Macau casino junket operators rocked by yet another internal theft

Macau casino junket operators have started 2016 off on the wrong foot, as word spread of yet another internal theft.

On Wednesday, the Macau Daily Times reported that the Macau Judiciary Police (PJ) had confirmed the suspected theft of at least HKD 99.7m (US $12.5m) from a junket operator working out of L’Arc Macau, which operates under an SJM Holdings license.

The PJ said it received a report on Sunday (3) regarding a man with the surname Chan who held a senior position at the junket operator in question and who has apparently not been heard from in some time. Police are investigating the report but no arrests have been made.

A Bloomberg News report from last year noted that the VIP room on L’Arc’s 21st floor featured signage belonging to the Heng Sheng Group, one of Macau’s top junket operators. However, junket investor Iao Kun Group Holdings also has a presence at L’Arc, and their L’Arc promoter’s surname is Chan.