L’Arc Macau scandal won’t affect SJM business; Ambrose So

SJM Holdings chief executive Ambrose So Shu Fai has said the alleged embezzlement case involving a junket employee at L’Arc Macau casino will not affect the gaming company’s business, according to local media.

L’Arc Macau, which opened its doors in 2009, is one of fifteen third-party managed casinos operating under a service agreement with SJM. Last week, Macau police began an investigation of a senior staff member of its VIP business on suspicion of embezzlement. The case involves funds totalling HK$ 99.7 million (US$12.8 million).

So says the incident will not affect SJM operations.  “This time, the employee took away their commission and fled. It’s different from Dore’s incident in which collective investor funds were deposited in the VIP room. This incident will not influence SJM,” he was quoted as saying by TDM.