Gulfstream Casino and Racing Faces Investigation of Possible Theft Ring.
It's been reported in a number of newspapers over the past few days that the Gulfstream Casino and Racing in Hallandale Beach Florida is currently undergoing an investigation by the Florida Department of Law Enforcement.
While no specific details were given, it is reported that the investigation has to do with 'slot promotions' the casino offers. They offer 'free play cards' hoping to entice slot players to visit the casino and gamble offering 'non transferable' credits that can only be used for slot play. The gambler can only cash in winnings only if it exceeds the card's original value. (Almost every casino in the US has this type of promo.)
It's alleged that casino employees exploited this promotion by playing with large amounts of money on the cards or selling them. While this could mean that employees were stealing from Gulfstream, it could also mean it was used as a larger plan from higher up the ladder. (Promotional credits have a direct tie to tax calculations the casinos pay to the state.)
It should be interesting to see what comes of this investigation. From the reports, actual customers were not victimized. Lets hope that the owners fix the issue if one is found and that anyone associated with this is fired and prosecuted to the fullest extent of the law. With all of the checks and balances in Florida, it's only a matter of time before they get caught. Every business has some kind of exposure to employee theft and or corruption. I just hope it doesn't get some people pointing fingers at all casinos and saying "See?? We told you."
While no specific details were given, it is reported that the investigation has to do with 'slot promotions' the casino offers. They offer 'free play cards' hoping to entice slot players to visit the casino and gamble offering 'non transferable' credits that can only be used for slot play. The gambler can only cash in winnings only if it exceeds the card's original value. (Almost every casino in the US has this type of promo.)
It's alleged that casino employees exploited this promotion by playing with large amounts of money on the cards or selling them. While this could mean that employees were stealing from Gulfstream, it could also mean it was used as a larger plan from higher up the ladder. (Promotional credits have a direct tie to tax calculations the casinos pay to the state.)
It should be interesting to see what comes of this investigation. From the reports, actual customers were not victimized. Lets hope that the owners fix the issue if one is found and that anyone associated with this is fired and prosecuted to the fullest extent of the law. With all of the checks and balances in Florida, it's only a matter of time before they get caught. Every business has some kind of exposure to employee theft and or corruption. I just hope it doesn't get some people pointing fingers at all casinos and saying "See?? We told you."


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