Posted on: January 23, 2024, 04:31h.
Last updated on: January 23, 2024, 04:57h.
An unnamed Macau casino has taken an approximate US$200K hit after scammers were able to tamper with gaming chips to alter their denominations.
Macau’s Judiciary Police (PJ) said Tuesday the scheme involved the modification of regular house HKD100 (US$13) chips so that they appeared to have a face value of HKD10,000 ($1,300) each. Investigators seized a total of 33 doctored chips and arrested five suspects, all mainland Chinese.
Three others fled to the mainland, where they were arrested. At least one suspect remains at large, police said.
PJ spokesperson Lei Hon Nei didn’t detail the precise nature of the modifications, other than that the group exploited the similarity of color between the HKD100 and HKD10,000 chips.
Scheme Unravels
Lei said the chips were embedded with RFID (radio-frequency identification) tags that make them harder to counterfeit. These tags emit signals that can be detected by RFID-reading equipment stationed at gaming tables and the casino cage.
The scammers likely realized the deception wouldn’t go undiscovered for long, so their plan would have been to convert the chips into cash as quickly as possible and get out of the venue before they were noticed.
Some of the chips were used by four of the suspects at baccarat tables, before being cashed out at around 10:30 p.m., police said. The scam was uncovered when an eagle-eyed dealer who was handling a pile of HKD10,000 chips noticed some of them looked slightly different.
Another suspect was arrested when he tried to exchange three doctored chips for cash at the casino cage, police said.
Fake Chip Flood
Cases of fraudulent casino chips have been on the rise in recent years, as it has become easier to buy realistic fakes online, often via the dark web.
In August last year, Macau authorities arrested two Chinese nationals on suspicion of flooding the Galaxy Macau with fakes. At least 493 counterfeit chips were circulated in the casino in a two-hour gambling spree, each with a value of HK$10,000.
That’s more than the total number of fake chips seized across the whole of Macau’s casino sector in 2019, the last year wholly unaffected by the pandemic.
Within that two-hour window, suspects engaged in numerous bets and made chip exchanges with 10 unsuspecting gamblers on the casino floor.
It’s believed the scam cost the casino at least HK$5.6 million (US$700K).
