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

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