Shares of casino operators were hit when Alvin Chau Cheok-wa, the city’s biggest organiser of junket trips for high-stakes mainland punters, was among 11 people arrested for alleged links to illegal cross-border gambling and money laundering. Photo: Shutterstock
Opinion
Opinion
Editorial
Macau should move beyond its reliance on gaming revenues
- The gambling hub’s shortcomings have been exposed as the Covid-19 pandemic has emptied its gaming rooms and Beijing continues its crackdown on capital flight, money laundering and illegal cross-border betting
Shares of casino operators were hit when Alvin Chau Cheok-wa, the city’s biggest organiser of junket trips for high-stakes mainland punters, was among 11 people arrested for alleged links to illegal cross-border gambling and money laundering. Photo: Shutterstock
