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Macau’s second largest junket boss, who ran an illegal multibillion dollar gambling ring, was sentenced to 14 years in prison on Friday.
The arrests of Macau’s junket bosses coincide with President Xi Jinping’s anti-corruption campaign, which includes a closer look at corrupt officials who may travel to Macau in order to place bets or launder money.
Levo Chan Weng Lin, 51, is the founder of the Tak Chun Group. The group brought high rollers to the former Portuguese Colony from the mainland, the only place under Chinese rule that allowed gambling.
Chan was sentenced to 14 years of prison by a panel of Macau Judges after he was found guilty on 34 counts including illegal gambling, running criminal gangs, fraud, and money laundering.
Chan earned around $200 million from the illegal activities.
Alvin Chau, Macau’s former “junket-king”, was sentenced to 18 years in prison for fraud, running of a criminal gang and illegal betting.
Chan denied the accusations during his trial.
Macau authorities announced new gambling regulations and granted concessions to six casino giants, including an increased level of government oversight.
