Monday, December 16, 2013

Commentary|Gambling Shops Laundering Money

Whenever bosses declare certain words as taboo, employees will be curious about the rationale behind the move. Ladbrokes, the biggest bookmaker in the United Kingdom, banned the words "children", "smashed" and "money laundering" in their company papers. Being in the gambling industry the rationale here was obvious.

Drug money washed at Gambling Shops

Many times we had our adolescence fans from the forum claim that they can't get pass the security check to get into the casino. Yet, others have said the security just need the right motivation in their pockets to let them in. People would sell their consciences if the price is right and that happens anywhere in the word. XingCai's article show the a few place who were slag in this area.

When covering bad financial year due to bad weather, XingCai used simple arithmetic and plain English to expose the possibility of high vandalism cost that the bookies were hiding. The "smashing" part of the article confirmed her doubt.

Before the computer age, keeping track of money laundering rely solely on the eye in the sky. There is simply not enough manpower to keep track of everyone. I am amazed that the United Kingdom can let people get away with it during the information age. With the fixed odds betting terminal being computer based, tracking is simpler. I guess when is comes to corruption, these developed countries are not any better.

More on XingCai's Webpage.



5 comments:

  1. Sweeping dirt under the carpet hides embarrassment but beware of whistle blowers.

    ReplyDelete
    Replies
    1. Omission of certain words in documents indicates that there is something to hide because the words are sensitive and causes embarrassment.

      Delete
  2. Would you allow the young to gamble if your subsistence depends on it or find another job?

    ReplyDelete
    Replies
    1. The answer your question, Abby Zhang, is "No" but if I had to feed my child too it may be a different answer.

      Delete
  3. Paying the price of casino's house edge to get your money washed is a good deal.

    ReplyDelete