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BC Liberals delayed 'costly' money laundering task force, inquiry hears - BC News castanet.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from castanet.net Daily Mail and Mail on Sunday newspapers.
But River Rock’s long-time VIP/high-limit gambling architect Walter Soo previously told the commission he was observing “geopolitical” factors in and around 2012 that could lead more wealthy Chinese gamblers to Vancouver. These included a U.S. crackdown on money laundering in Macau-connected Las Vegas casinos, Chinese president Xi Jinping’s 2013 anti-corruption/political purge campaign, China’s capital flight restrictions and Canada’s investor immigrant program targeting China’s elites. Commission counsel Kyle McCleery read a Great Canadian Gaming Corp. (GCGC) report from Soo stating, “[People’s Republic of China] VIPs will encounter more restrictions to access funds for gaming in Macau and Las Vegas reducing their desire to frequent these destinations and diverting their play to River Rock Casino.” ....