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Note To Self: Don't Start A Bookmaking Scheme At Borgata

By Chuckmonster on Thursday, 15th November 2007 2:53pm
  » filed under Note To Self...  comments: 0

   

On this weeks episode of the Sopranos, a $22 million dollar sports bookmaking operation based out of Borgata Atlantic City's poker room is raided by the feds.

Andrew Micali, Vincent Procopio, Anthony Nicodemo and Michael Lancelotti - associates of Philly mob boss Joseph 'Skinny Joey' Merlino - are accused of working in concert with Borgata employees to take bets on college and pro basketball and football. The 'rogue employees' were busted hustling cash and casino chips through an informant tip to casino security. Poker room supervisors, dealers and a bartender were charged with money laundering - changing dirty cash to chips, 'washing the chips' by placing a handful of bets, then exchanging the left over chips into cash. Loans made by the operators had a 50% interest rate... holy crap!

Atlantic City has no legal sports books.



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