• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Chip scam at part-owned GEG casino lasted year: report

Dec 23, 2015 Newsdesk Latest News, Top of the deck, World  


Chip scam at part-owned GEG casino lasted year: report

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.


  • tweet
Related articles
  • Macau VIP challenged by changes in China: Galaxy Ent boss
    Macau VIP challenged by changes in...

    Feb 25, 2021  

  • Galaxy so far not asked Macau for tax break: Francis Lui
    Galaxy so far not asked Macau for tax...

    Feb 27, 2020  

More news
  • Aristocrat to launch EGM-based responsible gaming features
    Aristocrat to launch EGM-based...

    Feb 26, 2021  

  • Suncity to open clubs at Londoner Macao, Lisboa Palace
    Suncity to open clubs at Londoner...

    Feb 26, 2021  


Latest News

Aristocrat to launch EGM-based responsible gaming features

Aristocrat to launch EGM-based responsible gaming features

Feb 26, 2021  

Casino slot machine maker and digital games provider Aristocrat Leisure Ltd says it plans to launch in the first quarter this year a new product with responsible gaming features, which has already...
Read More
Suncity to open clubs at Londoner Macao, Lisboa Palace

Suncity to open clubs at Londoner Macao, Lisboa Palace

Feb 26, 2021  

Tech supplier Crane ups forecast for 2021 core sales

Tech supplier Crane ups forecast for 2021 core sales

Feb 26, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day


US$53.4 million

Adjusted EBITDA reported by Asian casino operator Melco Resorts and Entertainment for the fourth quarter of 2020



Most Popular

  • Macau casino GGR soared in final days of CNY: brokeragesMacau casino GGR soared in final days of CNY: brokerages February 23, 2021
  • Pansy Ho sells off more stock in MGM Resorts for US$36mlnPansy Ho sells off more stock in MGM Resorts for US$36mln February 23, 2021
  • Macau removes last mainland cities from its quarantine listMacau removes last mainland cities from its quarantine list February 23, 2021
  • GEG in US$1.6bln construction deal on Galaxy Macau Phase 4GEG in US$1.6bln construction deal on Galaxy Macau Phase 4 February 22, 2021
  • Macau VIP challenged by changes in China: Galaxy Ent bossMacau VIP challenged by changes in China: Galaxy Ent boss February 25, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us