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SJM severing ties with Tak Chun was essentially the junket group’s end. Macau Legend has since replaced Chan as its cochair, executive director, and CEO. The company says he remains its largest shareholder, but has “no claim whatsoever against the Group, whether by way of compensation, remuneration, severance, expenses, or otherwise.”<\/p>\n<\/div>\n
The junket model has largely been done away with in Macau, as the region readies to embark on its next gaming regulatory environment. The enclave is preparing to issue each of the six licensed commercial gaming companies new 10-year operating permits. Their current concessions expire at the end of 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"
Tak Chun Group’s former boss, Levo Chan, has been formally charged with numerous crimes in Macau, including operating an illegal gambling syndicate. The since-defunct Tak Chun Group was once considered one of Macau’s largest junket operators. A subsidiary of Macau Legend Development — which owns Fisherman’s Wharf near the Macau Ferry Terminal — Tak Chun […]<\/p>\n","protected":false},"author":25,"featured_media":225113,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069],"tags":[13639,51,82210],"acf":[],"yoast_head":"\n
Tak Chun Boss Levo Chan Formally Charged in Macau<\/title>\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