Tweet Junkets branching out According to this article by Reuters, traditional junket operators (also known as VIP gaming promoters) in Macau are branching out to diversify their businesses and improve their reputation. The largest junket operator, Suncity Group, is planning to open its own casino and has expanded into mining and iron ore operations in […]
Tweet Do Criminals Launder Money at Casinos? Media and enforcement agencies are awash with statistics intended to describe the extent of money laundering at casinos in Canada and elsewhere around the world. Due to the ubiquitous nature of the activity, it is nearly impossible to produce accurate statistics on the extent in which this activity […]
Tweet According to a report in the South China Morning Post, police arrested Lin Chiu, an investor in the Neptune Group Limited for allegedly money laundering. The Neptune Group, a publicly traded company, is said to own 70% of the Hong Kong-based gambling cruise ship called “Neptune” and operates VIP junkets to casinos in Macau, […]