Posted on 10/03/2017 10:26:58 AM PDT by Red Badger
Mandalay Bay shooter Stephen Paddock gambled with at least $160,000 in the past several weeks at Las Vegas casinos, according to multiple senior law enforcement officials.
There were 16 separate Currency Transaction Reports, or CTRS, filed for Paddock in recent weeks. The Treasury Department and the IRS mandate that casinos have to file the reports for "each transaction in currency involving cash-in and cash-out of more than $10,000 in a gaming day."
The reports don't show whether Paddock won or lost or both on the days in question. They do show that on same days there were multiple transactions.
A source familiar with the investigation told NBC News that Paddock was a frequent player "with the highest status" at Caesars Entertainment properties in Las Vegas.
According to the company's website, the top level for gamblers is Seven Stars Tier Status, which is by invitation only and subject to alteration or cancellation. Privileges include comped rooms, room upgrades, player credits, and access to "signature experiences."
Paddock lost a slip-and-fall lawsuit against another Vegas casino, the Cosmopolitan Hotel. He still owed $270 in court fees when he killed himself and 59 other people Sunday.
Security video from the Cosmopolitan Hotel shows Paddock slipping and falling on Oct. 30, 2011, as he walked from a hotel shop towards a high-stakes area in the casino. Paddock said he had slipped in a puddle of liquid and sued the hotel in 2012, initially asking for $100,000, according to the attorney for the hotel, Marty Kravitz.
Paddock reported incurring more than in $32,000 in medical bills, and also wanted to be paid for pain and suffering. Security video shows him getting medical attention and then being stretchered out of the casino.
"They always ask for a lot more than they can get, but he got nothing," said Kravitz.
The arbitrator ruled in favor of the casino and dismissed allegations of negligence as "without merit."
Mandalay Bay shooter Stephen Paddock gambled with at least $160,000 in the past several weeks at Las Vegas casinos, according to multiple senior law enforcement officials.
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Obviously, he’d been planning this massacre for some time. What’s in any way surprising about him gambling large amounts of money if he knew he wasn’t going to be around to enjoy it?
Nah. He was worth more than five million.
I think he had been planning for at least a little while, but for a high-stakes gambler (which he apparently was or had become) $160K in a few weeks is not a big deal. He was well off, supposedly from real estate investments.
This tells us nothing. If he bought 15K worth of chips, then cashed in 14K worth of chips 6 hours later it would be two “high stakes transactions” but account for only a grand worth of losses. Do this for a month and he would have over a dozen “high stakes transactions” involving will over 100K but might only end up being five grand up or down over the whole period. There’s no way to know with this info.
This doesn’t sound like a guy who just “snapped”. The media will try to make anger at the casinos the motive, but what is 32 grand to a guy they describe as a “multi millionaire”. For what it’s worth, the 9/11 jihadis hit up bars and strip clubs in the weeks leading up to the attacks.
To be Seven Star at Caesars, you gotta spend a butt load. Mandalay Bay is an MGM property so, what was he spending there? Guess it’s all moot at this point. Unless someone is looking for a big loss recently scenario. But I kinda don’t think that was a driver in this deal.
What if he was winning?
Casino buys put options on their own stock.
Shoots up the crowd.
Leaves his body in the room before police can get there.
Casino wins on puts and on having to pay him.
/Super conspiracy mode off
I’ve been saying for more than 24 hours now that this guy seems to fit the profile of someone who was laundering money for someone — perhaps for clients outside the country.
I’m wondering if he was just angry about losing his lawsuit and wanted to hurt the casinos.
Maybe they should autopsy this scum bag and see if there was an underlying terminal illness too
No, I agree. His gambling losses or wins had nothing to do with this.
I have been saying the US needs to charge the girl friend with accessory,extradite her ass back to the US and deal with the legal limbo jumbo later.
Get her to spill her guts because she,like the Orlando woman and know more than whats ou t there
“You’re a funny guy”
He’s a multi millionaire on paper,in property holdings, not cash.
Hell I am a millionaire but need to budget
I am thinking, he was thinking...
I win, I go home.
I lose, I make them pay.
hehe I am a multi-millionaire and still clip coupons :P
I think the autopsy is an automatic.
without time stamped and dated vids from the casino ... this report is BS
right, same here.Its amazing that a million bucks don’t mean crap theses days.
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