Galaxy Macau Reports $77,000 Loss In Chip Frauds

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July 28th, 2017
Back Galaxy Macau Reports $77,000 Loss In Chip Frauds

Galaxy Macau has suffered a big blow during the month of July, as it is estimated that nearly $77,000 was lost due to various gambling chip-related cons and hoaxes, with a minimum of seven recurring instances reported since July 19th. Namely, this is in relation to allegations that certain amounts of counterfeit chips are in circulation and consequent arrests have been made.

Images leaked this past Monday, showed fake chips carrying the name of Galaxy Macau Casino. Soon after, two men were arrested after being charged for using these counterfeit chips, but they countered the charges by saying they were given the chips by a baccarat dealer in Macau. Within just a few hours, they exchanged the fake chips for a total amount of 350,000 Hong Kong dollars. This was the third gambling fraud-related arrest made by the Macau authorities in the last few weeks, and each time the perpetrators have hailed from mainland China. The violations committed in previous cases included operating an illegal gambling room and charging high interest rates to gamblers.

Galaxy Macau is part of the Galaxy Entertainment Group casino operator who has reported these incidents to the police, claiming their total loss in less than two weeks was around 600,000 Hong Kong dollars, which amounts to around 77,000 USD.

Source:

“Galaxy Macau loses $77k in chip scams: report”, calvinayre.com, Solana Jasmine, July 25, 2017.

“the third gambling fraud-related arrest made by the Macau authorities”

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