Macau authorities are investigating allegations of embezzlement, involving HK$1 million (US$128,600) from L’Arc Macau’s VIP gaming room, local media reports.
According to a spokesman from the Judiciary Police who spoke with Hong Kong news media Economic Journal, a manager working in the ‘profit-sharing area’ in the VIP room had taken cash deposited by a client on Feb. 17.
The spokesman from the JP did not provide any further details, whilst the casino operator declined to comment.
This is the second embezzlement case involving L’Arc Macau’s VIP room. In early January, Macau Police announced it was investigating a senior staff member of Casino L’Arc’s VIP business on suspicion of embezzlement. The case involved funds totalling HK$ 99.7 million (US$12.8 million).
An industry insider who discussed the topic with Business Daily in Macau, said that embezzlement cases such as these have always been happening in the city’s VIP rooms but have only become more noticeable since the gaming downturn. “operators just didn’t report it to the police or make it high profile in the past as they cared about their image a lot. However, given the gaming slump, they now make everything high profile when it affects their costs,” claims the insider.