No it doesn’t.
It works like this.
The gambler places many millions of dollars of bets.
He wins five million dollars.
He loses five and a half million dollars. He walks out with five million, the casino keeps five and a half million.
The money has been laundered and the casino makes a net profit of half a million.
In video poker, the casino percentage is about 2 percent, so the casino profit would only be about $100,000 on five million in transactions.
That would work. What’s max bet on 1 video poker round.
Assuming that he is laundering someone else’s money, are those people really willing to lose a half million dollars to launder five and a half million dollars?