Macau casino junket operator sinks as arrested boss offers to step down from listed Hong Kong units
Stocks link to arrested Macau casino junket boss crash in Hong Kong as group warns of adverse financial impact from losing his backing.
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Stocks link to arrested Macau casino junket boss crash in Hong Kong as group warns of adverse financial impact from losing his backing.
Alvin Chau and 10 others stand accused of being part of syndicate that facilitated gambling in mainland China.
Macau casino stocks tumbled in Hong Kong after police arrested the head of biggest junket operator in the former Portuguese colony, sparking fears that regulatory crackdown will escalate in the coming months.
Macau said police were questioning Alvin Chau on Saturday, after a Chinese city issued an arrest warrant for the junket mogul, accusing him of operating gambling activities in mainland China. ... | November 27, 2021
Wenzhou, a city in eastern China, has issued an arrest warrant for Macau junket mogul Alvin Chau, accusing him of operating gambling activities in mainland China. Chau is the founder of... | November 27, 2021