Macau's house of cards topples as investors lose big on junkets
It has sped up the shift away from VIP gamblers to the mass-market segment of less wealthy tourists
Add BT as a preferred sourceMacau
THE theft of millions of dollars from investors in a Macau junket operator has sparked months of protests and hastened the demise of a business model that greased the wheels of the US$44 billion global gambling hub for over a decade.
Brandishing banners and loudspeakers, dozens of investors have protested outside Wynn Macau Ltd's casino for two months, demanding the return of money stolen by an employee of junket operator Dore Entertainment Co Ltd and accusing Dore's head of dodging responsibility.
TRENDING NOW
Xi Jinping has just rewritten the rules of US-China rivalry
High Court raps UOB over inconsistent legal positions on late mortgage payment charges
‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next
China’s Huawei reveals chip design breakthrough amid US sanctions
