L’Arc Casino Senior Staff Member 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 so-called embezzlement of just a little lower than HK$100 million by a senior employee at the gambling venue.

L’Arc Casino exposed doors in 2009 and it is one of the fifteen satellite gambling venues operated under a unique solution agreement with Macau-based casino concessionaire SJM Holdings Ltd.

Chan Cho guy, spokesman for Judiciary Police, stated at a Tuesday briefing that the scenario was reported by the satellite casino on Sunday and confirmed that the senior staff member was indeed being examined for presumably embezzling the amount of HK$99.7 million (US$12.9 million) from L’Arc Casino.

The spokesman further noted that no suspects have been arrested yet, but declined to mention the staff member that is senior.

Local news stated that the casino at L’Arc had been among the list of business passions of Angela Leong On Kei, a shareholder and Executive Director at gambling operator SJM Holdings. When expected in regards to the ongoing investigation, Ms. Leong told reporters that she had not been involved in the location’s day-to-day operations. She additionally expressed hopes that the police would act in due manner and would achieve results that are quick.

The announcement about the fraudulence research at the above-mentioned casino arrived almost a year after Macau-based junket operator Dore Entertainment Co. Read more