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Macau casinos losing billions to illegal side betting

10 December 2007

MACAU -- As reported by South China Morning Post: "Casinos in the world's gambling capital Macau may have lost more than 2.5 billion US dollars a year to illegal side bets in their VIP rooms, a news report said Monday.

"The under-the-table wagers could be wiping out 50 per cent of the southern Chinese resort's casino revenue with around 13 billion US dollars lost in the last five years, the South China Morning Post reported.

"Side betting involves secret, parallel tax-free wagers between high-rolling gamblers and agents or VIP room operators, which are settled outside the casino after a gambling session..."

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