{"id":1571071,"date":"2022-01-31T07:03:12","date_gmt":"2022-01-31T12:03:12","guid":{"rendered":"https:\/\/www.vegasslotsonline.com\/news\/?p=132258"},"modified":"2022-01-31T07:03:12","modified_gmt":"2022-01-31T12:03:12","slug":"macau-police-arrest-another-casino-kingpin-in-raid-netting-hk4-1m","status":"publish","type":"station","link":"https:\/\/platogaming.com\/plato-data\/macau-police-arrest-another-casino-kingpin-in-raid-netting-hk4-1m\/","title":{"rendered":"Macau Police Arrest Another Casino Kingpin in Raid Netting HK$4.1m"},"content":{"rendered":"\n
Police in Macau have arrested a casino kingpin with links to fallen junket billionaire Alvin Chau Cheok-wa in a raid that netted HK$4.1m (US$525,745).<\/p>\n
Macau\u2019s Judiciary Police (PJ) arrested Macau Legend Development\u2019s CEO and controlling shareholder Chan Weng Lin on Friday. Another man, which media sources believe to be Choi Wai Chan, chairman of Hong Kong-listed travel agency Ying Hai Group Holdings, was also taken into custody. <\/p>\n
\nalleged money laundering and illegal gambling<\/p>\n<\/blockquote>\n
In an official announcement Sunday, the PJ said it arrested the men over alleged money laundering and illegal gambling. Police confirmed they \u201csuccessfully intercepted\u201d the two suspects at a hotel in Macau\u2019s New Outer Harbour Areas (NAPE). Officials confiscated gadgets, servers, documents, and files along with cash in the raid.<\/p>\n
Macau Legend Development owns three casinos in the Asian casino hub, namely Landmark Macau, Babylon Casino, and Legend Palace Casino.<\/p>\n
Shares take a hit<\/h2>\n
According to the BBC<\/em><\/a>, shares in Macau Legend Development fell by as much as 30% in Hong Kong on Monday.<\/p>\n