Great Canadian Gaming reacts to River Rock money laundering talk

Casino operator Great Canadian Gaming Corp is pushing back against media reports of rampant money laundering activity at its River Rock Casino Resort in Vancouver.

On Monday, Great Canadian issued a statement in response to a flood of media reports over the past month regarding allegations of shoddy anti-money laundering practices at River Rock, which were revealed via the publication of a long-buried government report into British Columbia casinos’ willingness to accept chip purchases worth millions of dollars from Chinese VIP gamblers bearing sacks of $20 bills.

The latest revelations came on Friday, when the Vancouver Sun reported that Great Canadian execs had met with managers at the British Columbia Lottery Corporation (BCLC) – which oversees gaming operations in the province but contracts out day-to-day casino management to companies like Great Canadian – in 2014 regarding a VIP’s chip purchase using $645k in small bills.

The discussion revolved around the VIP’s use of unsourced cash and $5k chips provided to the VIP via casino parking lot deliveries from suspected criminal elements. The discussion also revealed that ‘large amounts’ of $5k chips purchased from River Rock had ‘gone missing.’