Alvin Chau, the former CEO of Suncity Group, was jailed for 18 years

January 20, 2023

The trial of Alvin Chau, the former chairman of the Suncity group, has ended. The Macau Magistrate's Court sentenced Chau, who was in charge of a Macau junket operator, to 18 years in prison. He was convicted on several charges. 


Chau is the founder of Suncity Group, a pioneer in bringing Chinese tourists to Macau for gambling. Since gambling in China is illegal, he used the opportunity to invite workers and players to Macau. 


Chau must pay a fine of 6.5 billion Hong Kong dollars, or about $831 million. The fine will be paid to the Macau authorities as a civil liability, and the reason for that type of pig is in lost revenue due to "under the table betting" in Suncity's VIP room. Five contractors were also paid: Wynn Macau, Galaxy Entertainment Group, MGM China, Sands China 007카지노 and SJM Resorts. A total of HK$2 billion, or US$250 billion, was distributed among the vendors. Wynn received 770 million HK dollars ($98 million), Galaxy received 550 million HK dollars ($70 million), MGM's share was 300 million HK dollars ($38 million), and Sands was worth HK $290 million ($37 million). and SJM's earnings are approximately HK$170 million (US$22 million). Official Decision: 


The hearing was held on Wednesday morning, about four months after the trial began. At the time of the trial, 21 people were involved. Judge Lou Ieng Ha said Chau was running the casino and said he had been "illegal gambling for illegal profit for a long time". 


Macau prosecutors arrested Chau and 10 other people on charges of racketeering, money laundering and involvement in illegal gambling. One of them 카지노사이트 주소 is awaiting trial in Coloane prison. The trial was started at the end of November 2021.


In early December 2021, shortly after Chau's arrest, the company announced it was suspending its travel services. At the same time, Chau resigned from his position.


The Suncity Group is a major player in the industry, holding prominent interests in various integrated leisure developments in major markets such as Vietnam, Russia and the Philippines. After the arrest, the Crown charged Chau with 229 counts of illegal gambling and 54 counts of grand larceny. There are also criminal charges, illegal gambling and money laundering. Questions are: 


The list of charges does not stop there: Chau also made about $ 21.5 billion MOP, or $ 2.67 billion in profit. The source of the money is based on the practice of "beating under the table". He also cheats the government and traders. 


The defense acknowledged the existence of illegal gambling in Macau but pointed out that there was no evidence of Chau's involvement, as well as the involvement of other SunCity executives and employees. Chau denied all the charges 안전한카지노사이트, saying, "I don't know why Suncity is treated as criminals. My colleagues have not seen a penny of the proceeds of crime so far... We have never paid any extra money for illegal activities.

No comments:

Theme images by rajareddychadive. Powered by Blogger.