Dennis Nikrasch was a cunning criminal who went down as a famous slot machine cheater. It won him millions of dollars.
Dennis Nikrasch slot machine cheater
It is estimated that Dennis from Chicago netted over 15 million dollars as slot machine cheater.
Nikrasch was the brains behind the crime but he got together a group of other professionals to help him rob the casinos. The principle target was casinos in Las Vegas.
As a fully competent locksmith he was able to commence his life of crime in Chicago where he would break in to luxury homes and retail stores. In the early days he was working for an organised crime ring. In 1961 he commenced a jail term of 10 years for various burglaries.
After serving his term, Dennis moved to Las Vegas for the next part of his criminal career. He thought he might have the necessary skills to defeat the slot machines and he did. He managed to win a couple of million dollars but got caught in the early 1980s, resulting in a 5 year jail term.
Electronic machine scams
By the time Dennis came out of prison, slot machine technology had moved on and the machines were largely electronic. So, he team up with an old friend called Bulgarino who had the necessary experience. They purchased a couple of brand new slot machines and set to work understanding how they worked. It was no long before they had learned to overwrite the software to trigger a jackpot win.
After a bit of practice he was able to trigger jackpots in live casinos. The nest thing needed was a team of people to help him work the scam. Part of the process was placing these people in key positions so that he could work his magic without being seen. The Nikrasch group decided to rig a machine at Harrah’s Casino and they walked out that night with a win of 3.7 million dollars.
The Nikrasch group continued and many more millions of dollars were won without any problems. It is ironic that they were finally caught after a disgruntled group member had reported Dennis to the police. The FBI got involved and after some phone tapping.
Following his arrest Nikrasch pleaded guilty to racketeering and a number of other charges. He was jailed for only 8 years because of his guilty plea and he was released in 2004. No one seems to know where Dennis is now but he was banned for life in all Nevada casinos. Could he now be a slot machine cheater outside of Nevada?
Read more about casino scams.
Other Gambling Scams which involved criminal activity
The Roselli Brothers who conned the banks and casinos out of 37 million dollars during the 1990’s.
Louis Colavecchio who became an expert forger of casino tokens. He went to prison for seven years and then tried again.
Bill Brennan a casino employee who apparently walked out of a casino at the end of his shift with half a million dollars in casino chips and cash.
Monique Laurent a Roulette cheat who worked with her brother to electronically control the outcome of the spin.
Ida Summers a casino worker who learned to re-arrange the cards so that the punters won.
Richard Marcus who won hundreds of thousands of dollars by manipulating casino chips.
Ronald Dale Harris and Reid NcNeil who learned to cheat the the gaming machine software.
Tommy Carmichael who manipulated slot machines to win. He is now a reformed character an works as a slot machine security consultant.
A Blackjack card counting scam which enabled a group of students to win millions of dollars from US casinos.
A card cheating mobile phone which can scan and read a deck of cards, discovered by Google.