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Macau Rocked By $258 Million Casino Heist

https://commons.wikimedia.org/wiki/File:Casino_Lights_In_Macau.jpg Via Wikipedia

So a gang of sophisticated thieves came up with a clever plan to rob a luxury casino of hundreds of millions of dollars. No, this is not the next George Clooney/Brad Pitt movie that features all their Hollywood friends. This actually happened on the other side of the world.

Macau, the city known for being the “Las Vegas of China”, is reeling today after reports that $258 million was stolen from a junket operating inside of Wynn Macau, a mega-casino owned by Steve Wynn, who also has two properties in Vegas.

From a Yahoo! report:

In Macau, junkets operate as third parties within casinos, bringing in cash that high rollers — the VIPs who bet big at the casino — use to leverage their bets.

It is suspected that employees of Dore Holdings, the junket working inside the casino, made off with the cash.

According to a spokesman for Wynn Resorts, the casino didn’t actually lose any money. Even if that is true, the company’s stock dropped almost 10% in the wake of the heist. High rollers, who make up roughly half of the Macau gambling economy, are becoming increasingly worried about the safety of their money and are staying away. There was a $1.3 billion heist of similar nature in April 2014, leading to investors withdrawing their money.

There is no word on the whereabouts of Clooney and Pitt when the money was taken, but we’re going to assume it probably wasn’t them.

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