If convicted, Chau who was once Macao’s high-flying junket operator could face eight to 15 years behind bars.
alvin chau
Move comes as gaming industry gears up for new licence tenders later this year and increasing unease over possible legal liabilities.
Associate Billy Choi released but may not leave Macao; police point to strong evidence linking pair to organised crime, illegal gambling and money laundering.
Junket operations curtailed, government officials will inspect every three years, and threat to national security can lead to licence being cancelled.
Woman surnamed Ho refused to cooperate with police; junket group founder Alvin Chau Cheok-wa remains in Coloane prison awaiting trial.
Finance chief Lei Wai Nong urges defunct junket operator to respect staffers’ rights, undertakes to work to boost the economy with more infrastructure projects.
News of termination no real surprise following arrest of Alvin Chau; company’s Hong Kong-listed arm facing ‘possible loan default’.
Dramatic development follows arrest of junket king Alvin Chau and landmark ruling by High Court last month.
Macao-based media executive believed to be close to Alvin Chau, troubled founder of Suncity Group who is currently remanded in custody.
