HomeAsiaPolice arrest Macao's No 2 junket boss in crackdown: Reports

Police arrest Macao’s No 2 junket boss in crackdown: Reports

HONG KONG: Police in Macau, the world’s greatest playing hub, stated on Sunday (Jan 30) they’d arrested two males for alleged unlawful playing and cash laundering, as authorities step up a crackdown on illicit capital outflows from the Chinese mainland.

“One of the men involved was responsible for operating an illegal gambling syndicate while the other offered assistance,” the police stated in an announcement on their official Wechat account, with out naming both man.

Local media stated one was Levo Chan, chairman of Tak Chun Group, Macau’s second-biggest junket operator. Tak Chun didn’t instantly reply to a request for remark. Reuters was unable to succeed in Chan individually.

(*2*) stated the arrests herald a brand new period of zero tolerance for the promotion of playing in China, the place all types of playing are unlawful, and officers search to chop off outflows of funds.

Junket operators have historically supplied straightforward credit score for mainland Chinese excessive rollers who play in Beijing-ruled Macau’s casinos and gather on their money owed utilizing underground financing channels, executives say.

The arrests introduced on Sunday come two months after Macau authorities arrested the high-profile head of Suncity junket, Alvin Chau.

Now practically nonexistent, the opaque VIP business made up greater than two-thirds of Macau’s playing income till just some years in the past, in keeping with official knowledge.

Industry publication GGR Asia cited a Sunday police briefing that recognized these arrested as a 49-year-old surnamed Chan and a 34-year-old surnamed Choi.

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