Macau casino boss arrested for crackdown on cross-border gambling in China

Alvin Chau’s Suncity cuts gambling services to high-end mainland customers.

Macau casino operator Suncity has closed its VIP lounge after CEO Alvin Chau was arrested on cross-border gambling 007카지노 and money laundering charges, Reuters reported.

The move will cut Chau’s Suncity Group’s Macau-based staff by a third, according to the agency, citing two sources familiar with the situation.

The report comes after Chow was arrested on Sunday, amid an ongoing crackdown on illegal gambling in mainland China and a massive influx of Chinese money into Macau and other gaming centers. ) is considered a national security risk.

Chau and 10 others are under investigation for using Macau as a base to operate an online betting platform used by customers in mainland China.

Authorities in the eastern city of Wenzhou also issued an arrest warrant for Chau in connection with Operation Suncity junket, which the CCP-backed media condemned as a threat to public order. The Wenzhou Police Department said via its official social media account that the union led by Chau operates a network of 199 shareholder representatives, more than 12,000 representatives and more than 80,000 player members, according to 2020 figures. 퍼스트카지노

A businessman from a city in Zhejiang county that administers Wenzhou said organizing a gambling trip to Macau is a popular business plan in the region.

“In my county city in Zhejiang province where I live, some entrepreneurs said they send 30 billion to 50 billion yuan a year to Macau to fund their game,” he said.

He said many junket operators and online gambling platforms use shell companies to conceal the true nature of their business. 카지노사이트 추천

“These companies have people playing other people, but the outside world calls them PR companies,” he said. The crackdown came after the Standing Committee of the National People’s Congress (NPC) passed an amendment to the Cross-Border Gambling Prohibition Act on March 1, 2021.

The number of people arrested for illegal gambling told reporters on November 29 that the number of people arrested for illegal gambling had increased by 14% from January to September this year compared to the same period last year, People’s Advocate’s spokesman Miao Shengming told reporters November 29.

In 2019, Suncity was accused by the Economic Information newspaper, run by the state-run Xinhua news agency, of engaging in an online gambling business worth more than 1 trillion yuan ($ 155 billion).

Suncity runs a casino, but the real estate is owned by a licensed casino operator. Reuters reported that Macau once had 17 VIP gaming halls, accounting for about half of Macau’s VIP gaming market.

The Suncity group said Chau plans to step down, although he was not available for comment at the time of writing.

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