Casino Great Canadian Toronto penalized for collusion by AGCO
Uncovering the $120,000 Fine: Great Canadian Casino Resort Toronto in Hot Water for Missed Red Flags
It's no joke, my friends. The Alcohol and Gaming Commission of Ontario (AGCO) is putting the heat on Great Canadian Casino Resort Toronto, slapping them with a hefty $120,000 fine. So, what got them in this mess? Let's break it down.
Busted for a sneaky scheme, five individuals - two table game dealers among them - found themselves in hot water back in March 2024, after an investigation by the AGCO's Investigation and Enforcement Bureau (IEB). According to reports, these shady individuals had been colluding with casino patrons in a fraudulent scheme that racked up nearly $20,000 in illicit winnings in less than a week. Ouch, that's some serious cash!
Now, you might be wondering, how did this slip under the radar? The AGCO's review revealed that the casino's compliance and enforcement staff had dropped the ball, failing to notice this fishy scheme. To make matters worse, they also found that the staff had neglected to adhere to the proper table game auditing procedures.
AGCO's CEO, Karin Schnarr, had this to say:
Registered casino operators in Ontario have a responsibility to ensure that gaming remains fair and honest. This includes a responsibility to detect and prevent collusion and cheating. We'll continue to work tirelessly to uphold these standards and maintain the integrity of gaming throughout the province.
Great Canadian Casino Resort Toronto, which opened its doors in June 2023 next to Woodbine Racetrack, has the option to appeal this hefty penalty to the independent Licence Appeals Tribunal (LAT).
But here's a fun fact for you: this isn't the first time the casino has faced penalty for skirting the rules. Back in September 2023, they were hit with an $80,000 fine for a separate incident involving a electronic craps dealer cheating scheme. Yikes!
Stay tuned to our Telegram channel for more updates on this unfolding story. Let's hope the casino can buckle down and get their act together! 😊
- The AGCO, Ontario's regulatory body for casino-and-gambling, fined Great Canadian Casino Resort Toronto $120,000 for a fraudulent scheme in 2024, where table game dealers colluded with patrons.
- The AGCO's IEB uncovered the scheme in March 2024, which racked up nearly $20,000 in illicit winnings in less than a week.
- The AGCO's review found that the casino's compliance and enforcement staff had missed the red flags, failing to notice the fraudulent scheme and neglecting to adhere to proper table game auditing procedures.
- AGCO's CEO, Karin Schnarr, stated that casino operators have a responsibility to detect and prevent collusion and cheating to maintain gaming integrity in Ontario.
- Great Canadian Casino Resort Toronto, which opened in June 2023, has the option to appeal the fine to the independent Licence Appeals Tribunal (LAT), but this isn't the first time they've faced penalties for skirting the rules.
