Former Suncity chief Alvin Chau sentenced to 18 years in Macau prison
Chau has also been ordered to pay HK$6.5bn (US$831m) in civil compensation to the Macau government for lost revenue from “betting under the table” in Suncity VIP rooms, plus further compensation to five concessionaires: Wynn Macau, Galaxy Entertainment Group, MGM China, Sands China and SJM Resorts.
A total of over HK$2bn will be paid to those concessionaires, comprising HK$770m to Wynn, HK$550m to Galaxy, HK$300m to MGM, HK$290m to Sands and HK$170m to SJM.
The verdict was handed down on Wednesday morning Macau time, some four months after the trial of 21 defendants linked to Suncity began.
Chau was one of 11 people arrested by Macau’s Judiciary Police, and one of six subsequently transferred to Coloane Prison, to await trial in late November 2021 for alleged criminal association, illegal gambling and money laundering.
Following Chau’s arrest, Suncity officially announced the cessation of its junket business in early December 2021, while Chau also stepped down as Chairman of the listed company of the same name, Suncity Group, which holds significant interests in integrated resort developments in Vietnam, Russia and the Philippines.
Chau was later charged by the Public Prosecutor’s Office on 229 counts of illegal gambling and 54 counts of substantial fraud, as well as criminal association, illegal gambling and money laundering.
He was also accused of making profits to the tune of MOP$21.5bn in profits from “betting under the table” and subsequently charged with defrauding the Macau government and six concessionaires.