Mystery of missing millions adds to Macau’s growing pains

Macau: It’s where billions are made. And where multimillions go mysteriously missing.

In a development that wouldn’t be out of place in Hollywood heist movie “Ocean’s Eleven,” a company that operates the high stakes rooms at Wynn Macau reported earlier this month it had been the victim of a multimillion dollar scam.

The company was a junket operator, which play the middleman between casinos and their big spending gamblers.

They vet and invite high rollers to play the VIP rooms at casinos and also lend players money – allowing them to circumvent restrictions on how much cash can be brought outside mainland China.

Local police handling the investigation estimated the missing money to be at least 270 million Macau patacas (about $34 million) but declined to give further details.

Feeding the scandal, the aggrieved company, Dore Holdings, took out an advertisement in a local newspaper naming and accusing a former employee of embezzlement.

03:01 - Source: CNN

Old and new collide in Singapore's national gallery

singapore national gallery spc one square meter_00001321.jpg

Now playing

03:01

Old and new collide in Singapore's national gallery

spc one square meter manila_00025315.jpg

Now playing

03:06

The city built on army tunnels

spc one square meter san francisco shipyards_00020012.jpg

Now playing

03:09

Properties ahoy! San Fran shipyard gets a makeover

spc one square meter rotterdam markthal_00011601.jpg

Now playing

03:08

Rotterdam's $200m food hall shaped like a tube

spc one square meter mucat muttrah_00002007.jpg

Now playing

03:08

Muscat's billion dollar makeover

Now playing

02:43

From navy yard to waterfront film studio

spc one square meter boulevard_00014606.jpg

Now playing

03:15

Introducing Jordan's answer to Dubai

spc one square meter turkey tarlabasi 360_00004212.jpg

Now playing

02:56

Istanbul's ambitious urban renewal plans

spc one square meter jockey club_00030119.jpg

Now playing

03:02

Futuristic building shakes up Hong Kong design

spc one square meter vienna _00013716.jpg

Now playing

02:33

Futuristic rail hub fuels growth

spc one square meter fantasy island_00015824.jpg

Now playing

02:53

Building world's largest eco park

spc one square meter tbilisi georgia_00001727.jpg

Now playing

02:59

Soviet compound gets high-end makeover

spc one square meter vineyard ocoa bay_00021319.jpg

Now playing

02:46

Is this the Napa Valley of the Caribbean?

spc one square meter singapore sports hub_00002608.jpg

Now playing

02:35

Stadium transforms Singapore's skyline

spc one square meter ankara bilkent health campus_00004118.jpg

Now playing

02:56

Building a hospital mega-complex

spc one square meter romania_00011122.jpg

Now playing

02:57

Step inside spooky 'Dracula's Castle'

spc one square meter japan hydroponic vegetable farms_00015703.jpg

Now playing

03:00

Old factories turned into vegetable farms

spc one square meter sao paulo_00001902.jpg

Now playing

02:51

Solving Brazil's slum problems

spc one square meter korea ecorium_00004322.jpg

Now playing

02:49

Inside S. Korea's biggest ecological park

spc one square meter munich siemens_00000923.jpg

Now playing

02:43

Siemens builds state of the art HQ

spc one square meter affordable housing brazil_00015007.jpg

Now playing

02:51

Can social housing eradicate slums?

spc one square meter yas mall_00005923.jpg

Now playing

02:41

Abu Dhabi unveils game-changing mall

spc one square meter mexico_00001705.jpg

Now playing

02:42

World's richest man creates own landmark

spc one square meter dusit thani kenya_00025509.jpg

Now playing

03:00

Top hotel chains want in on Africa

spc one square meter mega malls_00011511.jpg

Now playing

02:50

China's 'shop 'til you drop' mega malls

spc one square meter green mountain_00011811.jpg

Now playing

02:50

From military zone to tourist hotspot

spc one square meter dubai world expo_00010207.jpg

Now playing

02:45

Dubai cools booming property market

spc one square meter tehran empty homes_00005528.jpg

Now playing

02:39

Tehran's empty luxury homes

spc one square meter jakarta_00014721.jpg

Now playing

02:43

Cashing in on Jakarta's hot property market

spc osm hong kong warehouse clean_00001723.jpg

Now playing

02:44

A new look for industrial Hong Kong

spc osm mateo saldo pkg_00002212.jpg

Now playing

02:23

Pyramids of Peru key to economic growth

spc one square meter aqaba jordan_00003606.jpg

Now playing

02:44

Jordan's king backs new financial hub

spc one square meter australia ship containers_00020702.jpg

Now playing

02:29

Living in a shipping container

spc one square meter beijing senior living_00004609.jpg

Now playing

02:49

Building China's senior villages

spc one square meter leontievsky mys_00011717.jpg

Now playing

02:34

Russian mini city rewrites urban living

spc one square meter los angeles metropolis_00003513.jpg

Now playing

01:38

Metropolis redesigns L.A.'s skyline

spc one square meter seoul city korea_00010809.jpg

Now playing

02:33

Architectural spectacle transforms Seoul

spc one square meter famagusta cyprus_00000616.jpg

Now playing

02:45

From ghost town to eco-city

spc one sqaure meter los angeles_00005727.jpg

Now playing

02:42

Live, work and play in downtown Los Angeles

Now playing