Cotai casino reportedly lost $207,087 due to fraudulent gaming chips

According to reports, a Cotai casino in Macau lost almost HKD1.62 million (US$207,087) as a consequence of a gaming chip fraud case that was reported to the police.

In order to give the legal house chips a higher face value than they really had, they were manipulated throughout the tournament. According to reports, the altered game chips—which seem to have a face value of HKD10,000 each—were used by a criminal group.

The Macau Judiciary Police apprehended five people from mainland China for alleged fraud and involvement in a criminal organization after the casino operator made this claim. The defendant denied any misconduct.

The legal gaming chips that the casino operator was selling for HKD100 each were allegedly changed by the criminal organization to give the impression that they were worth HKD10,000, according to the police.

The tampering process’s exact details were kept a secret, but every chip was discovered to have an inbuilt RFID security tag. The color similarities between the HKD10,000 and HKD100 face-value gaming chips were exploited by the alleged thieves.

It is said that four people played baccarat with the modified game chips and converted them into cash. The suspects were able to withdraw HKD1.22 million before the on-duty dealers realized their ploy, according to the security footage from the casino. When he tried to use a cage to trade three fake gaming chips for cash, another suspect was apprehended.

Thirty-three fake gaming chips were seized by the Judiciary Police at the Cotai casino. Law enforcement intervened in the Guangdong cities of Zhuhai and Zhongshan, detaining three additional members of the same criminal organization, on suspicion that they had accomplices on the mainland. But the investigation into the chip fraud case is still ongoing, and at least one suspect is still at large.

Original story by: GGRAsia