The company Macau Legend, which owns Macau Fisherman’s Wharf, is set to exit Cabo Verde and Cambodia by 2025.
Levo Chan
Officials say the move is not connected to the recent high-profile cases of disgraced junket operators Levo Chan and Alvin Chau.
The onetime Tak Chun boss was found to have facilitated HK$1.5 billion in covert bets at local casinos over a six-year period.
The defence and the prosecution have concluded their arguments in the case that involves 80 counts of fraud, illicit gambling, and money laundering.
Troubled junket operation, whose former boss Alvin Chau is in custody, ceases travel business which had made up around 12% of its total revenue.
Move comes as gaming industry gears up for new licence tenders later this year and increasing unease over possible legal liabilities.
Resignation follows arrest on suspicion of money laundering, illegal gambling and organised crime as authorities clamp down on junket operators.
Associate Billy Choi released but may not leave Macao; police point to strong evidence linking pair to organised crime, illegal gambling and money laundering.
