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Illegal Betting Ring Busted Up at the Borgata Hotel & Casino

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  Site Where: 1 Borgata Way [map], Atlantic City, NJ, United States, 08401
November 15, 2007 at 9:15 AM | by | Comments (0)

While we never encountered anything but good food, a relaxing spa treatment and a lucky pull at the slots during our stay, there were much more sinister things going on under the surface at the Borgata Hotel and Casino in Atlantic City.

Law enforcement agencies arrested 23 managers, bankers, casino employees and agents yesterday for participating in an elaborate illegal betting scheme.

The Borgata security and surveillance departments helped investigators watch six casino employees, reputed mob associates and others in off-the-books exchanges of cash and casino chips during illegal betting in the poker room.

Gamblers learned of the illegal gaming - which authorities claimed siphoned $22 million from legitimate casino games - by word-of-mouth.

Losing gamblers were forced to borrow money at 50 percent annual interest to cover their debts.

Leading this scheme were four mobsters (they still exist!) from a Philadelphia-South Jersey crime family. The four men were also arrested yesterday.

Authorities reported that the sting didn't affect anything on the casino floor yesterday. It was gambling as usual but we bet those eyes in the skies are keeping a very careful watch.

Related Stories:
· Alleged mob-run bet ring smashed inside Borgata [Philly Daily News]
· Fire Torches The Water Club at AC's Borgata [HotelChatter]

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