Casino High Rollers Could Be Subject To Background Checks

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Recent rumours going around are sure to have both casinos and players shaking in their boots as allegedly the former will have to do background checks on the latter before letting them play high stakes.

According to the Las Vegas Review-Journal, sections of the US government are putting intense pressure on American casinos to perform background checks on their players, much in the same way that credit card or loan companies would on an applicant.

This is all being done in an attempt to have tighter control over money laundering with Jennifer Shasky Calvery of the FinCEN (Financial Crimes Enforcement Network) first announcing that this could happen when at the Global Gaming Expo in L.A late last year.

She Said “Every financial institution, casinos included, should be concerned about its reputation, integrity goes a long way.”

It has been strongly rumoured for some time that the Treasury Department could use Title 31 of the Bank Secrecy Act to force casinos to act, which is not going to go down well with them. They argue that this will just force many of the high stakes cash players to head to other countries such as Macau or Singapore in order to play pain-free poker.

Players rightly or wrongly are not going to want to disclose their financial situations, where it all came from and where it all went, each and every time they want to sit down at a high stakes poker table. If this is true we can only imagine that we are going to be hearing a lot more about it in the coming months.

Once we do learn more we will of course keep you up to date on the situation over in America and what the end result could be for both casinos and players. We do agree that many players could just leave for good and join the likes of Tom “Durrrr” Dwan who are already enjoying massive stakes cash games over in Macau.