Topic: Casino Junket Operator (Read 563 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.

Ponzi schemes, frauds, and deception keep developing, right? Now covering up with casinos? The idea is clever but misguided. I've seen a lot, especially in amusing online gaming. That place is wild. Attracted by the lights and promises, people assume, "This is it! This is my big break!" However, it is not

Guaranteed 5% monthly interest? Come on, folks! No such thing exists. No legitimate online or physical firm would offer that. enormous, enormous trap. You're right—controlling greed requires common sense. People jump at great deals without considering. How about scams? They fade. They cannot. Though briefly bright, they'll fall and burn. Remember, if it sounds too good to be true, it generally is

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

To me, it would not matter how big or successful a casino could be, It would be very difficult for me to accept they can give up to 5% in passive income to all their investors. It simply does not make sense, you know why?

Governments are supposed to be more powerful and have more money than casinos and the most powerful government on the planet is the government of the United States of America. They have a Treasury Bond program, so people can lend money to them and get passive income in return.

The occasions when the Bonds are in a high yield rate, they offer up to 3-4% yearly, not even per month... So there is no reason to believe a casino which is not even at the top within the industry, can offer more interest than the American government.  

It just take a minute to analyze, and yet there is still people who fall for it...

When those ponzi schemes and modus had been bust up then these scammers would really be coming up with something new or something that cant really be that detected or something that people havent been seen before and this one is really that making use of casino or trying to making it as a cover up and make people believe that it was really that legit until it exploded on the time that they cant really be able to pay up anymore. There's no such thing on this world would be giving out that 5% guaranteed interest on monthly basis. There's no such legit business or things that will really be giving out that kind of chance aside from those scam companies or groups or offerings.

This is why it would really be just that right that making use of your common sense and controlling your greedy side would be always recommended because it is really just that normal for a human
being to get interested whenever they do see something a good deal on which they cant really be able to earn somewhere neither on physical or online investment or offerings
and this what makes them easily get hooked up on the time that they've been able to meet or hear these good deals but sadly it is really just that a pure scam.
They might last for a while but there's always end to it when it comes that not sustainable anymore.

True, if you've been investing in various assets, businesses and investments, you'll see the red flag on this one. Honestly, I didn't even know that they've been doing this for quite a while because it never came to me. My friends knew that I am into investing but when there's a red flag, I've been always frank with them and tell them in short sentences that it's an outright scam if it is.

It's normal for a real scammer to deny that they are a scammer to confuse people. But we will see that these people will be served what they've done and will be fugitives and their worlds will become smaller.

There are lots of Ponzi and one of it is the one that you saw. I think its one of the effective because many of us believe that casino is a profitable business. We are forgetting the fact that losing is still possible and the operators can still run away with our money and as well as the bettor's money.

Maybe there are still some who are legit but maybe their return is not big as that 5 percent because they are also paying different expenses and sometimes a player can win huge too. Ponzi schemes needs to be very camouflaged so that they won't be detected easily. They are aware that people are getting knowledgeable about different scam schemes.

The victims told that they trust those influencers with the reason of those influencers are rich and always flexing their toy collection and money in their socials. They are blinded with the possibility of they can also get rich along with those influencers but the sad truth is they really wont. I also think that they are blinded by the 5% return each month which they said is guaranteed, obvious red flag. It's just sad to see people are still getting scammed by this kind of investment scheme which is unsustainable if we view it long term. I hope with the trending topic of this scam incident in our country, my country man should be awake that not all investment are true even if it came from a person who has a lot of influence.

This is different from online investment; it's more like an investment where recruiters are seeking potential investors to join the program. And of course, these scammers will try to sell them on the business and, most importantly, the kind of rewards they'll offer to the investors. What saddens me is that even OFW (Overseas Filipino Workers) who labor abroad to save money for their future fall victim to this type of investment.

Hopefully, those involved in these scams will be put behind bars, so future scammers will think twice when they see the government taking this issue seriously. Actually, this isn't the first time; there have been bigger scams before, if I'm not mistaken. Yet, there are still many people falling for these scams. It's as if they haven't learned from other people's mistakes or even their own.

This is similar to HYIP scams which still attract fools from around the world. Naive people get attracted to the idea of monthly/daily returns causing them to invest quickly without thinking twice only to regret it later on.

These scams will always run in some form or another since there will always be people chasing foolish get rich quick dreams.

We can't see this to stop anytime soon since as long as there are still dumb people will believe that there easy way for them to became rich so quick then these scamming scheme will just continue to happen. To many people can easily get fooled by scammers flaunting their wealth online that's why they easily got caught up by wrong expectations and fall for many times again. Right now casino junkets is a hot topic since this is the main thing used by scammers to attract people and they show that they have legitimate then scam them when these scammers reached their billions threshold.

People need to learn that there's no legitimate institution that can give them passive 5% income monthly a legitimate business will offer that will fall down easily.

Also they need to know that casino is risky business to participate especially if they are not the one operating it, so they should ignore any investment ask by those people then promise a huge income since mostly that is just a scam.

Its legal partnerships work like an affiliate and benefit both parties and for the enjoyment of the player, only high rollers and VIPs can avail of this because its high cost of playing in casinos, the junket operator, will make things possible for the gamblers to play comfortably.


I also read that information about Yexel Sebastian and since he is a celebrity many believe that he will deliver what he promises because he has a reputation to protect but unfortunately when it comes many people will just throw away their reputation in the windows and it is unfortunate that many of his victims are OFW the money that they've earned were all wasted because of this scammer.

Clicking links online? It's like going through a minefield. You never know when you might walk on something explosive. Those tempting offers? They're everywhere! You said it best: not all glitters is gold. Genuine money is hard to get. No, no. It needs hard work and lots of risk

Ponzi schemes? They're the absolute worst. They hide behind betting and casinos. enormous, enormous trap. The red flags? Though they're waving in our face, we disregard them. Why? Due to bogus promises. Sad, truly sad

And when things go wrong? The cash is gone. Recovery? Extremely rare. Whatever you get back is never the same. Just a little compensation. Research, research, and more. That's the true key. Many internet opportunities exist, but also many pitfalls. Smart, really smart. Do your homework always

I do not know how many times we are going to see a variation of the same kind of scam, and yet people do not learn and keep falling into it, scammers could literally openly claim to be scammers and people will still give them their money if enough promises about guaranteed profits were made.

People need to learn that anyone that could make 5% per month regardless of their starting capital will become very rich in a short time, so no one can offer those kind of profits while they are also an honest and upright person at the same time.

I agree, they uses their social media presence as influencers to lure their potential victims. But if you are into investments, there are a lot of red flags from the beginning. They are offering 5% every month? It's obvious a too good to be true offer. And then they started to flaunt their millions in front of the people, so many take it as a success and that they are really genuine.

But since they are well-known, the victims took their face value and trusted this two personalities. However, they suddenly disappear and still up to this day they claim that they are not scammers. They are now hiding out of the country, and it just sad that many lost in this unfortunate scam and people are not going to learn from previous scam investments in the country.

They guaranteed their investors with 10% monthly interest and from there, it's already a sign of being a too good to be true offer. Banks do offer that percentage on an annual basis but these said junkets have been giving this away for their investors. But that's a total lie.

They are giving the guarantee to trust them because they're trusted personalities but they all intended to do is all plan their swindling against these investors that have trusted them their hard earned money. There's also wrong on these investors because they didn't do in depth research before investing into this dubious offer.

i live in the Philippines since years now and its the country i see the most scam in my life

Everyone is trying so hard to survive one way or the other so I don't really blame these people they are just finding means to survive but all the same what is bad as no other name than it is bad I also read that this has been going on for a while now and some people I've been taken advantage of already.

These days it is a shame that people don't care where money is coming from as far as the offer is good they're ready to do it and wait for their payment the world is turning upside down honestly we are now in an era where what is bad is partially pent-up and presented as what it is good to get involved with, this is a scam, I don't see any other name I can call this strategy they are simply trapping people with good proposal.

Now that this has gotten to the 👂 of the authorities and law enforcement the multi-million dollar question is if they're going to get their money back I doubt that is going to happen even if they try maybe they can get some back but I'm sure they're not going to get everything back this will serve as an lesson to every other people in that country.

Because there's huge money involve here. Those scammers accumulate billions came from their investors that's why this is really serious problem that need to solve by authority right now. They make those casino junkets as proof of their running business and flexing their wealth to justify that they are successful and attract investors to put some money on the investment schemes they offer. To bad that this criminals already escape and now they are on other country so hopefully there's a case will be filed so that Interpol can intercept and put them on jail. This case will take long and now it catch a lot of attention on social media, many wait for case updates so hopefully next month there's development will happen and possible those scammers will get caught by authorities.

User awareness is the strongest weapon that should be used in such situations as they say in Cybersecurity you can have a multi million dollar budget in Cyberdefense yet someone from finance department clicks on a link that offers free 1000 dollars in Amazon gift card and this defense is thrown to ashes.

As an analogy this should be also applied here,not user awareness but user education that there are tons of scams that don't do anything else for living except cheating people and as such people should be educated about such things and never take any risk without going into consulting with someone with better knowledge.

  This is why one has to be more careful when clicking links online, especially when the links has all this enticing offers, remember not all that glitter is gold. You might think oh yeah this is it, but you failed to put into consideration that money can’t be made easy. You have to go through risk and work to get to the reward. There are lot of Ponzi scheme companies hiding behind the name of betting or casino. We fall to this trap when we fail do our own research. Ignorance is a disease and can cause a lot of damage. There is always a red flag when you see a Ponzi scheme, but we turn on blind eyes cause of the fake promises promised by the said Ponzi system.
  We have seen in some case where investors losses their money and the company gone to extinction, it on rare cases the money can be recovered and this can be done with the help of the higher authorities. Depends on how much was stolen. And even when the funds are recovered, I doubt if you will get the exact amount you paid in the initial, you will rather get a compensation claim. A lot of people have fall victim to this type of scam if you ask they hardly get their money back. In other not  to be an example to this scandal, we ought to do our own research before making any moves of investing. Like wise they are lots of opportunities online they are also some that will break us if not properly followed.

Yes, this is currently one of the most prominent news stories in the Philippines. This couple managed to amass hundreds of millions of pesos through their scam. They presented the casino junket as a legitimate operation, which, I believe, isn't in question. However, their activities, where they used the casino junket to attract investors despite not fully operating in the same way, raise a lot of red flags.

Here's the catch: when they offered a 5% monthly return, investors didn't seem to mind much about the inner workings of the business once they had invested. All they were concerned about was receiving that 5% interest income on a monthly basis. It's only when that income didn't materialize that they took action and filed a case against the individuals who had attracted them to invest. The big question now is whether the money can be recovered.

This offer was used to scam people, and it happened in the Philippines, with millions of pesos being scammed. The promise of a 5% monthly return is undeniably attractive, and on the surface, it doesn't appear overly suspicious, as even legitimate lending businesses can offer interest rates in the range of 5% to 10% on a monthly basis, which is reasonable. However, what's truly dubious about the scammers who defrauded numerous investors is their tendency to flaunt substantial profits. These scammers often entice people to entrust their investments, and unfortunately, the victims fail to see it as a red flag. Consequently, they end up losing a significant amount of money. Their lack of knowledge and, perhaps, their greediness have led them into this unfortunate situation.

The Junket operators usually receive a commission in cash or other non-monetary rewards to hook the High rollers. In the brick n mortar casinos, junket operators are not on the payroll of the casino, but they operate on their own.

They reach out to high rollers and offer them VIP accommodation and hospitality services and also some credit to get them going... and then they sit back and wait, because they know that they are going to get back all that money invested into these gamblers.   

So, it is not always some kind of scam.... but just some off-the-book strategy to hook high rollers for the casino. 

But the thing is that those legitimate junkets has some other narrative behind, they just hide everything of being a junket, but the real purpose might be using it to get a lot of big money players to get investments which turns out to be a scam.

And it was reported that the perpetuators of his crimes flies to Japan already to hide. And from what I understand, the defend themselves by saying that everything is legit. Of course it is, because they just uses the casino as front for their operations. Hopefully this people are going to be arrested and suffer and put to the jail because for sure the money has bee used already by this 2 people.

The last casino i saw with this kind of rewards was Betnomi, sadly they walked away, but users were able to get a tesla in the last VIP level, and that's a nice prize, but to be real, wager the amount to win that tesla was just insane, I'm not sure but it was something close to $50 millions, so, not easy at all.

You should look at the different VIP programs in different casinos, for sure one of them have those kind of rewards.

Since this people get paid for what they offer, we cannot blame them because everyone is looking for a survival means, the same way the promoters and influencers work hard to pull traffic for a casino, junkers are also doing their job and make survival in doing this professional works, all this are what constitutes the varieties of gambling opportunities for the people to utilize them for their own benefits, how we now engage with this offers will determine whether it will be in an acceptable manner or not.

That's the mistake of the investors, they've directed it to the cons and if it's a legitimate junket then they should have directly sent it to the casino having all of those legitimacies and contracts provided.

And you're right that there could be other methods that the junket operators does but these people just did the other way as they attracted and convinced a lot of people to go with them and sign under them.

This is what I am thinking of and they've earned a lot with that referral system that the junket provided them. That's why with their popularity, it's not new that celebrities or someone influential are being used in these schemes and later on turned into a scam. It's hard to know the actual procedures of this scheme because they're saying that it's just for VIP people and having with that minimum amount someone could just top up the money from other people to make someone a representative to them as collected for that pool of funds.

Just like an affiliate kind of thing, where the site acts in between the casinos and other gamblers who may have to register under a specific code or link, this is very important because at some point, the gambler will have to wager a higher amount so as to attract higher payment for the casinos, so for that i wont call this lure as per se but just like in the form of affiliate marketing.


Their earning still come from those clients for whom they sometimes spend a lot of money on, just to get them to gamble more to increase their total wager amount and possibly increase the end payment,  this is not a new practice,  as it has been around for a while now and many marketers, and promoters already know about it.

The term "lure" might come across as somewhat harsh, given that there are junket operators who operate with transparency and integrity. They earn their income through commissions obtained from the casinos where they successfully attract high-rollers and VIPs, akin to how review websites function.

In the case of Yexel Sebastian and Mikee Agusting, the situation was different; investors directly provided their funds to them, not to the casino. This may not fit the traditional definition of a junket operator, does it?

I'm curious if they implemented a referral system as part of their scheme, but I haven't been able to find any news articles or information on this. Does anyone have any insights or information regarding this aspect?

But from what region of the world are those foreign money launderers from? Because if it's from China, the scheme probably goes deeper than mere money laundering because there are capital controls with a maximum of only $50,000 per year to transfer cash outside the country.

Those "foreign partners" could really be illegal remittance agencies that help wealthy Chinese people get around capital controls.

Furthermore, Chinese Bitcoiners should educate the wealthy Chinese about Bitcoin/censorship-resistance, and how they could send more than $50,000 anytime by using the network. Those Chinese Bitcoiners could probably sell their Bitcoins at a premium and buy them back at the regular price.

Considering what some really big casinos make as profit on weekly and monthly basis, I would also agree that this is very possible to exist, i mean 5% income per months sure is high when we consider what big cooperations like banks offer to their customers, but such an offer still does not really sound too good to be true, it's still very possible for such offer to exist and also be genuine.

But this is not to also say that it's not possible that it could be a scam, most especially if the casino or the casino junket operator making this offer available does not look like they worth it, then i possibly might see this as a possible Ponzi scheme programmed to lure people and at the end of the day, steal their money and run away.

If a company like Stake.com should open an investment opportunity where they offer investors 5% income per month, i wouldn't see this as Ponzi scheme because Stake is worth it and even much more, so the deciding factor here depends on the casino or the junket operator making this offer, if they do not look like they worth it, then its possibly a scam.

Those people didn't disclose to their costumer on where they gonna use the money invested to them and investors just find out when everything is on mess that their money is used on casino junket that's why they got angry when they hear that information coming from well known influencers. And now they are investigating this case since it seems that there's big syndicate behind this scams. This issue is now popular followed by many people in Philippines and everyone is waiting for the updates since the people behind this scam is now fleeing then go abroad. I really hope that official can solve this case since this is really a big syndicate that they can abolish.

There are really a legal junkers and that case they just use this business to make something relevance on their claims and make people believe that there are running business behind their investors.

This issue became popular when the investors asked for help on a popular radio program in PH. The contract they received for investing their money is loan contract which is questionable and as an investor, it's an indication that something is wrong. However they turned blind for the 5% promise interest monthly. Although it is too good to be true, some investors are still naive on this kind of scheme.

Casino junket might be legit and partnered with big casino. But don't risk your money just because you're promised of high return if you give a certain amount as an investment. Too bad the victims fall in this trap.

It's mostly on land base casino though, and I think it's legal for this junket to operate within the bounds of Pagcor (Philippine gaming corporation). But I'm not sure if this is the case for online though, or it is then we can call them affiliates, as they are the one like offering this similar setup, they work with online casinos and they make money out of these players that they have recruited.

But in this case though, it seems as you have said they uses this legit junket operations as front for some kind of investments. However, it turn out to be that this investment is a scam, another too good to be true offer. But perhaps since it is in the guise of a legit junket operations, many big time personalities and most likely whales fell for this kind of setup and trap.

I think that I've heard it but it's like that you're funders of the casino and they won't just be asking for small-time ones but the bigger money to come into them. IMHO, this is already a red flag as this is being used to scam people and as we know the casino business is a big business that requires huge money, and whoever establishes one is already prepared for the big influx of money, in and out. When things are too good to be true and you're just going to sit back, relax, and earn just as promised with a huge percentage of ROI, that should be when you fear them because it's not going to last longer when it's intended to scam its investors. Too many scams are out nowadays and these are attracting a lot of people that probably have extra cash to spend and make them so that their money will work for them. If there's a legitimate one, I wouldn't still get into them because there's a chance that they'd just do what the scammers do. Rather invest your money to something more reliable and truthful or gamble your money if you want to find some entertainment.

Everything could really be applied if you are really that plan on scamming or swindling investors in the first place on which you would really be able to say about those common reasonings on which it would really be that really just depending on how you would really be doing your action basing up with your own common sense. Sometimes people do really lost off track into their jurisdiction and good decision making specially if they had been offered out by something big or something that makes a good deal without even trying to look back on whats the risks involved which it is really just that too obvious but they are really that making themselves blind. If the said scammers did mention about Casino junket then it might be true but on the essence on how they do accept investment or peoples funds and on the % that they do earn monthly then it is really that pretty obvious that this is some sort of another ponzi scheme which its not really that hard to determine or find out if
you are really just that simply using your own common sense.

Wait a sec..., peeps actually deposited cash in a CASINO With the hope to get monthly dividend? Since when did casinos begin to induce fiscal policies on Thier customers? How were they able to convince some set of gamblers with this theory? Are people really that gullible with Thier funds??

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a casino isn't a commercial bank...so for that reason, I can't entrust my funds on them unless with the purpose of gambling ... It's actually appalling when famous peeps on the media decides to run such ADS just for some few bucks, without even considering the effect at the end... It's just gonna get Thier Trust score harmed.

Sandra 🧑‍🦰

What's the confusion about? You said it yourself, they do that so that they can earn some money from the casinos because they are referring VIP players to them, that's they main purpose.

I am not sure what you are expecting but yes, casinos do have affiliate programs where a user can bring players to them and they will pay a percentage of what their referrals have wagered and I think it's basically the same thing that you described in the beginning. Other than that, I don't know if they actually offer any other thing to the player unless they are VIP themselves which then makes them eligible for the VIP perks and benefits but that's a different thing.

You seem to be a bit confused in your diagnosis of the situation. This was a simple scam disguised as a way to make money by "investing" in casino, it was purely a ponzi scheme and they always come with an angle that is used to draw investors in. There needs to be a believable background story to any ponzi scheme, this is where you get it wrong. There are real referral programs out there, another word for this casino junket description you use, that really pay out marketers a percentage of the customer deposits over the lifetime of the account that is referred. This is why the ponzi scheme worked so well, because there are genuine people making a genuine income from this industry. However the organizers were not legitimate and just stealing money. Understand the story before making false accusations.

One thing I know about Casinos is that they are good at giving baits that will, in one way or the other, rope you into subscribing to their services. It doesn't matter how far you are, once you are a gamer and you hear those offers, you'll consider giving it a try but to a Casino that gives too much offers, you'll want to ask, what's in it for them, as they can't sustain certain offers for a long period of time.

Offering accomodation and other incentives are either subject to a particular class of games meeting some exhorbitant demand or something, not just for the regular class else it raises dust.

They both deserve to be everywhere where scams are the topic this is to warn people of their scheme and to warn people wherever in the world that these are families of scammers, they are good because they learned how to use words to scam people.

With huge money in their hands, they can now pay people or bribe them so they can escape from persecution, their visa will soon be voided and they will be fugitives just like one politician.

They choose huge money from scamming for their safety, now that they are exposed, Filipinos from countries where they escape will avoid them or even report them, it's only a matter of time before these scammers will go to jail.

This investment disaster rollercoaster is fascinating, and your views are spot-on. Looking deeper into this chaotic ocean of casino junket scams, it's amazing how these "surefire" profit machines are designed to explode, right? Fast, easy capital is irresistible.

Consider this: what if we focused on building a coalition to validate these seemingly shiny prospects instead of chasing fast wins? Openly sharing scam and dangers experiences creates a comprehensive community database of “what to avoid”. Imagine securing your money and creating a bulwark against future predators. Do you think a collective, knowledge-driven shield is worth the risk?

       -   It appears that the controversy created by the couple Mikee and Yexel in the scam issue in which they are involved has made its way to this discussion site. How did they manage to defraud their investors of so much money? Despite Yexel's continued denials.

He truly used the casino trip as a cover to get a victim into a situation like this. Prospects were seduced by the promise of a 5% monthly return on their investment, but this is not what will actually happen. To that couple, all I can say is that they are just as deceitful as their interlocutors. So let's always be on the lookout for scammer or con artists.

Talking about Junket Casinos, the mainland Chinese government has issued an official letter for the arrest of the junket operator and casino founder named Chau and he is currently on trial, located in Macau, as far as I know, Macau is one of the biggest gambling businesses, there are many ways used by casinos to attract gambling users, one of which is what Chau/junkets do.

As far as I know, the actions of junket operators have been going on for a long time in terms of loans given to gambling players there, but recently junket casino agents have gone too far and burdened the players with loans, that's one reason their actions are illegal, under the guise of offering big prizes to gamblers, the fact is another, they are worse than loan sharks in collecting debts.

In fact, there are several cases that require junket operators and others to be prosecuted.
For example:
Yes, but the VIP offered is truly fair and trustworthy, does not burden just one party, more clearly there is no criminal activity in the bonus offer.

Casinos prioritize rich clients but someone or a group must lead these VIPs to them so they work with casino junket operators to make sure that these VIPs will work for them the business model is legal they are not employed they only have cooperation with junket operators.

The scammers are using this business model because there is money coming, their clients are rich people and there's a continuation of business because it is gambling, scammers can use this business model so if you're investing in a casino junket business be sure that you are with reputable junket operators and with good feedbacks coming from casinos.

You are right, it looks new because the masses are just getting to know about it but actually its been going on for a while, for example this is happening presently in the Philippines, there are now many complaints flooding the NBI ( National Bureau of Investigation ) from investors and account managers of casino junket scam been defrauded of their hard earned money, one of them claimed that the leader duped investors into believing that they would continue to receive 5% monthly ROI and believe me this complains are increasing in numbers.

When they ways you plan to get money is too easy without any hardship then it's a trap, you will one way or the other pay for it, I don't know how a business strategy would survive with a long term five percent daily on their investment, it's crazy that people are believing this nonsense, this is the kind of offers I will turn away instantly because there is always more to this type of attractive offer, for me to grab any chance even if it's the most needed, it has to be a fair deal.

When an offer is too interesting and hard to turn away from you are the ultimate goal, but mind you, there is a consequence that will strike you hard in the future.

Hmm, reading about junket operators it doesn't seem like they're that much of a scam? Well, the general idea of it that is. It's similar to agents of businesses of sorts that run around and look for prospective customers. While a lot of them are scams, a few others are pretty legit so I reckon some of these are also one. Idk what kind of attachments/inclusions said operators add though but a 5% income per month sounds pretty dubious alright, outside of that, I reckon it's still possible to exist... I think.

This is how referral commission works. Getting a commission from invites is not a scammy way at all because that’s how profit sharing works on business. The only scam here is the promise of fix profit to all the investors of the said junket operators but this kind marketing is widely exist on a big IRL casino since it’s very hard to find VIP through advertisement alone so casino partners with junket to extended their connection and in touch with potential VIP client through work, business and other type of connection which the junket operator have.

This feature is not common since their only target are rich person to receive an offer like this. The OP shared news become popular after this issue of big syndicate become exposed on popular public affair program.

I think there's a legitimate running business model like this and casino use this just to make their VIP stays on their casino, they offer a lot of benefits and loan to make sure that those gamblers will be tied up on their casino. But what you show here is a pure ponzi schemes since and they just use the casino junket name as an excuse so that they have something like a escape route then tell that there's money is gone since they lose it for the said business. Investors now crying out loud for the money they lose from said program that's why its never good to invest any amount if we are not sure on what they are doing. Also ask for the right contract if they are really running a legitimate business so that we can avoid such the same unfortunate incidents. To many times this happen and we need to understand that casino exist in any forms and we should not invest on to good to be true offers presented to us.

Many casinos employ enticing strategies to attract high-rollers and newcomers to the gambling market, offering them perks like free trips or even car giveaways, similar to what freebitco.in does by giving away Lamborghini. Other major companies, Also giveaway interesting stuffs to their players and to attract new customers.
but you are telling that they get commissions from their recruits I don't know about it and never heard from reputable casinos. it seems like a scam way to earn money."

Investors often don't truly understand what they are investing in; they are often enticed by the promise of high returns. This isn't new; I've seen numerous scam stories in the Philippines involving significant amounts of money. I believe people need to be educated about these matters. Anything that seems too good to be true should give them pause before making hasty decisions.

I'm not sure what the government is doing to prevent this from happening again because it seems like it occurs regularly. Perhaps their measures aren't truly preventive, which is a problem.

This is kind of mutually beneficial cooperation but on the other hand it can make it possible for gamblers to spend more money because what the casino junket operators are offering is really interesting and tempting.
When you are rich gambler with certain VIP level at some casino then I am sure you will easily be interested in what the casino junket operator has to offer and use the link shared to register at the casino.
But this is something that can be understood because in this gambling industry anyone who can take advantage of all situations and conditions will definitely be able to gain quite large profits one of which is casino junket operator who shares gambling site links with gamblers.

Things like this have happened a lot and we as gamblers just need to be careful and choose in detail when we want to use the link shared by the operator.
Fraud is always present everywhere especially for programmed industrial bases such as gambling sites.

They do that in purpose since they want to use their influence to gather the attentions of their follower that's why they harvest a lot of money from those people who believes on their schemes. Its unfortunate that to many people got scam and those criminals got fled away but they can't escape that long since for sure they will be run out of money since the cost of living abroad is so high.

Hopefully for victims before going unto something that they don't know its better for them to do a deep research especially if the money will be put on a junket since its so risky and they really have a high chance to get scam with that if bad faith happens.

Junket operators do not have a legal contract with the casino but they work together to meet the needs of the VIPs so they can play smoothly in the casinos they prefer, a mutual understanding between the junket operators and the casino as they both going to make profit and there's a big money involved here as we are talking VIPs, who will play for a huge amount of money.

There's big money to be made in junket operation so it's not surprising that the Ponzi operators are using this business to scam people their investment scams are everywhere, if you're an investor and they are offering a profit of 5% or even higher that is considered too good to be true and deserves a deep look and investigation.

Well-known influencers are Yexel Sebastian and his wife Mikee; if I'm not mistaken, they have more than 9 million total subscribers or followers and a social media platform. And recently, news broke that they stole a total of 7.5 million dollars more than the investors they victimized, most of whom are OFWs or who work abroad.

Think about the bait they used: the investors will invest in the junket, the capital of the investors will be used by the high rollers in gambling, and the junket operators will have a commission there. But they will let out the investors that they will victimize and give them a loan of contract which is what they don't say, the worst thing is that in the end they let out the investors as well, but they are the ones who receive the money of their investors which is right here is really a red flag to me.

Casino and junket operators are working together for gambling VIP and they have certain legalities in their operation but they do not have specific contracts on their operation, this is a sort of I scratch your back you scratch mine



https://www.rccol.vic.gov.au/volume-1/chapter-07

And about that scam, they just used the junket operation to perpetrate their scheme any scammers can do that, there is a big attraction to invest in casino junkets because there's a huge turnaround of money involved it's an easy profit for junket operators, and its legal money.

Casino junket operators do play a legitimate role in the gambling industry, but they can also be associated with scams, as seen in the case you mentioned.

Such schemes offering unusually high returns, like the 5% per month you mentioned, are often indicative of Ponzi schemes. Casino junket operators are businesses, and they are trying to make money. This means that they may try to pressure you to gamble more than you are comfortable with.

Some casinos do offer high-end experiences to VIP players, aside from traditional perks like rakebacks. These experiences can include exclusive events, access to premium services, meals, drinks, entertainment, and even all-expenses-paid vacations and it's usually reserved for high-rollers or loyal customers. Some casinos even offer private jet charters and VIP suites for their high-roller customers. They expect their high-roller players to gamble heavily in order to earn these rewards.

I don't know where I have heard about such a thing or if I can still get the link to the advertisement, but I am very sure I have seen one of these celebrity influencers advertising such a service on their page in one of their social media accounts, where they were saying the gambler doesn't need to worry about losing everything to a casino that won't appreciate them for playing in their casino, and there was also some cash back promise in that advertisement up to 10% of the weekly loss to the player, which makes me wonder what kind of terms might be applicable to such an offer.
 
This thread just reminds me of how that advertisement went, as there were some users whom they claim are gamblers who have testified to using such a service and have visited a place where they had not been before with the help of those agents. There is always a percentage that those involved get from bringing in high wagers, as that can't be free, and not everyone will also be able to enjoy that benefit, as such luxury costs more, and maybe you need to have a wager up to an amount rounding up to millions of dollars before you can benefit from such an offer.

If thats the case then its clearly it was a scam since from the start. How people do get blinded about having signing up some loan contracts instead of investment contract if it was really that an investment?

It does really shows on stupid those people are and making investments blindly without even trying to dig out on whats the real deal that they are facing on, on which they are really just that too much focused on
getting those returns without even trying to look on what are those potential risks that they could face on.Its always been that a golden rule that everything that turns out too good to be true then its most likely a scam or definitely a scam but still there are really that those stupid people who cant really just resist even it is really that obvious that it is really that clearly something fishy with those.
Getting some huge % on a specific amount of time without doing anything? You should really be thinking up twice already because there's always a catch always in the end and this is something
that you should really be looking into.

You wont really be getting wrecked if you had just made yourself that wise when it comes to decisions and really that making use of your own common sense rather than on making
yourself getting blinded with those offers which are obviously that a scam attempt but people do really likes on losing money first before they would really be learning their
lesson on which this had been always the case.

I think that these kind of services are always offere to "high spender".
But as always there is the usual "motto" to be applied: no one gives anything for nothing. I personally would avoid such a situation as it feels forced to have to play, spend... and even lose a little who knows

The one who collected the money or investment are social media influencers which has a huge followers, they keep flexing all their money on social media which attracted investors after these influencers offered an investment plan. Victims told the media that they suppose to get investment contract but instead they receive a loan contract turned to be a red flag. It's not a small amount but the people who invested are just blinded how good the offer is and also how good the influencer convinced the victims. There are victims that the source of money was casino junket after other victims exposed the social media influencers.

Basing up on the given link then it is really that mentioned that he's making out some ribbon cutting on an opening of some company and telling about Casino Junket but the question is, how he would really be able to prove out that he's really that in contract or in partnership with such person? If there would really be some sort of documentation which it would prove out such partnership then he might have said the thing which is true but
it is really that to believe that everything would really be that verbal. Basing up on that you had said about how Junket operators do their work then this is my first time on hearing out that this how it works on which trying out to mix their money with those investors. Dont know on whats the deal or agreement about profits whether its fixed or not but its impossible for investors to dive in without having those kind of claims and assurance
basing up on what they had invested.

So how does one would really be ending up on losing their money? If it was really that indeed had been invested into that Junket just on what that accused been saying? In overall, it is really that hard
to believe on what those people been saying considering on the amount that had been taken or been ran on, P200M is  = $3M dollars which its not really that a joke amount.
Tons of people would really be coming after you after you have promised some returns to it. Somehow on this condition you could really say that those victims do deserve those things
on why the hell they do really get easily hooked by easy money returns without doing and its something that too good to be true but still they do continue on doing such
thing until they would be putting up themselves on such situation.

That's true because whatever is the legit,  there will always be fake of it,  that is why we need to verify everything before we start at some point we know that most of the influencers inform of centralized content promoters and influencers will always go all out to bring to the table what their benefits are and at that,  the more the revenue that the casino generates,  the more rewards they get in the cashback session,  so some of them will go as far as sponsoring some form of luxury lifestyle for their VIP players just like the op mentioned but mind you,  the money still comes from the gambler because, in the end,  they get paid from the wagering of the gamblers at the end of every month.

2 months ago I saw on YouTube, channel owners who had a lot of followers being paid by a certain casino so that these channel owners with a lot of followers started promoting the casino, the strangest part I saw was that the guys on YouTube They said that when people put money in the casino they would receive dividends every month, so many people started depositing money in the casino in the hope that they would receive dividends every month, as a month has 30 days, so when people deposited money at the casino, they leave the money in the casino account and wait for 30 days for dividends to be paid, but it turns out that after 30 days

people didn't receive any dividends, so they started trying to make withdrawals, but they couldn't because the system told them that they had to fulfill the wagering requirement, as people didn't know anything about casino, they got in touch with support, who told them I told them to place a bet if they wanted to make withdrawals, with great naivety people placed bets and lost everything, then many of them started crying on social media, then the guys who own YouTube channels deleted the videos that said people would earn dividends when they placed money in the casino

and they start posting videos in which they say that people should play responsibly and that gambling does not give guaranteed profits, in other words, the guys on YouTube received a lot of money from the casino to keep lying to people, something sad and shameful, so The case ended up in court, but the casino has a Curacao license, no one knows the real identity of the casino owner, so the court has no way of arresting the casino owner.

This scam scheme just recently exposed to the media due to the tv program and strong social media but this exist long time ago and very popular on reddit. Junket operators is way of foreign money launderers to mix money from investors money on this operators. There’s tons of complaints and reports like this in the past which doesn’t go out to the public because they are being paid or force to a long term contract by the operators in exchange for the promised profit.

There’s really a legit Junket operator but this one is not because it’s a clear ponzi due to the “guaranteed” promise. Too bad that the master mind of this scam scheme is on abroad while all the contracts is not made by him in person so he can get away while the person in charge in PH is the one who will put behind the jail.

Some parts of the link you provided is written with native language so  none native speakers can not understand the whole message but that is not withstanding. Their work and referral workers are similar. Those junket operators are part of the company, and as the article from the link said, their are legit ones and the Ponzi schemes use the legitimate ones as cover up to scam people. Casinos use to share their links and invite, influence and convince some big men to visit the casinos site and I'm most case they use the link to create the sign up so that the referral link payment will directly go to their accounts. Well this days I am not seeing them again. And I believed they are planning another strategy to laugh so they can defraud innocent people. Scammers move as group, so when they are convincing someone they will refer you to one another making the thing look legit while it is a Ponzi scheme.

I had not heard about it, though.
Thanks for giving the headsup on this scam accusation. I personally try to go and follow my instinct that 5% per day/month is definitely a scam.

The only cases I have seen myself are Ponzi schemes dressed up as betting platforms, where it is basically impossible to lose money and people get up 5% daily because partaking in false sportbetting in the ficional casino. In the end it is always the same, the money gets seized and the scammers withdraw it all towards their own private wallet. 

I have noticed that these days Ponzi schemes tend to be very camuflajed, so people will think they are actually doing investments, or betting, or buying precious metals from home.

Keep us updated when this scheme collapses.

I’m still confused what’s their main purpose but they are the one who partner with the casino to lure VIP players in the form luxurious offer such as accommodation and travel trips just to make them play in the casino. In return, they will get profit sharing on the total amount spend by their recruits. Casino junket counter part in online casino are those Gambling review sites and other that offers extra rewards such as free spin or other form of rewards which they are paying from their own pocket when player sign up using their referral link.

I become curious on this subject since there’s a big scam incident on my country that involves casino junket operation as business front in exchange for investment. They are offering 5% income per month to all investors which we all know that is already a ponzi.

https://entertainment.inquirer.net/522430/yexel-sebastian-asserts-casino-junket-is-legit-amid-investment-scam-accusations

I’m just thinking if there’s still some casino offers this type of luxurious reward to their players aside from rakebacks.