Voucher-like tickets used in casinos to store and transfer monetary credits between gaming machines or redeem for cash, enabling cashless transactions.
Main/
TITO Tickets
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Code
IN0034
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Name
TITO Tickets
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Version
1.0
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Category
Fiat (Physical/Digital) & Paper-Based Payment Instruments
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Created
2025-02-28
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Modified
2025-04-02
Related Techniques
- After minimal or no actual betting, criminals convert inserted cash into TITO tickets, making it appear as legitimate winnings.
- These tickets are transferable among accomplices or consolidated to mask the true source of funds, scattering or regrouping the original amounts.
- Once redeemed, the proceeds appear to financial institutions as ordinary casino payouts, further obscuring their illicit origin.
- Criminals insert counterfeit bills into slot machines to obtain TITO tickets (vouchers for slot machine credit).
- These tickets are then redeemed for genuine cash at the casino cashier or kiosks.
- If automated currency validators fail to detect forgeries, fraudulent notes enter the system undetected, converting fake bills into legitimate payouts.
- Criminals insert illicit cash into slot machines and receive tickets storing equivalent value.
- Redeeming these tickets is recorded only as gaming proceeds, making the deposited funds appear legitimate.
- This mechanism allows rapid layering, limiting direct scrutiny on large, suspicious cash buy-ins.
- Criminals insert small-denomination bills into slot machines, generating larger payout vouchers (TITO tickets) with little or no actual gameplay.
- They redeem these tickets for higher-denomination payouts, falsely presenting illicit funds as genuine casino winnings.
- In some cases, launderers purchase or forge winning TITO tickets from others, further obscuring the true origin of the funds.