why cant we have a casino?

[mojo101]

I was watching the movie Groupier by Clive Owen,a woman comes in with 3K chips,no win no gain,she went back to the cage ,turn in her chips and got a 3k casino check,thats money laundering.
BACK THEN middle class Venezuelans who have credit cards can buy a ticket to Aruba(Venezuelan citizens are allowed to enter the country with $3000),they go to the casino and use their Venezuelan credit card to buy 3000 dollars worth of chips.
They either sit at the bar with a drink or walk on the beach,then return to the casino and cash in their chips ,return home with $3k cash.
Now when their cc statement comes at monthend,it shows they need to pay back Bolivar equivalent of US$3K.USING the official exchange rate lets say it is 100,000 bolivars.
But the black market rate is much lower,so the guy is able to buy 100,000 bolivar with US$1600.
SO what is the end result-he gets a free vacation plus US$1400.
Do this once a week,and you make $70K in a year.(sounds too good to be true if he can do this every week)
I dont know what is going on now,as the bolivar has gone thru the toilet,I heard Argentinians were doing it,so were the Mexicans at one time.

[crone]

Originally Posted by WRM20

The Balinese Room. Illegal gambling that law enforcement turned a blind eye to. Operated by the Maceo family. https://en.wikipedia.org/wiki/Balinese_Room

Fertitta is related to the Maceos https://www.truehoop.com/p/fertitta-family-history?s=r

Thanks for the links.

[Dopo]

Originally Posted by mojo101

BACK THEN middle class Venezuelans who have credit cards can buy a ticket to Aruba(Venezuelan citizens are allowed to enter the country with $3000),they go to the casino and use their Venezuelan credit card to buy 3000 dollars worth of chips.

Don’t go into that topic,
It took me a long time to understand that mess
But what you said it’s true, around 2012-2014, Venezuelans could travel to other countries, find a business that would let them get cash back from their credit card, and at end, they would end up with a free vacation and cash in their hands.

[mojo101]

can they still do it now,as the currency situation is worse,it is worthless,

[ParaguaneroSwag]

Fertitta’s new property on the Vegas strip that will be “ultra high end” is looking like it will be branded a Post Oak Hotel (same as his hotel in Uptown Houston).

I wonder if given a future of Texas legal gambling does occur, would he add a casino to the property or open something else elsewhere? He also owns the Westin Hotel next to the Convention Center which would be a prime location to be rebranded Golden Nugget or something else.