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Police Sting Uncovers $5.6billion Crypto Laundering Chinese Gambling Ring

93 people were arrested in a 100-day sting operation aimed at money laundering. The gang was involved in illegal gambling and money-laundering. They laundered more than $5.6billion. Authorities seized $41.8 million and more. than 100 electronic gadgets. The Chinese authorities have been cracking down on money launderers and gambling since 2017. Last year 259 cases of money moneyaundering were uncovered. There were 80,000 gambling-related arrests and 2200 illegal online gambling platforms shut down.
Incidents
Police Sting Uncovers $5.6billion Crypto Laundering Chinese Gambling Ring
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Asia round-up: Chau trial nears conclusion; The Star in court and Macau’s testing order

Asia Casino News Asia Casino News 8 days
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The defendants, including former chairman and CEO Alvin Chau, are charged with illegal gambling, criminal association, #fraud, and #moneylaundering. READ MORE HERE:

Asia Casino News Asia Casino News 15 days
@AsiaCasinoNews1

Macau police also received evidence collected by the Wenzhou authorities, which was used to build the Macau case against Mr Chau and his alleged associates. READ MORE HERE:

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Chinese Gambling Ring That Laundered $5.6bn Unearthed

Chinese authorities have taken down a criminal syndicate in Hunan province. 93 people were arrested and the authorities froze different accounts holding a total of $41.4m. The authorities recovered $1.1m from scam victims. In Shanghai, over 800 people have been arrested for illegal online gambling since the start of the year. China’s travel restrictions have delayed recovery in the Southeast Asian market.
Crypto
Chinese Gambling Ring That Laundered $5.6bn Unearthed
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Macau Gambling Boss Denies Illegal Gambling, Criminal Syndicate Allegations

Alvin Chau was chairman of Macau's Suncity junket until December 2021. He was arrested on a warrant from Wenzhou a month ago. SunCity was a major player in Macao until 2019. The junkets are middlemen who help facilitate gambling for wealthy Chinese in the former Portuguese colony. Maca casinos generated $36 billion in revenue in 2013.
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Macau Gambling Boss Denies Illegal Gambling, Criminal Syndicate Allegations
Asgam

Suncity executive Cheung Yat Ping denies involvement in online gambling as text records highlight discussions around Philippines proxy betting

Cheung Yat Ping is a senior executive of Macau junket operator Suncity Group. He denies involvement in online gambling. Text messages of past conversations alluding to the operation of proxy betting in the Philippines were shown in evidence. Cheung has been charged with illegal gambling and criminal association. He also claims he had savings of over $250,000 after working for more than 40 years.
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Suncity executive Cheung Yat Ping denies involvement in online gambling as text records highlight discussions around Philippines proxy betting
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Macau Gambling Head Denies Laundering, Illegal Gaming

Alvin Chau is a well-known gambling executive in Macau. He was arrested on a warrant accusing him of illegal gambling on the Chinese mainland. Chau was removed from his position as the chairman of Suncity junket in December 2021.
Covid
Macau Gambling Head Denies Laundering, Illegal Gaming
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The Saturday Paper

Casino within a casino: Star’s extraordinary breaches

The Star casino in Sydney lied to the inquiry into its licence. The Star was found unsuitable on Tuesday. The lie followed three inquiries and royal commissions into Crown Resorts. It followed allegations regarding money laundering and criminal influence at TheStar. They were aired on 60 Minutes. This was the day the Finkelstein royal commission into the Crown Melbourne delivered its report. There is a deep stream of misconduct and breathtaking negligence to wade through. In the case of Thestar, the lie was most revealing.
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Casino within a casino: Star’s extraordinary breaches
EJINSIGHT

Who wants to bid for Macao casino licences? EJINSIGHT

The Macao SAR government has set a deadline of September 14 for gambling operators to submit bids for new licences. The current licences of the six current operators expire at the end of December. Without a new contract, they will be banned from operating the casinos. In 2021, gambling revenue in Macau fell to US$10.8 billion from US $36 billion in 2019. Beijing's policy of 'Zero-Covid' has restricted the arrival of visitors to Maca. The law passed by the National People's Congress created a crime against cross-border casinos found organising or soliciting Chinese citizens to gamble.
Covid
Who wants to bid for Macao casino licences? EJINSIGHT
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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, has sent a public record request to the Land and Urban Construction Bureau. The union is investigating the land transaction involving Genting Group and Ao Mio Leong. According to corporate filings, Mios is one of four director group for local real estate firm Easyway Investment Company Limited, which according to union, is linked to triads. In 2007, Gentings Hong Kong and GentING International acquired a 75% interest in a Macau-based entity called Treasure Island Entertainment Complex Limited. Treasure island owned a parcel of land on the Macao peninsula situated along Praca Ferreira do Amaral. Gentinh intended to develop a hotel on this land and enter into an agreement with SJM to operate a casino there.
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Las Vegas Union asks Macau Govt. for land transaction records involving Genting and Treasure Island failed casino project
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Asia Times

Policy changes make Macau’s casinos a risky bet

Macau's Court of Final Appeal ruled that operators and junkets organizers were jointly liable for client deposits in nine cases filed by VIP gamblers. Macau’s gaming revenue in April fell 68% year-on-year to 2.67 billion Macanese pataca ($124 million), the lowest in 18 months. Beijing”s National Immigration Administration“s latest move to discourage mainlanders from traveling and spending money overseas.
Covid
Policy changes make Macau’s casinos a risky bet
AGB - Asia Gaming Brief

ARF finds 61% of online gambling sites illegal, with junkets fuelling growth

ARF report finds 61% of online betting sites are effectively operating illegally. Less than 40% are licensed and regulated. Online gambling is booming in Asia, where junkets are playing an increasing role. The report examined 262 of the most popular websites with global monthly visits of more than one million over the two-year period from 2019 to 2021. It also took a random sample of 93 websites and 179 from a list of websites that were likely to be illegal.
Gambling Sites
ARF finds 61% of online gambling sites illegal, with junkets fuelling growth
Asgam

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

China's Ministry of Public Security says it has made every effort to crack down on illegal cross-border gambling. It has eliminated 6,066 online gambling platforms and solved 240,000 cases of economic crime. Special organizations targeting cross border gambling aimed to “annihilate” underground money markets. China has also made no secret of its efforts to fight crossborder casinos.
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China says 42,000 cross-border gambling cases detected in past three years
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Financial Review

Star, Crown inquiries: How Australia’s casino industry became so rotten

Star set up a secret gambling room for criminal gang-linked junket operator Suncity and hid Sun City’s illegal cash cage from the NSW casino regulator. Crown sold the Chinese billionaire Huang Xiangmo $1.7 billion worth of chips over five years until 2018. Martin incorrectly claimed legal privilege to refuse requests from financial crime watchdog AUSTRAC to provide a copy of a bombshell report on money laundering through its Sydney casino.
Industry
Star, Crown inquiries: How Australia’s casino industry became so rotten
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Why Are Macau Casinos Struggling in Pandemic Recovery?

Macau casinos generated MOP$3.67bn ($459m) last month, down 86% from March 2019. Nevada recorded $1.1bn in gaming revenue in February, the 12th consecutive month that Nevada casinos generate more than $1000m. Las Vegas Strip revenue is up 10% over pre-pandemic levels in 2019, up from $800m in 2013.
Covid
Why Are Macau Casinos Struggling in Pandemic Recovery?
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The Star Sydney Casino CCTV Footage Raises Concerns

The Star Sydney Casino CCTV footage from 2018 raises concerns about money laundering at the property. The junket operator SunCity was running its own private gaming salon at The Star, despite suspicions that it was laundering money. The casino's due diligence group manager Angus Buchanan had suspicions previously about the money launderers at this casino.
Sports
The Star Sydney Casino CCTV Footage Raises Concerns
Casino Guru

Macau casino licensees obligated to disclose “major financial move” data

Macau's Second Standing Committee of Legislative Assembly discussed changes to the existing gaming law on Tuesday. New rule requires casino licensees to make sure that they disclose any major financial decision they make to government. Chief executive would need to be informed about any significant financial moves beforehand or face financial penalties. The penalties range from MOP 2 million to Mop 5 million. The most severe measure is the revocation of the concessionaire license. Most gaming operators in the region are aware of stricter regulatory protocols. Macau saw a 50% drop in junket operators year-over-year following the arrest of Weng Lin Chan and Alvin Chau.
Law
Macau casino licensees obligated to disclose “major financial move” data
World Casino News

Macau casinos pay MOP$33.91 billion in taxes for 2021

The Financial Services Bureau in Macau has announced the tax payments from the gaming industry for 2021. Last year, a total of MOP$33.91 billion ($4.22 billion) was paid by operators. This is an increase of 13.8% when compared to the Mop$29.81 billion paid in 2020.
Finance
Macau casinos pay MOP$33.91 billion in taxes for 2021
VOA

Why Asian Gaming Hub Macao Is Getting Tougher on its Big Casinos

Macao is getting tougher on its casino scene as part of an effort to control crime and capital outflows. Draft gaming bill pending in the Macao Legislative Assembly would stop casino operators from issuing junket licenses and share revenue with any gambler-to-casino intermediaries. It would limit the number of newly licensed casinos to six, with terms of 10 years, half the current time. Mainland Chinese tourists, the top source of casino revenue, had taken so much cash to the offshore territory by 2013 that China began tightening rules to curb money laundering.
Covid
Why Asian Gaming Hub Macao Is Getting Tougher on its Big Casinos
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 is calling for a U.S. federal investigation into SunCity Group. Suncity is the largest gambling junket operator in Macau. Its owner Alvin Chau Cheok Wa was recently arrested by Chinese authorities for alleged money laundering. Local501 is engaging with U.,S., state and local gambling regulators. The VIP-junket industry is now facing a crackdown by China's government following reports of organised crime influence and moneyaundering. In February 2021, Australian regulators flagged an incident where $5.6 million was found in a Sun City high-roller room.
Politics
US casino workers union calls for federal probe into Macau's junket SunCity's link with US casinos
Macau Business

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

Suncity was a junket operator operating in Macau. It was arrested in November 2021 and later filed for dissolution. Suncity worked with US-based casino licensees with overseas operations. Union wants the U.S. federal authorities to investigate the case. The union represents over 2,000 Las Vegas casino workers. They are mainly construction workers who work as heavy equipment operators and mechanics in casinos. The industry has been tainted by reports of organised crime influence and money laundering. Since December 2021 at least three gaming concessionaires, Sands China, Melco Resorts and Wynn Macao have cut ties with all local junkets.
Land-based
Las Vegas casino worker union calls for US federal investigation on gaming operators’ former ties with Suncity
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Macau Police Arrest Another Casino Kingpin in Latest Raid

Macau Police in Macau have arrested a casino kingpin with links to fallen junket billionaire Alvin Chau Cheok-wa. Maca Legend Development's CEO and controlling shareholder Chan Weng Lin was arrested on Friday. Choi Wai Chan, chairman of Hong Kong-listed travel agency Ying Hai Group Holdings, was also taken into custody. The men were arrested over alleged money laundering and illegal gambling.
Incidents
Macau Police Arrest Another Casino Kingpin in Latest Raid
The Standard

Macau junket tally halves

The number of junkets or gaming promoters in Macau has nearly halved over the past year. The total number licensed casino operators has also fallen to 46 this year from 85 in January 2021. Suncity is no longer on the list.
Law
ABC Australian Broadcasting Corporation

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

Alvin Chau's arrest has decimated Macau's gambling industry. The city's proposal to reform its casino system is a strong political message to the sector. The proposal aims at increasing local ownership in casino firms and giving a maximum of six licences. It also bans licence transfers between casinos. Macaus lost nearly $US5 billion in Hong Kong stocks the day after Alvin Chau was arrested. He was accused of running online gambling operations involving 80,000 mainland gamblers.
Industry
Macau used to be China's 'good kid', but as Beijing turns on its gambling industry, everything might change
GGRAsia

Junket exit, pandemic 2022 risk for APAC casinos: pundits

The year 2022 is likely to be challenging for casinos in the Asia-Pacific region. Industry commentators say the decline of junkets that hosted Chinese gamblers in Macau and elsewhere in Southeast Asia, and the ongoing travel restrictions linked to the Covid-19 pandemic are the main reasons. China has also made it a criminal offence for anyone to enable Chinese customers to gamble overseas. Ben Lee, founder of casino industry consultancy IGamiX Management & Consulting Ltd, believes the reliance on high-value Chinese players is no longer relevant.
Covid
Junket exit, pandemic 2022 risk for APAC casinos: pundits
GGRAsia

Rich Goldman deal re VIP room at Solaire Manila ends Jan 1

Rich Goldman's deal with Solaire Resort and Casino in Manila to introduce VIPs to a gaming room ends on January 1st. The firm will focus on its money lending business, hotel operations business and property leasing business instead. Rich Goldman has previously had deals covering profit share with junkets in the Macau casino market. Since the detention in Macao of Alvin Chau Cheok Wa, founder of Suncity Group brand of junket, a number of casino operators have confirmed ceasing cooperation with Macaese junketts.
Covid
Rich Goldman deal re VIP room at Solaire Manila ends Jan 1
Yogonet

Macau casinos seek to replace junket revenues amid crackdown, industry uncertainty

Macau casinos seek to replace junket revenues amid crackdown, industry uncertainty. VIP gaming rooms, which made up about a third of Macau’s gaming revenues in 2019, have taken a big hit following the arrest last month of Alvin Chau, head of Suncity. Since the arrested, shares of Wynn Macao have plunged about 23%, Sands China has fallen about 13%, and MGM China dropped 20%. The future of the industry is in mass and premium mass recovery. It will imply controlling COVID-19. The pace of recovery in late 2021 and 2022 depends on COVI outbreaks and travel restrictions coming down.
Finance
Macau casinos seek to replace junket revenues amid crackdown, industry uncertainty
Reuters

Macau's casinos pin hopes on everyday gamblers after junket shutdowns

Macau's casinos are struggling after shutting most of their gaming rooms catering to wealthy gamblers. The Chinese government's recent crackdown on the junket business is calling into question the financial outlook for casino operators. Analysts say the future of the industry depends on attracting mass-market players. The future remains in mass and premium mass recovery. It depends upon controlling COVID-19. Wynn Macau, Sands China and MGM China did not respond to requests for comment. They did however not comment on their plans to replace VIP revenues. In November, Alvin Chau, the head of Maca's biggest junkets, was arrested and charged with setting up an internet platform based in Macao that let bettors in mainland China place overseas wagers.
Covid
Macau's casinos pin hopes on everyday gamblers after junket shutdowns
Asgam

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

Suntrust Home Developers Inc, 51% owned by Suncity, says development of its US$1 billion Manila hotel and casino project will continue as planned despite the arrest of Suntrust Chairman Alvin Chau this week. SunTrust has cash and cash equivalents of around Php7.7 billion (US$152.8 million) to support immediate construction and working capital requirements. Chau was arrested by Macau authorities on Saturday and sent to Coloane Prison to await trial on Monday for alleged criminal association, illegal gambling and money laundering.
Incidents
Suncity’s Philippines subsidiary says Manila hotel-casino development unaffected by Alvin Chau arrest
Radio Free Asia

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

Suncity's VIP rooms have been closed down following the arrest of CEO Alvin Chau on suspicion of cross-border gambling and money-laundering. The move will slash the number of Macau-based employees of Suncity Group by a third. Chau was arrested on Sunday amid an ongoing crackdown on gambling in mainland China. The National People's Congress approved an amendment to the law banning cross border gambling activities from March 1, 2021. Chinese authorities made 14 arrests in illegal gambling cases between January and September this year. Some contractors send up to 50 billion yuan a year to Macao to finance gambling.
Incidents
China arrests Macau casino chief in crackdown on cross-border gambling
Global Times

14 fugitives with Red Notice from Interpol suspected of cross-border gambling and telecommunication fraud repatriated to China

14 fugitives with Red Notice from Interpol for suspected cross-border gambling and telecommunication fraud were escorted and repatriated to China. The large-scale repatriation came after China's crack down on cross border gambling syndicates forced many gangs to flee from Southeast Asia to other countries. The 14 suspects are currently being held in isolation following the epidemic control policy. Public security authorities will carry out further investigations in accordance with the law. Macao tycoon Alvin Chau Cheok Wa admitted opening casinos on the Chinese mainland and facilitating Chinese citizens to gamble overseas.
Trust and Safety
14 fugitives with Red Notice from Interpol suspected of cross-border gambling and telecommunication fraud repatriated to China
Global Times

Over 63,000 are accused of opening casinos in the first nine months this year: top Chinese prosecutor

63,238 people in China were accused of opening casinos between January 1 and September 30, 2021. The influence of the internet has pushed traditional gambling online, while pockets of offline gambling still exist. Several criminal syndicates facilitate offshore gaming for Chinese citizens using overseas casinos. 11 suspects, including Macao tycoon Alvin Chau Cheok Wa, were arrested on Sunday. They confessed to setting up overseas gambling platforms and other illegal acts. They will be sentenced according to the law of China.
Incidents
Over 63,000 are accused of opening casinos in the first nine months this year: top Chinese prosecutor
Aljazeera

Macau police arrest 11 for alleged illegal gambling

Macau police arrest 11 people for alleged illegal gambling. Arrests come a day after junket mogul Alvin Chau is questioned by police in the special administrative region. He organises trips to Asian casinos for big-spending gamblers. He is also the founder of Suncity, the Chinese special. administrative area’s biggest junkets operator. Macau itself is known as the Las Vegas of Asia and has grown rich from the gambling industry.
Law
Macau police arrest 11 for alleged illegal gambling
Spectrum News

China issues warrant for Suncity boss over illegal gambling

Macao police detained the head of Macao's biggest junket organizer and others. Chinese authorities issued an arrest warrant for them over accusations that they ran an illegal cross-border gambling syndicate. Macau is the only Chinese city allowed to operate a casino. Mainland visitors are able to travel to Maca to gamble but need a visa. Xinhua accused Suncity of targeting mainland gamblers with online gambling and proxy-betting operations based in Cambodia and the Philippines.
Law
China issues warrant for Suncity boss over illegal gambling
The Sydney Morning Herald

Star casino linked to organised crime, money laundering, foreign influence

Star Entertainment has been enabling suspected money laundering, organised crime, large-scale fraud and foreign interference within its Australian casinos for years. The Star Entertainment Group runs casinos in Sydney, Brisbane and the Gold Coast. It cultivated high-roller gamblers who are allegedly associated with criminal or foreign-influence operations. They were wooed by Star with luxury goods, free hotel rooms and other incentives. The firm’s failings are exposed in internal company documents, court cases and law-enforcement intelligence briefings.
Incidents
Star casino linked to organised crime, money laundering, foreign influence
GGRAsia

Manila casino firm changes name to Suntrust Resort Holdings

Suntrust Home Developers Inc. changed its name to Suntrust Resort Holdings Inc on Monday. The company is planning to build a casino hotel at the Westside City scheme in Manila. It is backed by Suncity Group Holdings Ltd, led by Macau junket entrepreneur Alvin Chau Cheok Wa.
Travel
Manila casino firm changes name to Suntrust Resort Holdings
Inquirer

Suncity vows to return irate casino high rollers’ millions stuck since pandemic began

Suncity Group Manila is readying cash and properties to reimburse junket players for their advance deposit placements made just before the coronavirus pandemic struck in 2020. The players are angry because Suncity refused to let them withdraw their deposits. Sun City is planning to build and operate its own hotel and casino within the Westside City Resorts World Township in Pagcor’s Entertainment City development. It is alleged that Sun city misappropriated the funds placed in trust and delayed the return of the deposits to fund the project. A lawyer for the junkets claims that the delay is tantamount to syndicated estafa.
Covid
Suncity vows to return irate casino high rollers’ millions stuck since pandemic began