Casino Junket Operator

[wxa7115]

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.

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.

[1715335837]

1715335837

[Sanitough]

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/

Casino Junket in the phillipines a scam? What are your thoughts. 1M minimum (1yr) , then monthly 5% interest and free hotel rooms. (Horizon Players Club)

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

Wait a minute.. Who are you? and Please show us your proof that you had investments, because I myself is an investor for more than a Year.. they always gave me payouts and 5% interest on time aside from the fact that i reinvested again. contract and check would be fine

From ; realgoodinvestment

[Wapfika]

Wait a minute.. Who are you? and Please show us your proof that you had investments, because I myself is an investor for more than a Year.. they always gave me payouts and 5% interest on time aside from the fact that i reinvested again. contract and check would be fine

From ; realgoodinvestment

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.

[Blitzboy]

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.

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.

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?

[ultrloa]

Wait a minute.. Who are you? and Please show us your proof that you had investments, because I myself is an investor for more than a Year.. they always gave me payouts and 5% interest on time aside from the fact that i reinvested again. contract and check would be fine

From ; realgoodinvestment

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.

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.

[Hirose UK]

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.

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.

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.

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.

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.

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.

[stadus]

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.

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.

FrancSwiss (2007)

In fact, the company raised over $20 million in only a few months. But after a media report that encouraged investors to withdraw their money, the scheme collapsed.

Aman Future (2012)

eported as a pyramid scheme by the National Bureau of Investigation (NBI) in 2012, Aman Futures reportedly duped about 15, 000 people in Visayas and Mindanao of about 12-billion pesos of their hard-earned cash.

Ponzi schemes in Mindanao (Kapa and Rigen)

Started in 2015, Kapa investors donated between ₱10,000 to ₱2,000,000 to help the ministry in delivering “propagation of the religious faith, establishment of livelihood programs for the benefits of its members.” In return, they will enjoy a 30% monthly interest through the ministry’s investments, for life. So, an investment of ₱10,000 will yield ₱36,000 a year, every year, for as long as the investor was alive.

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