17, 3 月 2022
Brook Casino in NH Helped Drug Lord and Mom Launder Cash, Feds Say

Brook Casino in NH Helped Drug Lord and Mom Launder Cash, Feds Say Posted on: March 16, 2022, 04:10h.  Last updated on: March 16, 2022, 04:27h.
Philip Conneller
@casinoorgphilc
Read More Expertise:
Crime,
Gaming Business,
Regulation.


A drugs kingpin from Lynn, Mass. pleaded guilty Tuesday to flooding the North Shore area with hundreds and thousands of
fentanyl pills over a three-year period. Vincent “Fatz” Caruso favored accumulator bets to wash his alleged drug money, an unconventional method of casino money laundering. (Image: Salem News) According to court filings, Vincent “Fatz” Caruso laundered at least some of his ill-gotten gains through the sportsbook at the Brook Casino in Seabrook, NH. He made regular trips to the casino with his co-defendant and mother, Laurie Caruso, federal prosecutors said. Caruso is accused of heading up a drug network that manufactured and distributed fentanyl disguised as Percocet pills. These sold on the street for $10 to $12 each. His network of runners and distributors, which included his own mother, also dealt cocaine and marijuana. The alleged gangster pleaded guilty to charges of conspiracy to manufacture and distribute drugs, conspiracy to use firearms in a drug offense, using or carrying a firearm in furtherance of a drug crime, conspiracy to commit robbery, and conspiracy to commit money laundering. Caruso’s operation had links to local street gangs the Tiny Rascal Gang and the Little Crip Gangsters. He bragged online about owning six pill presses, including one machine that could produce 15,000 fentanyl pills an hour. Fentanyl is a synthetic opiate that’s cheaper and more powerful than heroin. According to the Massachusetts Department of Health, there were 1,895 opioid-related overdose deaths in 2020, where a toxicology screen was also available. Of these, 92 percent were linked to fentanyl. The potential for overdosing on the drug is high because a deadly dose can be as little as 2 milligrams. Washing in the Brook Investigators obtained records from The Brook Casino. They found that Caruso, his mother, and another codefendant, Nicole Benton, had been betting big at its sports book using Benton’s VIP card. According to FBI investigators, the Carusos and Benton were careful to wager amounts below $10,000. This is the threshold at which a casino must file a currency transaction report (CTR) with financial authorities. They favored accumulator bets featuring favorites, because these offered high returns on relatively low stakes when one came in. Between February and June 2021, the trio placed 150 bets in cash totaling more than $400,000. They lost approximately $20,000 during that period. But this meant they were able to covert $380,000 in allegedly dirty money into “legitimate” casino winnings. ‘Gangster Influencer’ Another defendant in the case is Ernest Johnson, known to his friends and social media followers as “Yo Pesci” or “Mr Live, Mr Drive.” Johnson has become something of a “gangster influencer” on social media for detailing his involvement in shootings, beatings, and drug trafficking. The video that launched Johnson’s internet celebrity went viral because he was shot at while filming himself in his car. Caruso has prior arrests for firearms, home invasion, robbery, assault, and drug offenses. He is closely connected to a rap outfit called Epic Nation the Label and was recently sentenced to 15 days in jail for breaking into a property to shoot a music video with the group. He faces 15 years to life in prison when he is sentenced June 30 Related News Articles

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New Jersey Police Seek Man Who Allegedly Used Atlantic City Casinos to Launder Meth Money

Underground New Jersey Casino Network Busted, Authorities Say Defendants At Large

17, 3 月 2022
Brook Casino in NH Helped Drug Lord and Mom Launder Cash, Feds Say

Brook Casino in NH Helped Drug Lord and Mom Launder Cash, Feds Say Posted on: March 16, 2022, 04:10h.  Last updated on: March 16, 2022, 04:27h.
Philip Conneller
@casinoorgphilc
Read More Expertise:
Crime,
Gaming Business,
Regulation.


A drugs kingpin from Lynn, Mass. pleaded guilty Tuesday to flooding the North Shore area with hundreds and thousands of
fentanyl pills over a three-year period. Vincent “Fatz” Caruso favored accumulator bets to wash his alleged drug money, an unconventional method of casino money laundering. (Image: Salem News) According to court filings, Vincent “Fatz” Caruso laundered at least some of his ill-gotten gains through the sportsbook at the Brook Casino in Seabrook, NH. He made regular trips to the casino with his co-defendant and mother, Laurie Caruso, federal prosecutors said. Caruso is accused of heading up a drug network that manufactured and distributed fentanyl disguised as Percocet pills. These sold on the street for $10 to $12 each. His network of runners and distributors, which included his own mother, also dealt cocaine and marijuana. The alleged gangster pleaded guilty to charges of conspiracy to manufacture and distribute drugs, conspiracy to use firearms in a drug offense, using or carrying a firearm in furtherance of a drug crime, conspiracy to commit robbery, and conspiracy to commit money laundering. Caruso’s operation had links to local street gangs the Tiny Rascal Gang and the Little Crip Gangsters. He bragged online about owning six pill presses, including one machine that could produce 15,000 fentanyl pills an hour. Fentanyl is a synthetic opiate that’s cheaper and more powerful than heroin. According to the Massachusetts Department of Health, there were 1,895 opioid-related overdose deaths in 2020, where a toxicology screen was also available. Of these, 92 percent were linked to fentanyl. The potential for overdosing on the drug is high because a deadly dose can be as little as 2 milligrams. Washing in the Brook Investigators obtained records from The Brook Casino. They found that Caruso, his mother, and another codefendant, Nicole Benton, had been betting big at its sports book using Benton’s VIP card. According to FBI investigators, the Carusos and Benton were careful to wager amounts below $10,000. This is the threshold at which a casino must file a currency transaction report (CTR) with financial authorities. They favored accumulator bets featuring favorites, because these offered high returns on relatively low stakes when one came in. Between February and June 2021, the trio placed 150 bets in cash totaling more than $400,000. They lost approximately $20,000 during that period. But this meant they were able to covert $380,000 in allegedly dirty money into “legitimate” casino winnings. ‘Gangster Influencer’ Another defendant in the case is Ernest Johnson, known to his friends and social media followers as “Yo Pesci” or “Mr Live, Mr Drive.” Johnson has become something of a “gangster influencer” on social media for detailing his involvement in shootings, beatings, and drug trafficking. The video that launched Johnson’s internet celebrity went viral because he was shot at while filming himself in his car. Caruso has prior arrests for firearms, home invasion, robbery, assault, and drug offenses. He is closely connected to a rap outfit called Epic Nation the Label and was recently sentenced to 15 days in jail for breaking into a property to shoot a music video with the group. He faces 15 years to life in prison when he is sentenced June 30 Related News Articles

Las Vegas Suspects Among 150 Nabbed in Cocaine Case, $31.6M Seized Globally

Fake VIP Room Hoax Henchmen Sentenced in Macau

British Columbia’s Biggest Ever Casino Money Laundering Prosecution Case Falls Apart

New Jersey Police Seek Man Who Allegedly Used Atlantic City Casinos to Launder Meth Money

Underground New Jersey Casino Network Busted, Authorities Say Defendants At Large

17, 3 月 2022
Massachusetts Casino Tax Benefit to Commonwealth Eclipses $1B

Massachusetts Casino Tax Benefit to Commonwealth Eclipses $1B Posted on: March 16, 2022, 04:18h.  Last updated on: March 16, 2022, 04:31h.
Devin O’Connor
@CasinoorgDevinO
Read More Expertise:
Commercial Gaming,
Entertainment,
Novelty Betting,
Politics.


Massachusetts legalized commercial gambling in 2011 with its Expanded Gaming Act. The bill authorized as many as three destination resort casinos, plus a slots-only facility.    Then-Massachusetts Gov. Deval Patrick shakes hands with then-Speaker Robert DeLeo after signing a bill legalizing casino gambling in Massachusetts on November 22, 2011. A little more than a decade later, Massachusetts has received more than $1 billion in gaming taxes. (Image: AP) More than a decade since then-Governor Deval Patrick (D) signed the Expanded Gaming Act, Massachusetts today is home to two destination casinos — Encore Boston Harbor and MGM Springfield — plus a slots parlor with Plainridge Park. The state’s gamble on commercial casinos has certainly paid off. The Massachusetts Gaming Commission (MGC) this week announced that the three gaming properties have collectively directed more than $1 billion in gaming taxes to the commonwealth. Just over 11 years since this law was signed, the Commonwealth has collected over $1 billion in total taxes and assessments from casinos operating in Massachusetts. This revenue has and continues to benefit the Massachusetts economy by bolstering local aid, funding transportation and infrastructure projects, ensuring essential community mitigation initiatives are backed, and that the health and safety of the industry and those who engage with it are a top priority,” said MGC Chair Cathy Judd-Stein. The MGC still
possesses one final destination casino license earmarked for the state’s southeastern region. Market saturation concerns because of commercial casinos in nearby Rhode Island, plus an ongoing effort by a Massachusetts tribe to build a
gaming property in Taunton, have resulted in the MGC holding on to the concession. Industry Success Plainridge Park was the first casino in Massachusetts to open after the Expanded Gaming Act’s passage. The slots began ringing at the horse racetrack in June of 2015. MGM Springfield, a $960 million undertaking, was the first destination casino to open in August of 2018. Encore Boston Harbor, which was originally going to be named Wynn Boston Harbor before career-ending sexual misconduct allegations were levied against Steve Wynn in early 2018, opened in June of the following year. MGM Resorts and Wynn Resorts each paid Massachusetts $85 million for their destination casino licenses. Penn National Gaming, which operates Plainridge, was required to pay a $25 million one-time fee. The two categories of gaming licenses are taxed drastically differently. MGM and Encore gross gaming revenue (GGR) is subject to a 25% tax, while Plainridge’s slots direct 49% of their win to the government. February Rebound The MGC also announced today February GGR numbers, and the report signals that the three casinos are nearly back to pre-pandemic business levels. GGR last month totaled $85.5 million — just shy of the $86 million the three casinos won in February of 2020. Encore continues to dominate the state gaming industry. The Wynn Resorts property won $54.7 million off of gamblers last month. MGM was a distant second at $19.9 million, and Plainridge third at $10.9 million. Massachusetts could soon have another gaming tax generator. Legislative
discussions surrounding sports betting continue in Boston. But even if sportsbooks are authorized in the commonwealth, state lawmakers would be smart not to overly project a bounty of new tax income from the expanded gaming. Sports betting is a low-margin business, which is why associated tax revenue is minimal compared with slot machines and even table games. Related News Articles

COVID-19 Restrictions on Massachusetts Casinos Lifting This Weekend

Massachusetts Casinos Set Monthly Revenue Record, July Win Totals $96M

Encore Boston Harbor Gaming Revenue Dips in September, MGM Springfield Posts Second-Worst Month of 2019

June Gloom For MGM Springfield as Gaming Revenue Slumps 10.5 Percent From May, Second-Worst Month Since Opening

Wynn Land Deal Shows Deep Connections Between Wynn, Trump, and Ruffin

17, 3 月 2022
Massachusetts Casino Tax Benefit to Commonwealth Eclipses $1B

Massachusetts Casino Tax Benefit to Commonwealth Eclipses $1B Posted on: March 16, 2022, 04:18h.  Last updated on: March 16, 2022, 04:31h.
Devin O’Connor
@CasinoorgDevinO
Read More Expertise:
Commercial Gaming,
Entertainment,
Novelty Betting,
Politics.


Massachusetts legalized commercial gambling in 2011 with its Expanded Gaming Act. The bill authorized as many as three destination resort casinos, plus a slots-only facility.    Then-Massachusetts Gov. Deval Patrick shakes hands with then-Speaker Robert DeLeo after signing a bill legalizing casino gambling in Massachusetts on November 22, 2011. A little more than a decade later, Massachusetts has received more than $1 billion in gaming taxes. (Image: AP) More than a decade since then-Governor Deval Patrick (D) signed the Expanded Gaming Act, Massachusetts today is home to two destination casinos — Encore Boston Harbor and MGM Springfield — plus a slots parlor with Plainridge Park. The state’s gamble on commercial casinos has certainly paid off. The Massachusetts Gaming Commission (MGC) this week announced that the three gaming properties have collectively directed more than $1 billion in gaming taxes to the commonwealth. Just over 11 years since this law was signed, the Commonwealth has collected over $1 billion in total taxes and assessments from casinos operating in Massachusetts. This revenue has and continues to benefit the Massachusetts economy by bolstering local aid, funding transportation and infrastructure projects, ensuring essential community mitigation initiatives are backed, and that the health and safety of the industry and those who engage with it are a top priority,” said MGC Chair Cathy Judd-Stein. The MGC still
possesses one final destination casino license earmarked for the state’s southeastern region. Market saturation concerns because of commercial casinos in nearby Rhode Island, plus an ongoing effort by a Massachusetts tribe to build a
gaming property in Taunton, have resulted in the MGC holding on to the concession. Industry Success Plainridge Park was the first casino in Massachusetts to open after the Expanded Gaming Act’s passage. The slots began ringing at the horse racetrack in June of 2015. MGM Springfield, a $960 million undertaking, was the first destination casino to open in August of 2018. Encore Boston Harbor, which was originally going to be named Wynn Boston Harbor before career-ending sexual misconduct allegations were levied against Steve Wynn in early 2018, opened in June of the following year. MGM Resorts and Wynn Resorts each paid Massachusetts $85 million for their destination casino licenses. Penn National Gaming, which operates Plainridge, was required to pay a $25 million one-time fee. The two categories of gaming licenses are taxed drastically differently. MGM and Encore gross gaming revenue (GGR) is subject to a 25% tax, while Plainridge’s slots direct 49% of their win to the government. February Rebound The MGC also announced today February GGR numbers, and the report signals that the three casinos are nearly back to pre-pandemic business levels. GGR last month totaled $85.5 million — just shy of the $86 million the three casinos won in February of 2020. Encore continues to dominate the state gaming industry. The Wynn Resorts property won $54.7 million off of gamblers last month. MGM was a distant second at $19.9 million, and Plainridge third at $10.9 million. Massachusetts could soon have another gaming tax generator. Legislative
discussions surrounding sports betting continue in Boston. But even if sportsbooks are authorized in the commonwealth, state lawmakers would be smart not to overly project a bounty of new tax income from the expanded gaming. Sports betting is a low-margin business, which is why associated tax revenue is minimal compared with slot machines and even table games. Related News Articles

COVID-19 Restrictions on Massachusetts Casinos Lifting This Weekend

Massachusetts Casinos Set Monthly Revenue Record, July Win Totals $96M

Encore Boston Harbor Gaming Revenue Dips in September, MGM Springfield Posts Second-Worst Month of 2019

June Gloom For MGM Springfield as Gaming Revenue Slumps 10.5 Percent From May, Second-Worst Month Since Opening

Wynn Land Deal Shows Deep Connections Between Wynn, Trump, and Ruffin

17, 3 月 2022
Massachusetts Casino Tax Benefit to Commonwealth Eclipses $1B

Massachusetts Casino Tax Benefit to Commonwealth Eclipses $1B Posted on: March 16, 2022, 04:18h.  Last updated on: March 16, 2022, 04:31h.
Devin O’Connor
@CasinoorgDevinO
Read More Expertise:
Commercial Gaming,
Entertainment,
Novelty Betting,
Politics.


Massachusetts legalized commercial gambling in 2011 with its Expanded Gaming Act. The bill authorized as many as three destination resort casinos, plus a slots-only facility.    Then-Massachusetts Gov. Deval Patrick shakes hands with then-Speaker Robert DeLeo after signing a bill legalizing casino gambling in Massachusetts on November 22, 2011. A little more than a decade later, Massachusetts has received more than $1 billion in gaming taxes. (Image: AP) More than a decade since then-Governor Deval Patrick (D) signed the Expanded Gaming Act, Massachusetts today is home to two destination casinos — Encore Boston Harbor and MGM Springfield — plus a slots parlor with Plainridge Park. The state’s gamble on commercial casinos has certainly paid off. The Massachusetts Gaming Commission (MGC) this week announced that the three gaming properties have collectively directed more than $1 billion in gaming taxes to the commonwealth. Just over 11 years since this law was signed, the Commonwealth has collected over $1 billion in total taxes and assessments from casinos operating in Massachusetts. This revenue has and continues to benefit the Massachusetts economy by bolstering local aid, funding transportation and infrastructure projects, ensuring essential community mitigation initiatives are backed, and that the health and safety of the industry and those who engage with it are a top priority,” said MGC Chair Cathy Judd-Stein. The MGC still
possesses one final destination casino license earmarked for the state’s southeastern region. Market saturation concerns because of commercial casinos in nearby Rhode Island, plus an ongoing effort by a Massachusetts tribe to build a
gaming property in Taunton, have resulted in the MGC holding on to the concession. Industry Success Plainridge Park was the first casino in Massachusetts to open after the Expanded Gaming Act’s passage. The slots began ringing at the horse racetrack in June of 2015. MGM Springfield, a $960 million undertaking, was the first destination casino to open in August of 2018. Encore Boston Harbor, which was originally going to be named Wynn Boston Harbor before career-ending sexual misconduct allegations were levied against Steve Wynn in early 2018, opened in June of the following year. MGM Resorts and Wynn Resorts each paid Massachusetts $85 million for their destination casino licenses. Penn National Gaming, which operates Plainridge, was required to pay a $25 million one-time fee. The two categories of gaming licenses are taxed drastically differently. MGM and Encore gross gaming revenue (GGR) is subject to a 25% tax, while Plainridge’s slots direct 49% of their win to the government. February Rebound The MGC also announced today February GGR numbers, and the report signals that the three casinos are nearly back to pre-pandemic business levels. GGR last month totaled $85.5 million — just shy of the $86 million the three casinos won in February of 2020. Encore continues to dominate the state gaming industry. The Wynn Resorts property won $54.7 million off of gamblers last month. MGM was a distant second at $19.9 million, and Plainridge third at $10.9 million. Massachusetts could soon have another gaming tax generator. Legislative
discussions surrounding sports betting continue in Boston. But even if sportsbooks are authorized in the commonwealth, state lawmakers would be smart not to overly project a bounty of new tax income from the expanded gaming. Sports betting is a low-margin business, which is why associated tax revenue is minimal compared with slot machines and even table games. Related News Articles

COVID-19 Restrictions on Massachusetts Casinos Lifting This Weekend

Massachusetts Casinos Set Monthly Revenue Record, July Win Totals $96M

Encore Boston Harbor Gaming Revenue Dips in September, MGM Springfield Posts Second-Worst Month of 2019

June Gloom For MGM Springfield as Gaming Revenue Slumps 10.5 Percent From May, Second-Worst Month Since Opening

Wynn Land Deal Shows Deep Connections Between Wynn, Trump, and Ruffin