In a dramatic turn of events, the $24 million casino empire of Rima Ray, owner of Caribi Bleu Casino in San Pedro, Belize, has crumbled following a comprehensive investigation by News 5. Ray, a prominent American casino operator, is now incarcerated in the United States, facing serious charges including fraud, illegal gambling, and operating an unauthorized gaming business.
Ray’s downfall began in July 2025 when a routine traffic stop in the U.S. led to the discovery of over $300,000 in cash hidden in his Tesla. Police bodycam footage, released this week, captures the moment officers uncovered the money, which Ray claimed was proceeds from the sale of part of his casino business in Belize. Twenty days later, he was arrested in Sumter County on a $50,000 bond.
The arrest is the culmination of a months-long U.S. investigation, but Ray’s name first came under scrutiny in Belize in 2024 after News 5 exposed irregularities at Caribi Bleu Casino. This prompted Belizean authorities to launch their own investigation, which revealed an unauthorized ATM dispensing U.S. currency and raised questions about Ray’s extensive list of golf cart permits on the island.
The Central Bank of Belize and the Financial Intelligence Unit (FIU) subsequently initiated probes into Ray’s operations. Although he faced no charges in Belize at the time, the Ministry of Finance revoked the gaming license for GMK Sky Limited, the company operating Caribi Bleu Casino, on July 25, 2025. The public was advised to cease all business dealings with the entity, and operations were ordered to halt immediately.
Reports now estimate the value of Ray’s illegal operations at $24 million. He is set to be prosecuted under the Racketeer Influenced and Corrupt Organization Act (RICO), marking a significant blow to his once-thriving casino empire.