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Home News Gambling News Police Eye Suspect in $1.6M Casino Heist

Police Eye Suspect in $1.6M Casino Heist

Las Vegas police are in search of a 31-year-old Southern California man they believe sneaked into a restricted area of the Venetian resort earlier this month and stole $1.6 million in high-denomination casino chips.

Akingide Cole of Palmdale, Calif., is wanted on suspicion of burglary, grand larceny, and unlawful possession of burglary tools stemming from the heist in the Las Vegas Strip resort, police mentioned Monday.

But it really is unlikely the robber will probably be capable of redeem the high-value chips, that are generally circulated among a little group of high-rollers.

“In any of these thefts of chips, it really is extremely tricky to money these in,” stated Nevada Gaming Handle Board Chief of Enforcement Jerry Markling. “Licensees generally know who their customers are.”

Because of internal protocol that will flag the most significant chips, the redeemable worth in the stash is estimated at $10,000, according to Ron Reese, spokesman for The Venetian’s parent organization, Las Vegas Sands.

Police didn’t disclose exactly how the theft occurred, however they mentioned no weapon was involved, plus the man didn’t confront any person throughout the incident, which happened about six a.m. on Oct. ten.

The theft was a departure from two high-profile heists in current months. In May perhaps, two males wearing wigs walked up to a table at the Bellagio, pepper-sprayed a blackjack dealer, and snatched $115,000 in chips.

A casino supervisor tackled on the list of males, Michael Quinn Belton, and retrieved the 23 chips worth $5,000 each. The other man got away.

Belton, 25, of Nuevo, California, apologized in court earlier this month and was sentenced to two to five years in prison.

In a further high-profile case in the Bellagio, Anthony Michael Carleo was sentenced to 3 to 11 years in state prison for armed robbery and assault using a deadly weapon.

Carleo wore a motorcycle helmet Dec. 14, 2010, as he waved a gun and produced off with $1.five million worth of high-value chips. He was arrested trying to redeem a $25,000 chip.

Casinos typically have a second, differently styled set of chips that may be put into circulation soon after a theft, Markling mentioned. That way, a person attempting to play with stolen chips would stand out.

Meanwhile, police are searching for out details on Cole’s whereabouts.

Police describe him as 6 feet tall and weighing about 225 pounds. He final had a goatee and brief dark hair within a semi-mohawk, and police also said he features a distinctive fibrous growth on his left earlobe.

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