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Macau's house of cards topples as investors lose big on junkets

An attendant demonstrates an online baccarat game on a smartphone at the Global Gaming Expo Asia in MacauBy Farah Master MACAU (Reuters) - The theft of millions of dollars from investors in a Macau junket operator has sparked months of protests and hastened the demise of a business model that greased the wheels of the $44 billion global gambling hub for over a decade. Brandishing banners and loudspeakers, dozens of investors have protested outside Wynn Macau Ltd's casino for two months, demanding the return of money stolen by an employee of junket operator Dore Entertainment Co Ltd and accusing Dore's head of dodging responsibility. "We do see stabilisation in mass, unlike in VIP where it continues to drop like a rock," Nomura analyst Richard Huang said in Hong Kong.




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