. casinos with cash suspected to be from drug traffickers. Of the top 100 BCLC high-rollers, in the period of January to September, 2016, 97 were Asian.

© 2024 Canjex Publishing Ltd. All rights reserved.