Ayecarumba
Ayecarumba
Joined: Nov 17, 2009
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September 14th, 2015 at 1:01:10 PM permalink
A junket operator within the Wynn Macau was reportedly robbed of $258 million dollars. Apparently, it may have been an inside job by employees of Dore Holdings.

I don't think one could physically carry that many Patacas away in a wheelbarrow, so how does one make that much money "disappear"?
America is all about speed. Hot, nasty, bad-ass speed. - Eleanor Roosevelt, 1936
Dieter
Dieter
Joined: Jul 23, 2014
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September 14th, 2015 at 4:34:50 PM permalink
Quote: Ayecarumba

how does one make that much money "disappear"?



Reminds me of the Johnny Cash song One Piece at a Time
May the cards fall in your favor.
andysif
andysif
Joined: Aug 8, 2011
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September 14th, 2015 at 6:00:57 PM permalink
Players and sub-junkets deposit money with Dore. But Wynn denies ever seeing the money. The employee probably wire the money to some shadow bank or mafia and took off. And what do you know, probably Dore deals with them everyday as well.
ProTipster
ProTipster
Joined: Nov 10, 2015
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November 10th, 2015 at 1:33:34 AM permalink
Sounds about right - especially the bit about shadow banking. In my journalist career I covered a money laundering trial in Hong Kong concerning junkets in Macau and you'd be amazed at how easy it is/was to get money out of Macau into China.
beachbumbabs
Administrator
beachbumbabs
Joined: May 21, 2013
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November 10th, 2015 at 6:58:45 AM permalink
Quote: ProTipster

Sounds about right - especially the bit about shadow banking. In my journalist career I covered a money laundering trial in Hong Kong concerning junkets in Macau and you'd be amazed at how easy it is/was to get money out of Macau into China.



ProTipster,

Welcome to the forum! I'm sure, if you have information and insights about how these things work in Macau, we'd like to hear more about it and be able to ask questions. Please feel free to elaborate here or start a thread of your own.
"If the house lost every hand, they wouldn't deal the game."
AxelWolf
AxelWolf
Joined: Oct 10, 2012
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November 10th, 2015 at 5:05:47 PM permalink
Quote: beachbumbabs

ProTipster,

Welcome to the forum! I'm sure, if you have information and insights about how these things work in Macau, we'd like to hear more about it and be able to ask questions. Please feel free to elaborate here or start a thread of your own.

Why is he red?
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
andysif
andysif
Joined: Aug 8, 2011
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November 10th, 2015 at 5:39:25 PM permalink
Quote: ProTipster

Sounds about right - especially the bit about shadow banking. In my journalist career I covered a money laundering trial in Hong Kong concerning junkets in Macau and you'd be amazed at how easy it is/was to get money out of Macau into China.



but who wants to get money INTO China? there is no restriction sending money in. the difficult part is how to get money OUT.
Kentry
Kentry
Joined: Oct 14, 2015
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November 10th, 2015 at 5:42:16 PM permalink
My thought exactly. Why is the guy in red? Even Beach welcomed him with open arms, so he can't be a previously banned member.
beachbumbabs
Administrator
beachbumbabs
Joined: May 21, 2013
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November 10th, 2015 at 6:21:50 PM permalink
Quote: AxelWolf

Why is he red?



I don't know. Might be something happened via PM's, but I have no info so am not going to speculate.
"If the house lost every hand, they wouldn't deal the game."
SOOPOO
SOOPOO
Joined: Aug 8, 2010
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November 10th, 2015 at 6:30:32 PM permalink
Quote: beachbumbabs

I don't know. Might be something happened via PM's, but I have no info so am not going to speculate.



Protipster started a blog. I am guessing there was something untoward in it and one of the other mods nuked him.

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