Macau’s best gambling boss Alvin Chau was sentenced to 18 years in prison from the illegal union.

#alvinchau #suncity #jail #junkets
https://gotopnews.com/post/1434046
Macau’s founder of the largest Casino Junket Organizer once was sentenced to 18 years in prison after he was convicted of conducting illegal play activities, conducting a niaganis organization and many other charges. Lock Points: Prosecutors accused Alvin Chau conducting a union that caused a loss of tax revenue approximately $ 1.4 billion to the government Prosecutors accused Alvin Chau the government conducting a union that caused a loss tax revenue approximately $ 1.4 billion. The billionaire made great investments in Australian casinos until a travel visa to Australia in 2019 was rejected. Alvin Chau, former president of Suncity Group, was arrested in November 2021 with an order based on his charges of an illegal cross -border Gambling Union with others. Macau was the only place where casinos in China were legal and dependent operators, such as Suncity, were an important part of the game industry. They helped to facilitate gambling for high cylinders other than the old Portuguese colony, including travel services and extending credit for them. Macau prosecutors Chau and some common defendants accused the city government carrying out a union that caused the loss of tax revenue approximately $ 1 billion between 2013 and 2021. It was claimed that they have made illegitimate profits through the enterprise of side targeting activities. Chau has faced about 290 charges in one of the largest niaganis cases of the gambling center. The billionaire previously made major investments in Australian casinos, and in 2019, due to allegations of laundering money laundering until the travel visa to Australia was rejected. Chau is known as the King Junket by providing VIP room services in all casinos for the high cylinders of Macau, many which are government officials. Investment consultancy Goldman Sachs report, in 2013, about 70 percent of Macau’s gambling revenues came from VIP Room Services. Alvin Chau was detained in November 2021 by the police in Macau. While delivering the decision, Chau’s defense lawyer tried to prove that Chau did not participate in the side -range activities, but such operations decided that it would not be possible without Chau’s approval. But the money laundering was acquitted by Chau. The Court ordered Chau and some joint defendants to pay $ 6.5 billion and compensate for various casino operators financially. The Junket sector fell when Suncity closed the VIP rooms after Chau’s arrest. In January last year, Macau police arrested Levo Chan, a former boss of the leading Junket business for illegal gambling operations. China has been rising for a tourism and casino healing after alleviating Covid-19 restrictions in recent weeks. In 2022, gambling income increased to $ 7.5 billion compared to the previous year.