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> The Venetian cleared >$300 million after costs in 2014. It'd be a pretty bizarro-world decision to jeopardize that for more money. They also had to pay $50 m
by objclxt 10y ago
> The Venetian cleared >$300 million after costs in 2014. It'd be a pretty bizarro-world decision to jeopardize that for more money.
They also had to pay $50 million dollars the previous year to the government as a settlement for money laundering, and has been in hot water for allegedly paying bribes to secure casinos in China[1]. Their business isn't exactly squeaky clean as it is.
[1]:http://www.nytimes.com/2013/03/03/business/in-filing-casino-operator-admits-likely-violation-of-an-antibribery-law.html?_r=1 http://www.nytimes.com/2013/03/03/business/in-filing-casino-...
- Bartweiss 10y agoAbsolutely - I wouldn't for a minute assume casino organizations are clean, especially abroad where they might feel safer from domestic prosecution. I just don't think diversifying into unrelated and personally-criminal activities would make much sense.