Alvin Chau May Have Shorthanded Macau $1B Worth of Tax

The fall from grace of Alvin Chau, the prominent casino junket boss in Macau, whose Suncity Group was running an extensive business in the special administrative region and beyond, may have “cheated” the gambling industry in the hub out of $1 billion in tax revenue, Asia Nikkei reported.

Alvin Chau’s Syndicate Explained by Prosecutors
Chau was arrested in November 2021 on suspicion of ties to criminal syndicates and a litany of charges, including money laundering, illegal gambling, fraud, and more, leading to the junket operator debacle that prompted sweeping changes to Macau’s regulation and tightened the laws on how junkets may operate there significantly.

Now, a 224-page indictment seen by the media argues that Chau and 20 former Suncity C-level employees have been privy to a criminal conspiracy that damaged Macau’s budget to the tune of $1 billion. Insufficient taxes were paid in the period between 2013 and 2021, the indictment argues. In the indictment, investigators argue that Suncity Group and Suncity VIP Club were effectively a front for the group to secure illegal gambling profits.

Source: https://www.gamblingnews.com/news/alvin-chaus-may-have-shorthanded-macau-1b-worth-of-tax/