Prosecutors charged him with 289 counts of fraud, money laundering and illegal gambling – crimes that could land him in jail for decades. Read more at straitstimes.com.
MACAU - Macau’s former “junket king” Alvin Chau was found guilty of running an illegal gambling empire on Wednesday, ending a criminal trial that shocked the casino hub and toppled one of its highest-profile gaming tycoons.
At its peak during the 2010s, junkets contributed the bulk of gaming revenue for the former Portuguese colony, which boasted a pre-pandemic casino industry bigger than Las Vegas. Judge Lou Ieng Ha on Wednesday found Chau guilty of fraud, running a criminal syndicate and operating illegal bets, but acquitted him on the money laundering charge.
The trial, which began in September, centred on alleged under-the-table bets worth HK$824 billion over eight years, which defrauded Macau of tax revenue exceeding HK$1 billion.
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