Some 200 depositors are believed to have lost deposits after the closure of a VIP room last year.<\/p>\n\n\n\n\n\n\n\n
Macau.-\u00a0The Judiciary Police in Macau<\/strong>\u00a0is investigating a sub-agent working in gambling junket promotions who failed to return nearly HKD280m (US$35.8m) from more than 200 deposit holders. Officers say the money was deposited in\u00a0a casino VIP room over two years. <\/p>\n\n\n\n Police have not identified the junket operator who worked with the sub-agent nor the casino venue or location where the VIP business was conducted, but\u00a0says the sub-agent is believed to have been involved in gambling transactions in Macau from October 2019 to September last year.<\/p>\n\n\n\n An investigation began after 18 depositors reported that they were unable to recover deposits totalling MOP27m after the closure of a VIP room last year.<\/p>\n\n\n\n Two Macau residents have been arrested\u00a0<\/strong>and handed over to the prosecution on suspicion of serious fraud and criminal group crimes after reportedly refusing to cooperate with the investigation.<\/p>\n\n\n\n The Macau government is currently working with the city\u2019s Legislative Council to develop\u00a0a new regulatory framework<\/a>\u00a0that will include stricter financial conduct responsibility rules and accountability for employees and junkets.\u00a0The new gaming bill<\/a>\u00a0would allow\u00a0junket operators to each provide services to only one casino operator<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":" Some 200 depositors are believed to have lost deposits after the closure of a VIP room last year.<\/p>\n","protected":false},"author":176,"featured_media":22428,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's Judiciary Police are investigating a sub-agent involved in junket promotions for the alleged misappropriation of approximately HKD280m from over 200 VIP depositors following a casino VIP room closure. This incident underscores critical financial conduct risks within the junket sector, coinciding with the Macau government's efforts to implement a more stringent regulatory framework, including enhanced accountability and limitations on junket-operator affiliations.","focusai_entities":"Judiciary Police, Macau government, Legislative Council","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (1.0), compliance_legal (0.95), operator_casino (0.9), payments_fraud_aml (0.85), investor_analyst (0.9), supplier_vendor (0.75), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Junket Regulatory Impact","query":"What specific provisions of the proposed Macau gaming bill are expected to enhance financial accountability for junket sub-agents and mitigate similar deposit misappropriation risks?"},{"label":"Operator Risk Exposure","query":"How will the new regulatory mandate limiting junket operators to a single casino operator impact existing B2B agreements and the overall risk exposure for concessionaires in Macau?"}],"footnotes":""},"categories":[16338,439],"tags":[23906],"class_list":["post-28590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-legal-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=28590"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28590\/revisions"}],"predecessor-version":[{"id":28608,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28590\/revisions\/28608"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22428"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=28590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=28590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=28590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}