Wynn Macau has been named a defendant in the Macau Court of First Instance by individuals who claim to be investors in or person with credit in accounts maintained by junket operator Dore Entertainment Company Limited.
In an interim results filing for 16H1, Wynn Macau said the lawsuits are in connection with the alleged theft perpetrated by a former employee of Dore, with plaintiffs alleging that Dore failed to honor withdrawal of funds requests that resulted in losses for these individuals.
“The principal allegations common to the lawsuits are that WRM, as a gaming concessionaire, should be held responsible for Dore’s conduct on the basis that WRM is responsible for the supervision of Dore’s activities at Wynn Macau that resulted in the purported losses,” said Wynn Macau in its filing.
“The Company intends to vigorously defend WRM in the lawsuits. The lawsuits are only in the early phases of litigation,” it added.
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