In 2011, Chau created the Inspirational Youth Association Macau. “Judged either by ideology or by behavior, the casino tycoon is a stalwart favoring the CCP’s tyranny,” said Huang.Ĭhau was heavily involved in various dealings with the Chinese regime.
#CASINO TYCOON REDDIT TV#
Taiwan-based financial expert Huang Shih-tsung said on the TV show “Critical Moments” that the name list of 80,000 Chinese gamblers is what the CCP is most concerned about, which must have included a great number of high-ranking Party officials. Xi’s ally, Wang Xiaohong, took office as new head of the Ministry of Public Security on Nov. Yuan also noted that Chau’s arrest was swift because China’s police system was recently restructured. In other words, Xi failed to negate the role of his old rival Jiang-whose influence remains in the country’s political arena-despite him formally stepping down in 2004. Yuan believes that Xi failed to achieve his goal-to be elevated to the same exalted status as communist China’s first leader, Mao Zedong-due to resistance from Jiang’s influence in the CCP’s sixth plenum, which ended on Nov. “The motivation of arresting the casino tycoon is to ruin the financial foundation of Jiang and his allies,” he said. Yuan’s connections, who also lived in Macau and worked within the CCP system, described Chau as an undercover asset agent for the Party’s elites, especially for the families of former Chinese leader Jiang Zemin and his close ally, Zeng Qinghong, according to the expert. “The casino tycoon’s arrest is a milestone in the CCP’s internal, ever-growing struggle for power,” said Yuan. 29 that Chau is far from an ordinary businessperson, given his complicated interaction with the Chinese Communist Party ( CCP). The notice said that Chau’s cross-border gambling group had grown into a syndicate with 199 shareholder-level agents, more than 12,000 casino agents, and a membership of over 80,000 in China by July 2020.Įvery year, online platforms that his group created in the Philippines and Cambodia drew billions in profit from mainland Chinese gamblers, nearly twice China’s annual lottery income, according to a July 2019 report by state-run media outlet Economic Information Daily.Ĭurrently, all of Chau’s VIP gambling rooms have been closed down.Īustralia-based China expert Yuan Hongbing told The Epoch Times on Nov. The response of Macau police came one day after the public security department of eastern China’s Wenzhou city, Zhejiang Province, stated in a notice that the local procuratorate had issued a warrant for Chau’s arrest. 27 on charges of operating illegal betting and money laundering in mainland China, according to multiple media outlets. Police detained Macau-based casino tycoon Alvin Chau, whose gambling business generates more than $157 billion annually, along with his 10 followers on Nov. The event might foreshadow Chinese leader Xi Jinping’s new political storm targeting his opponents, according to a China expert in exile. The arrest of a casino mogul is sending shockwaves through China’s political ecosystem.
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