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Macao Detains Suncity Boss After Over Illegal Gambling | Business News

BEIJING (AP) — Macao police on Saturday detained the top of Macao’s greatest junket organizer and others after Chinese authorities issued an arrest warrant for them over accusations that they ran an unlawful cross-border playing syndicate.

The arrests within the playing enclave got here after prosecutors in Wenzhou, within the japanese province of Zhejiang, on Friday accused Suncity Group CEO Alvin Chau and one other individual, Zhang Ningning, of main cross-border playing operations and establishing casinos throughout China.

Casinos and most types of playing are unlawful in mainland China, and Macao is the one Chinese metropolis allowed to function a on line casino. Mainland guests are in a position to journey to Macao to gamble however are required to acquire a visa.

“Based on evidence obtained from previous criminal investigations, the (Macao) police brought the criminal suspect Chau and other persons involved back to the police station for investigation in accordance with the law this morning,” Macao’s authorities mentioned in an announcement on Saturday.

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Authorities mentioned they’d been investigating the case since July final yea. They mentioned that the playing syndicate has 199 shareholder representatives, over 12,000 brokers that promoted its playing operations and greater than 80,000 gamblers in its community.

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The syndicate additionally arrange asset administration companies to help gamblers with cross-border fund transfers and to get well money owed they owed, authorities mentioned,

In 2019, China’s official Xinhua information company accused Suncity of focusing on mainland gamblers with on-line playing and proxy-betting operations based mostly in Cambodia and the Philippines. Suncity denied the allegations.

Authorities mentioned the syndicate “severely damaged the social order of the country” and on Friday urged Chau to show himself in in alternate for a extra lenient punishment.

Hong Kong-listed Suncity Group couldn’t be reached for remark by cellphone and didn’t instantly reply to e mail inquiries.

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