Macau Casino VIP Room Employee Under Arrest for Theft
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Police in Macau arrest a woman for stealing MOP95.5m ($11.9m) from clients of the casino VIP room where she worked.
Macau Casino VIP Room Employee Under Arrest for Theft. Deposits stolen from clients. 42-year-old woman employed by one of the casinos in Macau has been arrested. She allegedly stole MOP95.5m ($11.9m) from the Cotai VIP room where she worked.
A woman signed a partnership agreement with the VIP casino club in Cotai. She paid HK$5m ($640,000) to use the club to conduct VIP business. Last week she found that the room had taken her funds and her partner had disappeared. A male victim had deposited HK $3.6m into the same Cotay VIP room. He was promised a daily interest rate of 1%. He couldn't retrieve his deposit or the interest. The VIP Business permitted its account room to authorize the withdrawals by Tong on a number of occasions.
The local government is conducting a 45-day consultation on regulatory reform. The proposed changes focus on increased casino surveillance and regulation of deposits in junket rooms. Wynn Macau shares took a hit as a result of the consultation.
