
Police say they're trying to find a helmet-wearing gunman who robbed one of Las Vegas' most recognizable casinos of $1.5 million in casino chips Tuesday morning -- and may also have robbed a different casino last week.
SourceIt wasn't me, I wasn't there, you can't prove anything. Plus, I don't know how to ride a motorcycle.
The first rule of gambling is to not bet anything you're unwilling to lose.
Problem gamblers forget that, because the house edge will always get you eventually. This guy is gambling his freedom. The house edge is the entire Las Vegas establishment and law enforcement want this guy caught. Someone
successfully robbing one of the most recognizable casinos on Earth is not the kind of PR that MGM Mirage wants. They're not really "out" any real money at this point, but they will move heaven and Earth to find this guy because they don't want a repeat.
Here is my wild-ass guessing about the case:
- The suspect is smarter than average. We know this because the heist shows good planning and preparation.
- He's not that smart - casino chips are not that liquid and high-end chips are almost impossible to use anonymously.
- He's probably desperate for quick cash, hence two robberies in two weeks.
- He's working alone. Too many potential failure points in his plan could have been removed with an extra set of hands.
Alternatively, he's a thrill-seeker who's not doing it for the money. This makes him more dangerous because he'll keep upping the ante.
The plan:
- Make sure that a table close to an exit is in play.
- Park the motorcycle at the valet stand.
- Run into the casino wearing a full helmet.
- Pull a gun on the table and grab their chips.
- Hightail it out of the casino to the waiting motorcycle.
- Drive away like all the demons of hell are right behind you.
The points where the plan can fail:
- You can only do this if you've cased the place, which puts you on casino surveillance, either immediately before the heist, or at the same time of day. If the casino rotates which pits are in use during the slow times (like 3:30 am. on a Monday morning), the odds of one being near an exit are lowered.
- And hope no one messes with your motorcycle.
- Concealing your face in a casino is a pretty big "tell". Door and floor security plus the guys watching the monitors should all be paying attention at this point.
- Casino policy is probably to just give an armed man whatever he wants. The risk here is some tough guy deciding to be a hero. This isn't real predictable. The pit boss should be tripping a silent alarm and the guys on the monitors should be aware of a robbery now if they weren't before. The police are being contacted.
- If you watch the tapes of this guy, you'll see he's constantly craning his head on the way out - that helmet is now a liability because it keeps him from identifying peripheral threats. He's at greater risk to that random tough guy.
- He's in shit if his bike isn't there or it's been disabled. If the bike is still there he's now in danger of getting in a chase with LVPD.
So here's a guy that planned and executed a heist. The heist seems likely to have been done by a lone individual who planned out as best he could how to do it by himself. He minimized but could not eliminate all the risk. The problem is the end-game - how do you spend $1.5M worth of chips? Remember, he doesn't have $1.5M in real money. High-end chips have RFID tags on them, so they can be identified. I'm not sure if all of the chips have RFIDs on them, but given the denominations were $1000 and up, I think it's likely (there's really no good reason for not IDing any casino chip worth more than the RFID tag itself).
Now just because a chip has an RFID (or equivalent) on it doesn't necessarily mean an alarm is going to go off as soon as you walk in the door. Maybe they only get scanned when security is bringing them in or out of a pit. If this is the case, you could (with decent timing) walk up to a roulette table and start playing with your naughty chips, which effectively launders some of them. Doing so in a way that doesn't raise behavioral flags to security is hard and would take a lot of patience. The robber's new "job" might be to walk into the casino every day with $1000 worth of dirty chips and lose his way down to $500 worth of clean chips. That's better then what I make, but I don't risk going to jail.
The casino can swap out the chips for ones of a different colour. This serves to visually identify them and keeps them out of play. Of course, there's always chips floating around in peoples' pockets, which allows the robber some leeway. OTOH it forces anyone with chips to cash them immediately rather then launder them by playing, effectively eliminating the "job" option above.
Even if the chips don't have some kind of unique identifier on them, I've been told it's rather hard to cash them if you can't prove you've been playing. Walk up to a cage with $5000 in chips and be prepared for the third degree if you can't immediately point at a pit and say "I've been playing blackjack there for the last two hours".
There are two other ways of converting chips to cash that don't involve the casino. The first is to use them in Las Vegas' underground economy. The second is to simply sell them to someone at a discount. Ten cents on the dollar is still a remarkable haul for armed robbery. The Bellagio greatly reduced the chances of this happening by publicizing that the chips are useless. Only the truly dumb or desperate are going to be buying discount Bellagio chips for awhile. And if someone where to offer them to you, you might start wondering if the Bellagio was offering any sort of reward.
It's possible the robber knows of a way to cash a large amount of chips that bypasses the scanners and the cages - if that's the case it's now a job with insider knowledge.
Here's how he's going to get caught:
He talks to someone. Loose lips sink ships and they sink criminals too. At some point he's either talked about his plan to someone (perhaps back when it was still idle speculation rather than anything concrete) or he's bragged about it. People remember conversations and they can tell the authorities.
Even if he doesn't talk, he needs to convert the chips to money, that exposes him to the casino or people who could report him to the authorities.
Maybe he was sloppy before the heist - If I were casino security I'd certainly be curious about people near the craps pit in the weeks prior to the robbery.
Maybe he never gets caught and has a story to tell his grand-kids about years after the statute of limitations runs out.