German Banker Accused of Stealing Millions to Fund Gambling Habit

German Banker Accused of Stealing Millions to Fund Gambling Habit

A German banker is component of a brand new trend of high-dollar gambling thefts

It’s nothing a new comer to hear about individuals stealing money in order to spend it on gambling. However, it’s rare that the theft ever gets this big. A 39-year-old German bank worker is accused of stealing over €8 million ($10.6 million) from customers, which then he spent at casinos within the course of several years.

Stole Undetected for Years from Customers

According towards the charges, the person works in Buxtehude, a Northern Germany town that is a suburb of Hamburg. During the period of more than three years spanning between 2007 and 2010 the man took money from clients‘ accounts no fewer than 156 times. He additionally directly took cash which had been fond of him by customers to spend. In accordance with prosecutors talking in Stade District Court, the man even faked customer signatures on several occasions in order to get access for their money.

The amounts stolen varied greatly from customer to client. At some times, he took only a few hundred euros; in the most cases that are dramatic a few hundred thousand euros were taken out of accounts at the same time.

In total, €8.4 million ($11.1 million) was applied for of customer accounts on the years. That money was then largely spent at a local casino in Hamburg.

According to prosecutors, the unnamed guy had already repaid €4.5 million ($6 million), th […]

Gamblers Wanted: Atlantic City Gamblers Show Up, Finally, at Revel

Gamblers Wanted: Atlantic City Gamblers Show Up, Finally, at Revel

Also Revel’s Facebook web page bears their new slogan: Gamblers Wanted

It is the first good news since Atlantic City’s casino that is newest opened: finally, a marketing campaign appears to be working, and July’s numbers mirror the improvements every-where within Revel Casino-Hotel.

New Campaign Working

Having its seemingly apparent ‚Gamblers Wanted‘ campaign including a sign that is massive close to the front for the casino Revel has apparently made it clear that their former no-smoking, chi-chi attitude is out with the Atlantic Ocean tides, and a more approachable ‚come on in and invest your hard earned money‘ tactic is working for them.

Revel’s revenues for July were $23.4 million, from the combined take from both slots and table games, which represents a dramatic 33 percent jump from a year ago.

‚I think the July results clearly reflect the impact of the ‚Gamblers Wanted‘ campaign,‘ said Jeffrey Hartman, Revel’s interim CEO.

Overall, however, Atlantic City casinos will be wanting more gamblers; the figures for most of the beleaguered gambling town’s casinos continued to freefall, with a nearly 4 percent drop compared to 2012, according to numbers released by the state’s Division of Gaming Enforcement. The sole other casinos that showed gains besides Revel were Borgata, up 19 %, and Resorts Casino Hotel, having a 6 percent jump compared to last 12 months.

Holiday Helpers

Helping the July numbers, evid […]