Chaser Casino AGM - Note to shareholders
Dear Shareholders,
Thank you for coming to the Chaser Casino’s Annual General Meeting, and I'm sorry that the technical stuff up meant we couldn't get to any of your questions.
First of all, I just want to make it clear that the board had no idea that several senior executives were involved in illegal junket operations in mainland China. Those people were simply employed because of their well-formatted CVs and not because of their shady links to crime figures seeking to launder large amounts of money through our casinos.
And the secret multi-million dollar consultancy contract that we have been paying our largest shareholder in no way suggests he was actively involved in the operations of the casinos. In fact, the opposite is true. We were paying him to NOT be involved in the business. It’s a very common thing for companies to do.
I can’t be clearer: just because we were paying him to work for us doesn’t mean he was working for us.
And anyway, that’s all in the past because we tore that contract up this morning, just before you turned up anyway. Haha. It’s ancient history, really.
But seriously, I want to just say that I am shocked -- dismayed and shocked -- that our casinos appear to have been used for money laundering.
If it had even occurred to me for one instant that the organised crime bosses from China who we’d organised to come to our casinos were not just there for the free drink vouchers, but instead were using us to launder the proceeds of crime, we would have paid closer attention to the anti-money laundering laws that we didn’t follow.
But it just did not even occur to me that a casino could be used for that purpose. I’m still in shock just realising that casinos and money laundering have anything to do with each other. I mean, when did that become a thing?
Anyway, we commit to looking contrite. And rest assured, as soon as I get the exact wording from our largest shareholder, I’ll be issuing a longer statement about he has nothing to do with our operations.
Charles Firth
CEO
Chaser Casinos & Laundering Services Ltd
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