“The central government has stated it is committed to cracking down on online gambling, fraud, and illegal financing with the purpose of preventing the illicit outflow of capital, and I agree that the Macau SAR government and the gaming industry should fully cooperate,” Chau declared.<\/p>\n
Chau, born and raised in Macau, saw the local gaming industry undergo great change after the enclave was returned from Portugal to China in 1999. Macau ended Stanley Ho’s monopoly on casino gambling in 2001 in favor of welcoming in five new commercial casino operators.<\/p>\n
\nI had witnessed the rapid changes in the Macau gaming industry — from a monopoly system to the new era of six concessionaires in the early 2000s,”<\/strong> Chau told The CEO Magazine <\/i>in 2018. “Everyone in the gaming industry realized that this was an enormous opportunity, and competition among VIP clubs was great.”<\/strong><\/p>\n<\/blockquote>\nChau’s Suncity opened its first VIP club inside Macau StarWorld Hotel in 2007. Today, Suncity has VIP rooms in more than a dozen casinos in Macau.<\/p>\n","protected":false},"excerpt":{"rendered":"
Billionaire Alvin Chau, 47, is seemingly in a myriad of legal trouble in China. It’s a country that has a no-holds-barred approach to prosecuting and punishing those deemed to have committed unlawful acts. Chau, a Macau native who made his vast fortune by founding and operating Suncity Group, one of the largest VIP junket operators […]<\/p>\n","protected":false},"author":25,"featured_media":193371,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069],"tags":[],"acf":[],"yoast_head":"\n
Alvin Chau Latest: Suncity Denies Company Engaged in Illegal iGaming<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n