Macau Police Arrest Another Casino Kingpin in Latest Raid

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Gambling News

Macau Police Busts Illegal Gambling Scheme and Arrests 15 People

The Macau Daily Times reported that the arrested Macau residents of ages 29 to 66 years old were allegedly part of an illegal online gambling business operated on overseas servers. At a press conference that took place on January 12, the Macau Judiciary Police announced that it had acted together with the Guangdong Province police and together the…

Incidents ・ 15 January 2023

World Casino News

Macau police apprehends 27 people from illegal online gambling organization

On Wednesday, January 11, 2023, Macau's Judiciary Police apprehended 15 locals for supposed connections to an illegal online gambling organization that has reportedly amassed $3.69 billion in bets since 2017. Foreign coordinators: This illegal organization is presumably managed through Macau from computer servers abroad. However, apart from Macau,…

Incidents ・ 14 January 2023

European Gaming

Macau Gambling Boss Denies Illegal Gambling, Criminal Syndicate Allegations

A well-known Macau gambling boss in China's special administrative region of Macau denied charges including enabling illegal gaming, running a criminal syndicate and money laundering at the start of his trial on Monday. Alvin Chau was chairman of Macau's Suncity junket - which brokers the gambling activity of Chinese high rollers - until December…

Law ・ 22 September 2022

Vegas Slots Online

Macau Gambling Head Denies Laundering, Illegal Gaming

Alvin Chau, a well-known gambling executive in Macau, denied charges of illegal gaming, money laundering, and running a criminal syndicate during his trial on Monday. arrested on a warrant accusing him of illegal gambling on the Chinese mainland Chau served as the chairman of Macau's Suncity junket, which helps organize activities for Chinese high…

Covid ・ 19 September 2022

Wild Casino

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Gambling News

Sands China Embraces the End of the VIP Salons in Macau Casinos

Sands China is repurposing its VIP salons across its Macau properties The new change is a consequence of recent legislation that in practice eradicates junket rooms Sands China and Las Vegas Sands top executives welcome the new changes as they expect the redeployment of VIP rooms will bring more revenue Sands China has announced it is restructuring…

Covid ・ 21 July 2022

Yogonet

Las Vegas Union asks Macau Govt. for land transaction records involving Genting and Treasure Island failed casino project

The International Union of Operating Engineers, Local 501 - which represents over 2000 members working in Las Vegas casinos- submitted a public record request regarding the land transaction involving Genting Group and Ao Mio Leong to the Land and Urban Construction Bureau (DSSCU). According to corporate filings, Mio Leongis one of a four-person…

Politics ・ 04 June 2022

Asgam

China says 42,000 cross-border gambling cases detected in past three years

China's Ministry of Public Security (MPS) says it has made every effort to crack down on illegal cross-border gambling over the past three years, detecting 42000 cases of cross-border gambling between 1 January 2020 and 31 March 2022. Together with other economic crimes, a total of RMB190.5 billion (US$28.3 billion) in economic losses were…

Travel ・ 10 May 2022

Yogonet

US casino workers union calls for federal probe into Macau's junket SunCity's link with US casinos

The International Union of Operating Engineers Local 501, which represents over 2000 members working in Las Vegas casinos, on Tuesday called for a coordinated U.S. federal investigation into Macau's largest gambling junket operator SunCity Group and its historical relationships with U.S. gaming companies. In separate letters to the U.S. Justice…

Politics ・ 11 February 2022

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Macau Business

Las Vegas casino worker union calls for US federal investigation on gaming operators’ former ties with Suncity

A Las Vegas casino workers union has called for a coordinated US federal investigation into former junket operator Suncity and its former business ties with US-linked gaming companies. The public statement was issued by the International Union of Operating Engineers, Local 501, which represents over 2000 members, primarily construction workers who…

Land-based ・ 09 February 2022

Macau Business

Las Vegas Sands terminated agreements with three primary junket promoters in Dec, 2021

Las Vegas Sands, the parent group of local gaming concessionaire Sands China, has indicated in an annual report to have terminated agreements with its'three primary gaming promoters' in December 2021. The indication - included in the group's annual report for 2021 - comes at a time of increased regulatory oversight by authorities towards VIP gaming…

Travel ・ 07 February 2022

Market Watch

Shares of casino operator Macau Legend dive following arrest of CEO

Macau Legend Development's 1680, -19.30% share fell as much 30% after Macau media reports of the arrest of its chief executive officer over the weekend, on suspicion of money laundering and illegal gambling including the operation of online casinos. Police said the arrest of the hotel and casino operator's chief executive Chan Weng Lin was directly…

Industry ・ 31 January 2022

Macau Business

Police arrest two in illegal gambling crackdown, Tak Chun boss Levo Chan among detained

The Judiciary Police (PJ) announced today (Sunday) two people in the junket sector were arrested on Friday for alleged crimes of engaging in illegal gambling activities, running a crime syndicate and money laundering. The authorities did not identify the two suspects, only referring to them as two Macau male residents - one surnamed Chan and aged…

Law ・ 30 January 2022

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The Standard

Macau junket tally halves

Macau's gaming regulator yesterday said that the number of junkets or gaming promoters nearly halved over the past 12 months and Suncity (1383) is no longer on the list. The total number of licensed casino operators sank to a record low, to 46 this year from 85 in January 2021, the Gaming Inspection and Coordination Bureau said. Major operators on…

Law ・ 26 January 2022

High Stakes

80,000 Arrests as Chinese Gambling Crackdown Continues

More than 80000 arrests for cross-border gambling were made by the Chinese authorities last year, with over 2200 illegal online gambling platforms shut down in the latest crackdown. The arrests and closures were the result of 17000 separate cases investigated by China's Ministry of Public Security, which also resulted in 1600 illegal payment…

Incidents ・ 25 January 2022

ABC Australian Broadcasting Corporation

Macau used to be China's 'good kid', but as Beijing turns on its gambling industry, everything might change

Unlike Hong Kong, Macau has long been nicknamed "the good kid" by Beijing. It was a playground for high rollers from the mainland, who turned this semi-autonomous port city into the world's richest gambling hub. Macau lived under the same "one country, two systems" political model as Hong Kong, just 62 kilometres away, allowing it to also operate a…

Industry ・ 21 January 2022

Gambling News

Macau Confirms Closure of Suncity VIP Rooms in the City

Macau's gaming regulator has confirmed Wednesday night that all VIP gaming rooms operated by Suncity Group, a junket operator in Macau, have been closed. Alvin Chau, the now-former head of the junket operator, was arrested on Saturday for allegedly organizing illegal gambling, including online gambling, via the Philippines, China, and other…

Jobs ・ 03 December 2021

Asgam

Suncity’s Philippines subsidiary says Manila hotel-casino development unaffected by Alvin Chau arrest

Development of Suncity Group's US$1 billion Manila hotel and casino project will continue as planned despite the arrest of Suncity Chairman Alvin Chau this week, according to the group's Philippines subsidiary. In response to queries from the Philippine Stock Exchange, Suntrust Home Developers Inc, which is 51% owned by Suncity, said it "does not…

Incidents ・ 02 December 2021

New Jersey Online Gambling

Junket Operator's Arrest Drives Macau Casino Stocks Down

Macau casino stocks tanked this week after the arrest of 11 junket operators. Alvin Chau, Suncity Group Holdings' CEO, was among those detained. The region's casino stocks were already struggling due to new virus concerns, but the specter of more regulatory crackdowns pushed them lower still. During the'08-'09 financial crisis, Macau casino stocks…

Finance ・ 01 December 2021

Radio Free Asia

China arrests Macau casino chief in crackdown on cross-border gambling

Macau's Suncity casino operator has shut down its VIP rooms following the arrest of CEO Alvin Chau on suspicion of cross-border gambling and money-laundering, Reuters reported on Wednesday, as the ruling Chinese Communist Party (CCP) seeks to curb what it sees as a dangerous outflow of capital from mainland China. The move will slash the number of…

Incidents ・ 01 December 2021

Market Screener

Arrest of Macau's 'junket mogul' rattles the world's largest gambling hub

Alvin Chau, the CEO of gambling group Suncity Group Holdings Ltd, is the founder of the biggest of Macau's junket operators - outfits that bring in high rollers to play at casinos. He was arrested on Sunday by Macau authorities over alleged links to cross-border gambling. A warrant for his arrest has also been issued in China. Analysts say his…

Incidents ・ 01 December 2021

Reuters

Macau gambling group Suncity's shares plunge after CEO arrested

HONG KONG, Nov 30 (Reuters) - Shares of Macau gambling group Suncity Group Holdings Ltd (1383.HK) slumped 40% in resumed trade on Tuesday after its CEO was arrested over alleged links to cross-border gambling. The company said he intends to resign. Alvin Chau, also the founder of Macau's biggest junket operator which brings in high rollers to play…

Industry ・ 30 November 2021

Barron's

Macau Casino Stocks Tumbled Again. Crackdown Fears Are Back.

Shares in Macau's casino operators tumbled on Monday, after the chairman of junket operator Suncity Group was reportedly held by police amid allegations of illegal gambling and money laundering. Alvin Chau was one of 11 people held for questioning, Macau police said Sunday, after authorities in mainland China issued a warrant for his arrest, the…

Finance ・ 29 November 2021

CNBC

Macao arrests 11 people for illegal gambling and money laundering

Macao police said on Sunday they had arrested 11 people in an investigation into an illegal gambling and money-laundering syndicate, a day after businessman Alvin Chau, who organizes trips to Asian casinos for big spending gamblers, was questioned at a police station. The police said in a statement that people involved in the case acknowledged the…

Law ・ 05 December 2021

Aljazeera

Macau police arrest 11 for alleged illegal gambling

Arrests come a day after junket mogul Alvin Chau is questioned by police in the special administrative region. Macau police said they had arrested 11 people in an investigation into an illegal gambling and money-laundering syndicate, a day after businessman Alvin Chau, who organises trips to Asian casinos for big-spending gamblers, was questioned…

Law ・ 29 November 2021