Macau police have further extended their crackdown on illegal gambling and money laundering, with the arrest of prominent casino boss, Levo Chan Weng Lin, CEO and major shareholder of the Macau Legend Development group, owner of the Babylon, Landmark Macau and Legend Palace casinos.
Together with another man, Chan was apprehended at hotel and police also confiscated computer equipment, documents and HK$$.1m (US$525,000) in cash. Local press reports state that the pair have been charged with criminal organisation, illegal gambling (including online) and an offence called ‘betting under the table’.
The Chinese authorities, who have administrative authority over Macau, appear resolute in their enforcement of President Xi’s anti-gambling policies, with this latest high-profile arrest following that of SunCity CEO, Alvin Chau. In addition to his role within Macau Legend Development, Mr. Chan is also Chairman of junket organiser, Tak Chun Group, and it is this role that many believe has led to his arrest.
A statement from the Board of said: “The Board is of the view that as the Group is operated by a team of management personnel and the above incident relates to the personal affairs of Mr Chan and not related to the Group. The Board does not expect the above incident to have a material adverse impact on the daily operations of the Group.”