A cynic might posit that glitches that only leak a few million here and there provide plausible deniability and cover for any larger amounts that might drift on the house books:
In 2021 a joint report by the Sydney Morning Herald the Age, and the television program 60 Minutes, found that Star management had been warned that it's anti-money laundering controls were inadequate and that between 2014 and 2021 Star had attempted to recruit high rollers who were allegedly linked to criminal or foreign-influence activities.
anti-money laundering controls are a waste of time when it relies on a complete ringfence globally between the cash economy and electronic one that a single link can undermine
foreign criminal groups can get financed and terrorism isn’t expensive enough to warrant this effort, as thats ostensibly the purpose of AML controls
once again for whoever needs to hear this: the only reason people aren’t flying planes into buildings is because they don't want to
I kinda get poker, blackjack, etc. as there's at least a human element to it.
But slots...oh boy. They're predetermined and if it goes off script, you don't actually win, sorry. In that case, I think the gamification of it should be outlawed altogether as misleading consumers. How many people would use slots if it were just putting a dollar in the slot, then a screen saying 'lose' and that's that? Because that's exactly what's happening behind the scenes.
9 comments
[ 4.2 ms ] story [ 29.2 ms ] threadI hate this aspect of state sponsored gambling
Its not just the "house" that always wins by probabilities, its backed by the state's courts. wtf is that.
anti-money laundering controls are a waste of time when it relies on a complete ringfence globally between the cash economy and electronic one that a single link can undermine
foreign criminal groups can get financed and terrorism isn’t expensive enough to warrant this effort, as thats ostensibly the purpose of AML controls
once again for whoever needs to hear this: the only reason people aren’t flying planes into buildings is because they don't want to
Can a single gambler launder enough for a criminal organization and do that by bags of cash ?
But slots...oh boy. They're predetermined and if it goes off script, you don't actually win, sorry. In that case, I think the gamification of it should be outlawed altogether as misleading consumers. How many people would use slots if it were just putting a dollar in the slot, then a screen saying 'lose' and that's that? Because that's exactly what's happening behind the scenes.
You’ll be surprised by the concept of “risk-free play”:
https://www.lpm.org/news/2024-03-08/gas-station-gambling-is-...