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$258 million Macau casino heist

Posted on the 15th of September 2015

$258 million Macau casino heist

Thieves have swiped a whopping $258 million from Dore Holdings, which is a junket operating at the Wynn Macau casino in China. Dore Holdings has two VIP rooms with more than 25 tables at the casino. Junkets are an important part of Macau’s casino industry. They act as the middleman between the casinos and the high rollers. While the casino provides the croupiers, chips and private rooms, the junket operators bring in the high rollers and provide them with the money they need to play. With so many gambling regulations and restrictions, and money monitoring operations, some gamblers find it easier and more convenient to transfer money to the casinos through junket operators. “Dore owes no money to the company and continues to operate in Wynn Macau,” a Wynn spokesman said, according to Macau Gaming Watch. The Dore concerns “have no direct financial impact on Wynn Macau.”

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