Minimum payout percentages for slots used to be controlled by the Nevada Gaming Commission. AFAIK it still is.
Most professional gamblers play 'skill' games such as blackjack or poker.
But buy $10,000 in tokens, play the slots for a few hours, then cash in $9,000 of chips, and you've just taken dirty cash and turned it into clean income.
Yup, the money laundering angle has to be looked at very hard. That was evident from the start. Feds had better not b.s. this investigation Comey-style !!!!!!!!!
And I read where this guy used to work for the IRS.
Good point regarding the dirty cash. I read an article that said he was gambling $30,000/day.
It wasn’t just the monetary winnings he got.
There were other perks for being a regular customer and one who won quite often.
His hotel rooms were often paid for by the hotel and free food as well.
He got to at least 100% by gaming the hotels too but it is not a real occupation unless there is a passion to it to do all the work.
Looks like a lot of work for not much reward unless there was another motive IE: laundering.
He does not seem like a guy that has moral convictions that would persuade him from doing this sort of activity.