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Wynn Macau Investors Targeted by Online Casino Scammers

An online casino scam has been used to dupe unsuspecting investors into making investments in an online gaming business. And Wynn Resorts is in the middle of this scam. The online scam lured over 200 victims and took $8 million from investors. According to a statement released by Wynn Macau, the Macau Gaming Inspection and Coordination Bureau has been alerted of the issue. The company has further cautioned the public to be wary of any website that claims to have any affiliation with the Wynn brand.

The company explained that it does not communicate in any gaming sites or online investment with investors. Wynn did not provide detailed information regarding the location of the investors. Gambling can only take place at a land-based casino.

Wynn Macau Casino Scammers

Online Gambling Controversy

There has been a lot of controversy surrounding online gambling in China. Philippine Offshore Gaming Operators (POGOs) are accused of setting up gambling hubs. The illegal hubs primarily target players in China. The operators have, in the past, offered Chinese nationals good pay in return for working in the online casino businesses.

The president of the Philippines, Rodrigo Duterte, met with President Xi Jinping of China in October 2019 to discussed the illegal online gambling sites. The conclusion was that the POGOs would continue to operate as they benefit the interest of my country.

Online Casino Scam no Stranger to China

GGRAsia reveals that criminals in and around China have previously attempted to make illegal use of Macau casino operators. Macau only permits Parimutuel Sports betting and horse wagering. The Macau Jockey Club is an example of a website that offers online wagering in Macau. Macau only allows limited amounts of online gambling.

Macau is home to several other licensed casino operators. Besides Wynn Macau, other big names include Galaxy Entertainment, SJM Holdings, MGM Resorts, Las Vegas Sands as well as Melco Resorts.

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