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L’Arc Casino Senior Employee Investigated over Alleged Embezzlement

Thursday, January 16th, 2020

L’Arc Casino Senior Employee Investigated over Alleged Embezzlement

Macau’s Judiciary Police confirmed on Tuesday that L’Arc Hotel and Casino on the Macau Peninsula had reported an so-called embezzlement of only a little less than HK$100 million with a staff that is senior at the gambling location.

L’Arc Casino started doors last year and it is one of the fifteen satellite gambling venues operated under a special service contract with Macau-based casino concessionaire SJM Holdings Ltd.

Chan Cho guy, spokesman for Judiciary Police, stated at a Tuesday briefing that the case had been reported by the satellite casino on Sunday and confirmed that a staff that is senior ended up being certainly being investigated for presumably embezzling the total amount of HK$99.7 million (US$12.9 million) from L’Arc Casino.

The spokesman further noted that no suspects were arrested yet, but refused to call the senior employee.

Local media stated that the casino at L’Arc had been among the continuing company passions of Angela Leong On Kei, a shareholder and Executive Director at gambling operator SJM Holdings. When expected about the ongoing research, Ms. Leong told reporters that she was not mixed up in place’s day-to-day operations. She additionally indicated hopes that the authorities would act in due manner and would attain fast results.

The announcement in regards to the fraud research during the casino that is above-mentioned several months after Macau-based junket operator Dore Entertainment Co. (more…)

Senator Sweeney Casino Expansion Bill Gathers More Support

Tuesday, January 14th, 2020

Senator Sweeney Casino Expansion Bill Gathers More Support

Debates on what type of two New Jersey casino expansion bills become used by their state Legislature have become much more heated since Friday, when Gov. Chris Christie expressed his support for the Senate-backed proposal.

And on Sunday, that same proposition ended up being supported by Atlantic City’s main casino employees union. Members of neighborhood 54 for the UNITE HERE work union said that the Senate-sponsored bill would do more to limit the negative effects of the in-state competition the once-popular gambling destination would face whenever new gambling venues open doorways.

The said bill was proposed by Senate President Stephen Sweeney and calls for the establishment of two new casinos that are full-scale North Jersey. a bill that is separate sponsored by Assembly Speaker Vincent Prieto, also calls for the construction of two gambling venues into the north part of the state. The 2 proposals, however, differ in a supply focused on who should run the two casinos that are new.

Both venues should be operated by companies that have already been providing their services in Atlantic City under Sen. Sweeney’s plan. When it comes to bill that is assembly-backed it demands one of the gambling enterprises become handled by an Atlantic City-based operator while the other to be run with a brand new company, with gambling giant Wynn Resorts already being the type of to convey interest in entering the New Jersey market. (more…)