Topic: Casino Junket Operator (Read 636 times)

Are they really going to take the investigation to the Senate? I'm aware that the amount involved is substantial, but I believe it hasn't affected the majority of Filipinos. Investors here are not poor people who are desperate to earn big money; they live a comfortable lives, which is why they can afford to invest hundreds of thousands or even millions. Even if those behind the scam will be jailed, there will still be other scammers who will emerge with new schemes, possibly scamming even more people through different platforms.

I highlighted some of the most popular investment scheme in the Phiilipines below. It's worth noting that there have been previous scams that involved many less fortunate individuals, but no Senate investigation has taken place thus far IIRC. So, I'm skeptical that this new one will reach the Senate.


source ; https://www.imoney.ph/articles/top-biggest-financial-scams-philippines

I also know that investment schemes like this tend to be very risky but previously I said that whether the risk depends on where we invest and I also did not say that scheme like this is suitable as place to invest.
The first thing we need to realize is money when we have large amounts of money we can make bigger profits.
After all money is source of power for most people and they can do anything with large amounts of money.

Well, criminals know how to hide and eliminate traces of crimes they have committed.
If there are quite lot of members behind scheme like this then when there is suspicion or it is proven that they have committed mistake they will be behind it to hide and make one of the top parties the main suspect.
But the people behind it will use their money to make it a weapon strong enough to solve this problem.

I read some accusations regarding on the person who is the head of operation that been accused as scammers since if you look at those information discuss on social media we can see that they have done this scamming for so many times. They really put that physical business running and they have multiple branches on big casino in PH to make it more legit to the investors that's why they gather a lot of money coming from a lot of people especially that they are partnering with those social media stars to attract people to join on there schemes.

I guess we can see the updates regarding of those scheme on November since senate is having a recess and they will open this topic again so hopefully they can sue those people behind this large scale scamming so that they will be penalize. I also don't believe that they can recover the money stolen from people since for sure those scammers already secured the money away from authorities reached.

Unquestionably, casinos have changed over time. When casinos first opened, they were run by individuals who wanted to make their own place in the gaming world. To think about the part people played in keeping casinos going, it wasnt just about money; it was also about trust and relationships. So what about now? In the world of casinos, entrepreneurship by individuals is overshadowed by big businesses.

Looking more closely, we need to ask: Is it really about the size of the business, or is it more about the culture of business monopolization? Admittedly, individual efforts have been stifled. However, these huge businesses are supported by a web of donors, complex plans, and a different way of trusting. Concerning users putting in bankrolls, that idea is pretty much extinct, having been buried under huge corporate strategies and capital structures. Unquestionably, there has been a change, but is it for the better?

I read this post on Reddit the moment OP created this thread. This scheme started as legit Junket operation before since casino industry in PH especially in Manila is booming but now it decreased due to pandemic that makes online casino more popular for VIP that makes Junket operators like this become unprofitable.

They started to go in different by just getting investment using popular people and operate like ponzi scheme. The owner of this shady business is on abroad which implicates  that he is prepared to run when his scheme got busted.

So this kind of investment was already raise before, they have been operating for more than a year, no doubt they amassed a huge amount of money which was 200 million pesos per report, or probably even bigger than that.

This reddit post.... was a year ago... this refers to this specific investment.

https://www.reddit.com/r/phinvest/comments/w3gtgv/casino_junket_in_the_phillipines_a_scam_what_are/


And there's a poster who seemed defending the scheme, and here's his post.


From ; realgoodinvestment

Those investment options are no longer available at most casinos as the nature of casinos has changed significantly since those days, back then it was not rare for a single person to try to release their own casino, and even if they had the technical aspect completely dominated at some point they needed to get money for their own bankroll.

This is how investing on the bankroll of a casino became possible and it became popular for a time, but since then casinos have become operations that are too big for a single person to handle, so a massive amount of money is now needed to run a casino and the owners behind it do not have to rely on getting users interested to invest on their bankroll anymore.

There's no business that would really be able to sustain on giving out 5% monthly even if it means that there would really be investors into it. There's no such thing about guarantees and this is why these type of schemes is really that been known. We dont really have that full idea on how Casino Junket operator do operates on which if ever they are true then it might really not really that giving that 5% guaranteed on every month.If the said scammer would really be offering such guarantees and able to give payout or return on monthly basis which is common on ponzi schemes then tons of people would really be able to believe.
The amount had been accumulated is never been that small on which that there are tons who had been fall out with this kind of thing. When people would really be able to learn?
We do have so much similar schemes back in the past but this one might turn out to be unique since its a new word for us but in overall system then its just pretty obvious that it is a ponzi but still people
do continue to get victimized.

About those letting those scammers do fly in other countries then they had already that get prepared for that.As long there would really be no warrants or charges that they are facing on
then they would really be taking the advantage that they will really be going out in the country on which it is that hard for them to be hold on. If ever that case would be proven guilty
then it cant be sure that they would really be that get imprisoned.

Bustadice still offers bankroll investment feature, which you can see below



But they are not guaranteeing any profits like mentioned here, they clearly stated whether its profit or loss will be shared among all the investors which is the actual way for investment to work.

Provably not since they might destroy their reputation built for years for offering that thing since we provably know how those things end up especially that the return they promise is so big and this type is not sustainable in long term since it will collapsed when there's no one will gonna invest some amount since majority is already done recruiting. The scheme they made is not really popular since no people notice that what they do exist and it just blow up when some investors come to a media practitioner telling that they had been scam by this famous personality and everything has been exposed. This is hot topic on social media now and everyone is waiting for the update regarding this case since this is big syndicate that needed to destroy since if no one will get caught on those criminals it means that justice system in Philippines is so bad since they can't captured those well known guys since they able to escape and enjoy out of the country.

You're absolutely right. In the past, there were casinos that accepted investments, but they were mostly dice casinos. It was easy to invest – you could deposit and withdraw your funds at any time. One that comes to mind is SafeDice, but it seems that this site has also ceased operating. It's possible that such platforms faced issues and scam gamblers, resulting in the unavailability of funds for withdrawal.

Today, casinos tend to have private investors because they require a substantial capital that needs to be committed for an extended period. It's a far cry from the past when anyone could invest and divest at any time, which might not have been helpful for the casinos.

However, this topic is slightly different since we're discussing casino junket operators, as explained already in the post above.

It's highly unlikely that any reputable casino would risk its reputation by offering such an investment opportunity. It's often too good to be true, which could compromise their operations. This investment scheme wasn't even widely known or popular until it was exposed. They didn't target a large number of people; only a few individuals got involved because the minimum investment was, I think, Php 200,000 or roughly around $3,600 each. For the average investor, that's a substantial amount of hard-earned money. Those OFW investors aren't likely to move on easily from their losses.

They are not paying from their own pocket, they may already have partnered with the casino, and a particular amount of the wagered amount or lost amount will be shared with the one from whom they are gonna keep making profits as long as the player who used their referral to register and play there.

I don't remember any crypto casino or legitimate casino review offer such investment schemes with fixed returns because its easy to find that its just a scam.

Actually, casinos these days don't provide such things, they don't accept investments from individuals, it was old times when casinos used to accept investments in their bankroll and used to pay a small percentage of commission to the investors every month based on the percentage of their investment within the pool, but nowadays, casinos have made things very clear, you either gamble with them, or use their affiliate programs to earn commission.

That's why, if a casino platform offers something like that, it's most probably to lure in more gamblers and maybe scam them out of their money because it's definitely not possible for casinos to offer 5% return every month for investments because it's not a bad deal at all and everyone will opt in for such an offer.

It is actually risky, first when you don't know what it is. When you trust someone that you shouldn't trust and when you rely only on this type of investment. You're doomed to failure when you're one of those people that have been a victim of this scheme. Much better, not to rely to anyone, invest on what you know and avoid investments like this because most likely only VIPs or investors with huge funds gets to the actual connection and network of these junkets if ever one is legit in existence.

There can be a twist on this one, two have been known which was the couple that have victimized a lot of people. What if there are also their connections that are just hiding in their wings and not known to the public yet they can't expose.

That's too bad if the perpetuators had run off and go to Japan and hide. But I think they can workout with Japan so that they can catch this guy, maybe put him in the Interpol list so that he will become a wanted person.


That is the trap, 5% monthly is too big in my opinion. Although it could involved big players and whales in the gambling industry, but still you don't have to trust if if the person is famous in the country. Hopefully big and expensive lessons learn, as there are a lot of scams going on around in the world right way. And we really need to be really think hard and just invest our money on legit or even go to crypto or even stocks not just to a person that will promise 5% returns every month.

But in my opinion all of this is dangerous for the assets we own or not depending on the place we use because not the majority of investment places will have the potential to commit fraud as you have discussed the same goes for gambling whether there is chance of detrimental fraud or not depends on where do you gamble and anyone who joins the casino for the affiliate program because large trusted casinos will only be filled by people with high level of trust or people with a good reputation.

Of course because no criminal will admit to his crime if fraudster tells the truth and admits to the fraud he committed then no one will believe him anymore.
After all he does all this to get money and whatever they will do so that at any time he can smoothly carry out every activity that is detrimental to other people but profitable for himself.

Let's be frank here, not like it's not possible for some casinos to offer as high as 5 percent interest rate on investment to their supposed investors, but the truth of the matter is, such investments as this usually end up becoming a Ponzi scheme in the short of long term, depending on how long the casino is able to hold the system and keep it running.

We can confirm this from the staking system on some crypto exchanges today, some exchanges offer their users the ability to stake their coins on their system, and in return, they pay their customers up to 10, 20, 30, 40, and even 50 percent return on investment, this is absolutely insane and totally unbelieve, but i know this because i personally on one occasion have participated on one such stake program, they offered 50 percent return on investment, I went ahead to stake $440 worth of the altcoin they offered this staking on, eventually, till today, i am not able to withdraw my tokens , not even the profit, i learnt the hard way indeed.

That's the usual scheme. In the first few months, they will give a monthly return to investors to make them feel inspired and encourage them to recruit other investors, promoting it as 'legit.' However, little do they know that the scammers already had a game plan in place, and an escape plan was ready before they even faced legal consequences. It's a typical scam that even some influential people in the community fall for. The combination of lack of knowledge and greed for money can be a dangerous mix.

Yexel had already flown to Japan when he smelled or felt that he was going to be charged, so before he was given a hold of departure, he also took the lead. I don't even know why the casino junket was used to find a victim.

As far as I know, the investors will be given 5% per month with a minimum amount of at least $18,000 as the capital starter. It's like my understanding is that your junket money will be used to gamble; it's like that. When you agree, they will pay 5% interest. But no one eventually had a problem that after a few months the capitalists did not receive 5%, and I also think that no casino offered such 5% per month to investors; that's when they didn't realize it was a Ponzi scheme that he