The Las Vegas District Attorney is confirming that a man is being accused of stealing from Las Vegas casinos. According to the DA, he’s being charged with theft of over $600,000. It’s one of the largest casino thefts in Las Vegas’ recent history.
This robbery was different from many of the others that have taken place in this city over the years. Today, we’re looking at the details of this case. We’ll also talk about some of the biggest Las Vegas casino robberies over the past few decades.
Sang Ho Lee Arrested for Las Vegas Casino Theft
Casinos in Las Vegas are known for having some of the best security in the world. It’s seemingly impossible to pull off any kind of heist in the city’s major gambling venue, yet theft is still an issue here. Sang Ho Lee was arrested on Monday for stealing hundreds of thousands of dollars from multiple Las Vegas casinos.
Lee didn’t rob these gaming venues “Oceans Eleven” style. Instead, he’s being accused of using fraudulent checks and insufficient funds.
According to the District Attorney, between December of 2016 and January of 2017, Lee signed three $100,000 checks to the Wynn Las Vegas and two checks totaling $25,000 to The Palazzo.
Las Vegas casinos will grant what are known as casino markers to their patrons. These are interest-free loans for gamblers to play with. They’re considered checks and must be paid within 30 days. Those who fail to pay these markets back face fraud charges.
Sang Ho Lee has been released from custody. He has a preliminary hearing scheduled for October 7th.
Biggest Cases of Stealing From Las Vegas Casinos
Many have attempted to rob Las Vegas casinos. Generally speaking, these attempts fail miserably. Some, however, have managed to steal from these gambling venues, only to be caught later. Below are some of the most noteworthy cases of stealing from Las Vegas casinos over the years.
Biker Bandit Bellagio Theft
In December of 2010, Anthony Carleo rode up to the Bellagio on a motorcycle, ran inside the casino with a gun and demanded a craps dealer give him chips. He managed to escape with more than $1.5 million worth of casino chips.
Several weeks later, Carleo attempted to sell these chips online using the Alias “Biker Bandit.” Eventually, he was caught inside the Bellagio trying to sell his stolen chips to undercover police officers.
Bellagio Cashier Theft
The Bellagio actually had a string of robberies in the early 2000s. In June of 2000, three men stormed this casino with body armor and robbed the cashier cage for $165,000. On their way out, one of the men fired at a security officer.
These three men were arrested by Las Vegas police several weeks later. This famous robbery changed how many of Las Vegas’ top casinos secure their cashier cages.
Huge Stardust Robbery
In September of 1992, William John Brennan, a former sportsbook cashier at the Stardust casino, walked out of the gambling venue with more than $500,000. It was one of the largest and most simplistic robberies in Las Vegas history.
Interestingly, Brennan has not been seen since the robbery. A warrant was quickly made for his arrest, yet he’s managed to avoid capture.
Las Vegas Revenue Finally Begins to Increase
For the first five months of 2019, revenue in Las Vegas decreased. Things finally took a turn in June. That month, gambling revenue on the Las Vegas Strip increased by 17.7%. Much of this was due to baccarat.
Gambling earnings from baccarat increased by 19.5% last month. Nevada’s overall gambling revenue increased by 11.6% to $1.041 billion. It’s a great sign for the United States’ major gambling hub.
Internet gambling is also growing more popular here. There are many fantastic online casinos in Nevada available to players. Most offer a wide range of online slots and table games.
The US gambling industry has never been more competitive. Many states, including New Jersey and Pennsylvania, now have flourishing land-based and online gambling markets.
As you can see, stealing from Las Vegas casinos is never a good idea. Sang Ho Lee is facing serious prison time for theft. Make sure to stay tuned for more updates on this story!