2. When it comes to mob financial estimates, we're typically going to get only two things:
First, the more broad and general estimates we see of how much a boss (or family) was making a year, how much he's worth total, etc.
Second, some more solid - but limited - figures (like what Pogo posted about what some captains were kicking up to Massino, or what Charlie posted about what Dileonardo said of the construction income) but doesn't necessarily give a complete view of things.
In the case of Massino, we sort of have both. First, his end-of-run accumulated worth of $10 million. As well as his own estimate that he made about $25 million total (spending most of it) over his career of - what? - 40 years? But also a 4 captain sample of what was being kicked up to him a month from them.
I personally don't find it that hard to believe a boss today, could bring in $2-3 million a year, especially if he has his own legit/illegal rackets in addition to the tribute being kicked up to him. The problem is, who today is going to have the kind of relatively uninterrupted run that Massino did?
Practically speaking, I'd be shocked if any mob entity got a serious foothold in a casino today.Peppermint wrote: ↑Thu Apr 30, 2020 8:48 pmNot entirely true, Pennsylvania’s gambling industry is practically a brand new industry. Prior to the pandemic, I was going there once or twice a mont with my wife to visit various members of our families. Every time we go through, we see new hotels / casinos being propped up everywhere. Both newly developed, and under development. Some of these are corporate owned such as the Hard Rock Cafe chains, or likely owned by some native tribes, but there are a lot of them that are completely independently owned.TallGuy19 wrote: ↑Thu Apr 30, 2020 6:50 amI doubt it, a lot of casinos are corporate owned and probably out of the price-range of the modern mob. Plus, acquiring the proper licenses to operate a casino would be nearly impossible for anyone with a criminal record and/or organized crime connections.Peppermint wrote: ↑Wed Apr 29, 2020 11:09 pm In another thread, discussing illegal gambling in Ohio. Brooklyn21 mentioned gambling in Pennsylvania.
I mentioned that prior to the pandemic the legal gambling industry was booming, and to keep it short I mentioned that every month I would go there new hotel/casinos were propping up left and right.
My question that pertains to all this is: does anyone think any of these crews and their bosses be bringing in enough money to invest in and run casinos like the Outfit did back in the day in Las Vegas?
I personally don’t see any reason why the mob couldn’t get involved into this budding industry. Couldn’t they theoretically have a well trusted associate, apply for the gaming license, and run the casino for them? Exactly how the Outfit had Frank Rosenthal run various casinos for them in Vegas back in the 60’s, 70’s, 80’s? Not to add, seems like according to this thread, even small time crews are bringing in hundreds of thousands of dollars, no reason why they could not pool that money, launder it, and invest it into the Pennslyvania gambling industry
First, the regulatory controls are very strong and do a good job of screening mob-connected people. You still see people with loose mob ties not being able to get a contract for things like a building expansion or food vending.
Second, it just doesn't seem the mob (certainly not the Philly family) has the resources, or even the ambition, to make a move like that.
Millions over their run. Any concrete contract $2-5 million, one of the 7 main companies in the club had to pay 2%, which was divied up among the bosses. Anything over $5 million, the contract went automatically to Salerno's S&A Concrete. Contracts under $2 million, companies outside the club could bid on them put had to pay a $50,000 kickback to the Colombo family if they got the job.CabriniGreen wrote: ↑Fri May 01, 2020 2:02 amActually, how much were the Concrete Club gangsters pulling in? In average, in you guys opinions?
Many of them, yes. The government estimated mob control was adding an extra $500 million a year to garbage hauling costs in New York.The garbage guys in thier prime were multi- millions, right?
Well, the unions aren't totally gone, although the influence is significantly reduced and there isn't the same kind of money coming in. The kind of clout that that enabled them to be a rationalizing force in the industry, and control wide-spread bid rigging is gone, but there's still money in no- show jobs, ocassional sweetheart deals, etc.This is an interesting topic, what did you guys think of the Campos construction rackets? To me, it seemed like they ruined some high level connections for a couple of silly homes. It's not like they still had a total lock on the unions, so fucking up those type of connections doesnt seem smart.
In absence of the unions, what's really bringing it in? The big money?
What we saw in the Campos case, as well as the Crea case previously, is more business racketeering in the construction industry (which may or may not involve the unions) where they embezzled through inflating costs, etc.
Generally speaking, the biggest overall money maker is what it's always been - sports betting.