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To: Freedom of Speech Wins

So casino chips are now a financial instrument subject to reporting when purchasing them? Creative. The Sands appears to certainly have stabbed every other casino in the back by settling.


4 posted on 11/22/2014 7:51:04 PM PST by kingu (Everything starts with slashing the size and scope of the federal government.)
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To: kingu

Any time you have a transaction of $10,000 or more or a series of transactions that could hit that amount in a day, the casino is legally obligated to file a cash transaction report with the IRS.

Chances are, an unhappy employee blew the whistle on informal policies to allow high rollers to cash out in $8,000 increments without filing forms. Most casinos are unionized and no one hates their employers more than union workers.


14 posted on 11/22/2014 7:59:38 PM PST by MediaMole
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