Junket Operator In The Philippines Accused Of Trying To Cheat Casino Out Of $30 MillionBusinessman Allegedly Never Paid For Chips |
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A person who worked as a middleman to help high rollers get the funds they wanted to gamble with has been accused of trying to steal $30 million worth of gambling chips from Solaire Resort and Casino in Manila, according to The Strait Times.
Dominic Sim, 37, allegedly received $8 million in chips from the casino in 2014, $3 million of which have been recovered. Sim partnered with the casino in 2013, the same year it opened.
Sim allegedly used a fraudulent transfer to receive the gambling chips, but never actually sent the money for the chips, according to the report.
Sim, the chief executive of an Singapore-based investment group, was given time to return the money, but the casino eventually filed a police report.
“We did not report the matter to the police immediately as he said he would return the money, and we wanted to give him a chance,” a representative from the casino said.
Sim was arrested in April and is currently out on bail but can’t leave the Philippines.
Scrutiny directed toward junket operators in Macau by mainland China is believed to be the main reason why that gambling hub has seen gaming revenue fall for 12 straight months.
Earlier this year, a second casino opened in Manila, as the country hopes to be the next gambling mecca in the region. The idea is to attract high rollers from China.
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