Alvin Chau is under custody in Coloane prison according to Macao news. He is a big figure in the Macao casinos world, playing roles as chairman and director of Suncity Group Holdings Limited among others. Basically, Chau was a middleman between big casinos and high roller players. Part of his job was to create exclusive travel packages for VIP customers and great casino experiences in one of the best places in the world for casinos. If you are also looking for these great experiences, you can have them online as well, just open an original betting account with a service and start winning big with your favorite online casino.
The big mogul was arrested last Saturday along with other 10 people. All of them, including Alvin Chau, are accused to be part of a criminal organization.
Government’s position
During the weekend, Macao’s government published a press release informing that this organization dealt with large amounts of money that didn’t bring any benefits to the country’s social order. The city authorities also demanded strict compliance with China’s law and gambling regulations, as they will keep a zero-tolerance policy.
In fact, the stock exchange of the companies indirectly involved was paused until further investigations. After Chau’s detention, the board of directors requested a resume of trading in its shares as Alvin Chau informed that he will resign as chairman of Suncity Group.
Alvin Chau’s detention
Last week, the authorities issued an arrest warrant. The details reported that the organization had almost 200 members and more than 12,000 agents who offered services to around 80,000 players.
According to different Macao web portals, Chau and the criminal organization operated illegal betting and participated in money laundering. Macao’s authorities had investigated Alvin Chau for two years, looking for evidence of this illegal behavior. The main reason under the investigation was that its organization operated online casino platforms for China’s continental area illegally.
Apparently, Chau created a company in China to offer loans and collect gaming debts through rogue banks. These clandestine banks also helped players complete international transfers in order to bet. It seems that this is just the tip of the iceberg and we will see more action on this issue. Don’t miss any information about it by visiting our casino news and updates section!