Bicycle Casino Gets Slammed for $500,000

November 16, 2021

The Bicycle Casino near Los Angeles seems to have forgotten some things. You don’t tug on Superman’s cape, you don’t spit into the wind, you don’t pull the mask off the Lone Ranger, and you don’t mess around with the Internal Revenue Service. The casino has been hit with a fine of half a million dollars for not properly reporting cash transactions of over $10,000 on multiple occasions over an 8-month period back in 2016. And yes, we’re just learning about this now. It seems a customer (who was a Chinese national) brought about a hundred million dollars to the…

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