Macau prosecutors have sentenced former gambling supremo Alvin Chau to 18 years in prison for illegal gaming activities over a year after being arrested amidst accusations of running an illegal cross-border gambling syndicate.
Chau’s syndicate reportedly cost Macau authorities around $1.4 billion in lost tax revenue while siphoning off illegitimate profits from various side-betting activities, while he himself faced almost 290 charges in one of the biggest cases the gambling hub had seen in years.
He was denied an Australian visa in 2019 having poured huge sums into the gambling industry there due to money laundering allegations.
Source RT (https://t.me/rtnews)