Sunday, November 28, 2021

"Shares in Macau casino operators plunged" after the head of the area's largest junket operator allegedly confessed to running illegal betting activities

AFP:

It is the first time such a high profile figure from Macau's gaming industry has been arrested in an ongoing crackdown against the sector, with plans announced in September to increase government regulation.

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Almost all gambling is forbidden in mainland China but it is permitted in Macau

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Macau police have accused Chau and ten others of setting up an illegal cross-border gambling and a money-laundering syndicate that enabled mainland Chinese to place bets online.