Casino Junket Operator

[Ojima-ojo]

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.
<snip>

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.

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.

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[passwordnow]

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?

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.

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?

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.

[Aanuoluwatofunmi]

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.

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.

[seoincorporation]

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.

[Kemarit]

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.

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.

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.

[Kakmakr]

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. 

[Hypnosis00]

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

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.

[mirakal]

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

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.

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.

[Youngkhngdiddy]

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 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.

[swogerino]

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.

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.

[avp2306]

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

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.

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.

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.

[Z390]

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.

[frenchmika]

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.

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

[blockman]

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

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.

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.

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.

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.

[TravelMug]

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

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.

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.

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.

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 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.

[wxa7115]

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.

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.

[slapper]

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 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.

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

[Saisher]

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.

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 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.

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.

[Taskford]

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.

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.

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.

[Haunebu]

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.