Macau Casino Mogul – The Fraud Junket King Of 289

The Macau casino mogul Alvin Chau was sentenced to 18 years of jail. Therefore, he was charged with 289 counts of fraud. We are going to give you a general profile about him. Furthermore, we will explain why he received the title of The Junket King of Macau. In conclusion, this is a general article that summarizes the story of his arrest, and the reason behind his wealth and business. Furthermore, we will give you an insight into ethical online gambling in Macau. In this article, I am going to talk about the Macau casino mogul who was sentenced to jail for 18 years. Learn everything about Alvin Chau and the reason behind their arrest. Because Macau is the true gambling capital of the world. However, if you are doing this out of order, you’ll meet the police. Because Macau is one of the extreme rarities where China allows gambling to exist.  This means that the government is already not too happy about the fact that there are gambling-related issues. Macau is a city led by gambling, and if you are a casino mogul. Then you have to play your cards right and play by the rules. If you don’t want the headache then just register at any of the online gambling sites in Macau. Because you can enjoy the beautiful luxury of the city while playing from your phone or laptop.

Macau Casino Mogul – Alvin Chau Profile

Let’s start this article by getting a proper profile of Alvin Chau. Therefore, we are not going to consider the accusations against him in this section. https://www.youtube.com/watch?v=wP_1efPmYek According to FT the Former Suncity owner became the highest-profile target of the Beijing VIP gambling and capital outflow crackdown. The following information is a collection of data available publicly available about him:

• He was born in Macau on May 30th, 1974. Currently, he is 48 years old. 
• His nationality is Portugal, born in China.
• He has another name: "Sai Mai-wa", while his full name is "Alvin Chau Cheok-wa." 
• His current partner is a Malaysian-American model, Mandy Lieu.
• He has a total of 7 children.
• Profession: Businessman
• Title: Casino Mogul, The Junket King

If you would like to participate in a casino game unaffiliated with him. Then you have several options. For example, you can register at the Yukon Gold Casino.

Alvin Chau Businesses And Former Affiliations

In this article, we will discover the case behind the Macau gambling mogul. Therefore, let’s start with his business and former affiliations. According to Aljazeera, Chau was charged with 289 counts of fraud. He was a former member of the Chinese People's Political Consultative Conference. https://www.youtube.com/watch?v=wBpO-DE3v8k Furthermore, he is the former owner of the Suncity Group, known as one of the biggest casino companies in Macau. This means that you shouldn’t try to worry about the current state of these companies and groups. Because the seat and company are taken by someone who is not affiliated with the accusations.

Macau Casino Mogul Sentenced To Jail For 18 Years

According to the BBC, the weight of his crime exceeds illegal bets with a value of $105bn. This has happened in the VIP room of the Sun City casinos. However, right after his arrest, the company closed all of the VIP rooms. One of the many accused was that he arranged high-roller gambling events with mainlanders of China. The Mainland of China made gambling illegal. Therefore, Macau is one of the few Chinese regions that allow gambling. This also gives a good income to the tourists. However, many moguls are trying to exploit this for the sake of profit. We hear how the police keep on striking these businessmen down. Therefore, it’s one of those forbidden apples in China.

Why Is He The Junket King?

A junket is one of the strangest phenomena that might be foreign to many people. Similar to how the gambling lord in the Philippines, there are not just simple titles. The Macau casino mogul was known as “The Junket King” for being one of the best in the junketing business system. https://www.youtube.com/watch?v=-7G_W_WWBos The point of the system is that the businessman builds up a casino from the money of many investors. However, when one of these investors wishes to gamble, they receive credit from the businessman. Therefore the businessman will party with them. Alvin takes a commission from the cash each game. Therefore, he generates money even while giving credit. Furthermore, they collect the debt in case the investor loses games. This is a profitable business. Because even if one businessman wins a huge jackpot, for every one million, they generate ten million back.

Macau Casino Mogul – The New Owner Of Suncity Group

The new owner of the Suncity Group is Sarang Raut. Looking at his social media profiles, he seems to be a much more down-to-earth person than Alvin was. Because Alvin looked charming and sociable. Sarang looks like a professional. Both of these people look proper. But Alvin has the aura of a Junket King. Therefore, it is evident that the Sun City casinos have closed the door on the VIP rooms. They might no longer operate as a junket company. Which means that they have to operate as a normal casinos. We know that Macau gambling is in trouble. Therefore, it might be best that they are not going to mess with government cash. We all know that those attempts have never gone well.

Where To Play Online Legally?

Now that you know everything about the Macau casino mogul who is still serving his sentence in jail. Let’s remember that not all casinos are bad. We have debates such as the Steve Wynn Rico Case. But in conclusion, it’s generally the effect of a paradigm shift. If you are interested in a completely legal casino with a clean Macau background. Then I highly recommend you to register at Yukon Gold Casino. That way, you can gamble safely without worrying about the company's consequences. Because your money is safe with Yukon Gold. Make sure to check out our available bonuses and promotions for the best starter experience. Redeem the available codes, or opt-in for the ongoing promotions.

Click here to try the live casino at Yukon Gold Casino