Is Casino Fraud Increasing?

01.18.2008 | 11:20 pm | News, casinos

There has been a flurry of police investigations and arrests on the subject of Casino fraud, although surprisingly it has been a number of casino employees whom have been arrested.  So is Casino fraud on the increase or is this just a spate of fraud cases hitting the media?

The problem with the casino industry and fraud, especially by employees, is the fact that it is almost impossible to prove unless you have excellent video coverage and are able to catch the perpetrators in the act.  While the industry is ultra competitive to say the least there is massive money at stake both for the casino owners and the customers.  So is there really an increase in fraud occurring?

While at first glance in the press you would say that there has been an increase of late, but further investigation will show that police detection and prosecution methods have greatly improved in recent times.  There is still speculation that a number of professional gangs are operating in the industry, often using decoys to do their “dirty” work for them in order to avoid capture. 

However, those who are familiar with the industry will know that this has always been the case because since day one it has been a constant battle between the casinos and the professionals.  While both sides have claimed victories along the way, in general the casinos have been able to prevent any major fraudulent activity over the last few years.  That said, the casino owners know that if they were to take their eye of the game the professionals are waiting to take advantage.

The battle between the owners and customers has always been a game of cat and mouse, and up to now the owners have been able to claim the glory.  However, the battle is still very much ongoing and there will be much action in the future!