Alvin Chau<\/a> of the Suncity Group, the world\u2019s biggest gaming junket, on similar charges. Chau\u2019s trial concluded last week, and a verdict in that case is expected on January 18.<\/p>\n<\/div>\nThe arrests of Chan and Chau signaled a death knell for the junket industry in Macau, which had once generated 60% of casino revenues for the world\u2019s biggest gambling hub. The junkets attracted the ire of the Central Government in Beijing, which blamed them for encouraging cross-border gambling, money laundering, and capital flight.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gambling magnate Levo Chan appeared in Macau\u2019s Court of First Instance on Monday for the first day of his trial on illegal gambling, fraud, and money laundering charges. Until his arrest in January 2022, Chan was the head of the now-defunct Tak Chun Group, formerly the second-biggest junket operator in the gambling hub. He was […]<\/p>\n","protected":false},"author":36,"featured_media":246414,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,60],"tags":[],"acf":[],"yoast_head":"\n
Levo Chan, Macau Gaming Tycoon in Court on Illegal Gambling Charges<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n