Dec 23, 2015 Newsdesk Latest News, Top of the deck, World  
Three Britons have been jailed for cheating – in a year-long scam – a European casino that is now part-owned by Macau gaming operator Galaxy Entertainment Group Ltd.
The trio were found guilty of switching casino chips bought for EUR10 (US$11), with ones worth EUR1,000 while playing roulette at Casino de Monte-Carlo (pictured) in the Mediterranean principality of Monaco, reported the U.K.’s Daily Telegraph newspaper.
The professional gamblers were handed prison sentences of between 10 and 30 months by a Monaco court on Monday and ordered to pay back EUR850,000 of the EUR3.66 million they were accused of pocketing from the fraud over a year, the media outlet added.
It was only in July that Macau gaming operator Galaxy Entertainment acquired its 5-percent stake, for EUR40 million, in Monaco casino firm Société des Bains de Mer et du Cercle des Étrangers à Monaco, also known as SBM. The latter company operates four casinos in the principality, including Casino de Monte-Carlo, according to its corporate website.
In late August Galaxy Entertainment announced that Michael Mecca, its president, had become a director of SBM.
Mar 05, 2024
Jan 12, 2024
Apr 24, 2024
Apr 24, 2024
Apr 24, 2024
Gaming technology and content provider FBM has launched an online gaming platform in the Philippines, called FBM E-Motion. “FBM E-Motion promises to change the way local players interact with FBM...(Click here for more)
”[Las Vegas Sands] conservatively would like to reduce absolute debt levels at Sands China given debt raised during the pandemic”
Colin Mansfield and Connor Parks
Analysts at CBRE Capital Advisors