Macau junket operator WIN Macau VIP room closed

Dore Entertainment Co. Ltd. will close its VIP room in Wynn Macao, according to the most recent report in Game City. The Macau junket operator operates three VIP rooms at the casino, with two rooms now remaining after the closure. However, the Macau Daily Times reported that the rest of the rooms will also be closed.

Speaking to GGRAsia, spokesperson Win Macau confirmed that Dore will close one VIP room on Oct. 31. Dore made this decision to scale back its business operations.

Just last month, Dore reported that they were victims of internal fraud by the then-staff, which supposedly happened when the cage manager used her powers to complete an unauthorized action without Dore’s knowledge. 온라인카지노사이트

Police received 49 complaints related to unauthorized conduct, and they demanded that Dore be allowed to withdraw cash deposits that he allegedly left with Dore.

Dore did not disclose the amount the employee was actually able to steal, but the company said it was more than HK$100 million. It is not uncommon for Macau junket operators to raise capital for rolling chip programs from retail investors. The capital will be above the market interest rate. This will be used for VIP Players credit transactions.

Fraud issues at Dore have succeeded in frightening investors, which has led the operator to decide to close the VIP room in Win Macau. The game analyst believes the scam has led investors to slowly start asking premium investors to withdraw cash, starting with small investors and supporting a large portion of junket liquidity.

In the wake of the case involving Dore, Macau authorities decided to create new accounting guidelines for the junket industry. Operators will now have to produce monthly accounting reports starting next year. Personnel information will also have to be provided to game regulators to show who is in charge of the financial operations of Junket.