It turns out that a woman from Quincy wasn’t the guardian angel Boston-area drug addicts wanted her to be to get them out of their financial holes.
Kimanh Le, 50, from Quincy, was arraigned in Suffolk Superior Court last week on four counts of criminal usury – better known as loan sharking. She was arrested in action at the Encore Boston Harbor Casino the day before her arraignment by a grand jury on March 31, according to the Massachusetts attorney general’s office.
Prosecutors say Le was offering loans at 5% interest per day or 10% interest per week, which far exceeds the state’s maximum annual interest rate of 20%. It would have offered the loans in the form of cash or casino chips and operated in other locations in Suffolk and Norfolk counties, according to a statement from the attorney general.
Court documents in his case were not readily available for further details.
Encore Casino in Everett is one of three casinos lit by the Commonwealth in its Expanded Gaming Act of 2011, one casino for each of the state’s three designated geographic regions. The law stated that the Commonwealth received 25% of each location’s gross gaming revenue, according to the Massachusetts Gaming Commission.
The state topped $1 billion in revenue from legislated casinos and other gaming last month.
In terms of revenue, March was the best month on record for Encore Boston Harbor, the third best month ever for MGM Springfield and the second best month for Plainridge Park Casino since Encore opened, Gaming reported. Commission.
Encore grossed $64.87 million last month, MGM grossed $24.28 million, and Plainridge grossed around $12.94 million in March.
Encore’s gaming revenue in March translates to $16.2 million in state taxes and fees, MGM’s take will translate to just over $6 million in state and Plainridge revenue will bring about $6.34 million to the state. In total, the state owes about $28.6 million in gambling revenue and fees as of March.
State House News contributed to this story.