The Bicycle Casino and Club in Bell Gardens will stay closed through Tuesday until Wednesday as federal agents raided one of the largest gambling rooms of Southern California at around 7 a.m. Law enforcement officials notified The Times, that the investigators launched a money-laundering investigation and seized thousands of financial records. Officials with Los Angeles High-Intensity Financial Crime Area Task Force including U.S. Immigration and Customs Enforcement’s Homeland Security Investigators, the Internal Revenue Service, the California Department of Justice’s bureau of gambling control and the U.S. attorney’s office confirmed the raid to CBSLA, but would not comment further on the investigation.

The investigation targets to discover whether the individuals used the Bicycle club to launder funds by placing bets with dirty money before exchanging their chips for clean cash. The Agents also blocked the casino’s two parking lots.
Virginia Kice, an ICE spokeswoman, declined to comment on “the scope or nature of the investigation.” But, she said, “a search warrant issued by a United States magistrate judge was filed under seal in relation to an ongoing investigation.” And at 5:30 p.m she told that the investigators were still working inside the casino. A casino’s representative, Becky Warren said that the management was “cooperating with authorities” but refused to comment further. She informed that the casino would reopen at 3 a.m. Wednesday.

Frustrated players from the streets also complaint about the casino’s rude pit bosses and raised doubt highlighting that even though “the house always wins,” it won a little too often inside the Bicycle. The players also expressed content for the investigation taking place as they always suspected some fishy business cooking in the casino especially at Pai Gow. Some even claimed that had they not lost so much in the Bicycle casino since last 24 years, they could have built half the casino. Rigged gaming, however, did not appear to be the focus of the federal probe. Nathan Davalle of the state gambling control bureau also notified players with outstanding chips would be able to recoup their money as and when the casino reopens.

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