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Macau is taking a challenging appear at how to wean itself off its heavy reliance on gambling. The Gaming Control Board’s enforcement chief, Jerry Markling, wouldn’t elaborate on the scam, but mentioned an investigation of an Asian baccarat cheating ring is beneath way. Asian regulators and casinos, which typically share data with casino authorities in the United States, are assisting in the investigation, he said. The scam is believed to be the handiwork of an Asian group referred to as the "cutters" that has ripped off casinos worldwide for tens of millions of dollars, Zender stated. Perfected in Asia, the group is testing the scheme on casinos in the United States, he said. Employing a miniature camera tucked below the gambler’s sleeve, the player records the value and suit of each and every card and uses the information and facts later. Chinese VIPs have apparently figured out how to beat the home odds at casinos. As somebody who covers gaming stocks closely, that could sound a bit snarky but seriously…if you follow the Macau gaming stocks, you would conclude that VIP’s have figured it out.

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