L’Arc Casino Senior Employee Investigated over Alleged Embezzlement

L’Arc Casino Senior Employee Investigated over Alleged Embezzlement

Macau’s Judiciary Police confirmed on Tuesday that L’Arc Hotel and Casino situated on the Macau Peninsula had reported an alleged embezzlement of just a little lower than HK$100 million with a senior staff member at the gambling place.

L’Arc Casino started doors in ’09 and it is one of the fifteen satellite gambling venues operated under a service that is special with Macau-based casino concessionaire SJM Holdings Ltd.

Chan Cho Man, spokesman for Judiciary Police, said at a Tuesday briefing that the way it is had been reported by the satellite casino on Sunday and confirmed that the staff that is senior was indeed being examined 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 have now been arrested yet, but declined to name the senior employee.

Local news reported that the casino at L’Arc was among the list of continuing company passions of Angela Leong On Kei, a shareholder and Executive Director at gambling operator SJM Holdings. When expected in regards to the ongoing research, Ms. Leong told reporters that she wasn’t mixed up in location’s day-to-day operations. She additionally expressed hopes that the police would work in due way and would attain results that are quick.

The statement concerning the fraud research at the above-mentioned casino arrived many months after Macau-based junket operator Dore Entertainment Co. Read More

Nj-new Jersey Casino Expansion Deal Reached

Nj-new Jersey Casino Expansion Deal Reached

Nj-new Jersey legislators have actually eventually arrived at an understanding on a concern to be placed before voters regarding the November ballot concerning the expansion that is potential of state’s gambling industry outside Atlantic City.

The deal put a conclusion to continued debates that are heated what type associated with the two proposed legislations is presented to voters. A year ago, nj-new Jersey Senate President Steve Sweeney and Assembly Speaker Vincent Prieto introduced two separate but extremely bills that are similar the establishment of two casinos in North Jersey.

Really, the proposals differed in who should run the latest gambling venues and how much of the revenue they produce should go to Atlantic City in a bid to simply help it fight down competition that is in-state. Both facilities would have been managed by current Atlantic City gambling companies and half of their tax revenue would have gone to the once-popular gambling hub under Sen. Sweeney’s plan. Nonetheless, the operators could have been permitted to assist outside partners who might have owned up to 49per cent in the casinos that are new.

Under Assembly Speaker Prieto’s bill, just one regarding the new facilities should are run by the operator which had currently introduced its solutions in the state edge. Thus, major gambling organizations might have been offered the chance to enter the brand new Jersey market.

For months, top legislators have actually tried to reach an agreement on which one of this two plans ended up being better for Atlantic City and the state as a whole. Read More