Online gambling platforms aimed at mainland Chinese gamblers reportedly helped disgraced junket king Alvin Chau earn a fortune of 8.7 billion yuan in just four years.
suncity group
After Alvin Chau was cleared of fraud (though not a raft of other crimes), Macao’s gaming operators are no longer entitled to more than 2 billion patacas in compensation.
Chau was given an 18-year prison sentence earlier this year after being convicted of scores of counts of fraud, criminal association and illicit gaming activities.
The defence and the prosecution have concluded their arguments in the case that involves 80 counts of fraud, illicit gambling, and money laundering.
Chau and five other defendants also found liable in compensation claims filed against the group by Macao government and five gaming operators.
Gamblers sidestepped gaming inspectors’ attempts to enforce law; former Suncity boss denies running illegal online betting in Macao. Case continues today.
Prosecutor alleges Chau caused Macao to lose HK$8.26 billion in tax revenue; 48-year-old former CEO points finger of blame at fellow defendant, Cheong Chi Kin.
11 defendants failed to attend today; Phillip Wong faces fine after claiming to be ill but not providing proof.
One time king of the high rollers faces string of charges including money laundering and illegal betting involving sums up to HK$800 billion.
