Chinese punters place RMB300 bln in bets linked to Suncity online gambling – Report | Macau Business ...Middle East

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Chinese punters place RMB300 bln in bets linked to Suncity online gambling – Report | Macau Business
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Mainland Chinese gamblers had contributed over RMB300 billion (MOP339 billion/USD42 billion) to online gaming activities led by former Suncity Group boss Alvin Chau, China Central Television has reported. According to a CCTV report on Monday, a court in Wenzhou, Zhejiang province, believes that the junket operator could have pocketed around RMB8.7 billion from the business. The revelation was part of a three-day trial held between 10 and 12 August, with 34 suspects involved in three separate cases, including Zhang Ningning – a key figure said to have helped Chau manage assets on the Chinese mainland. She was sentenced to seven years in prison and slapped with a fine of RMB800,000. The co

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