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Law enforcement in the on line casino hub of Macau reportedly have arrested a best casino operator.
According to a report from the BBC, Macau Legend Development, operator of a few casinios in Macau, verified that a single of 3 arrested around the weekend for alleged dollars laundering and unlawful gambling was its main executive and controlling shareholder Chan Weng Lin.
In November, yet another casino executive in the metropolis, Alvin Chau, was arrested by Chinese authorities. The casino operator responded in a note to the Hong Kong Stock Exchange as its stock plunged a described 30%.
“The Board is of the perspective that as the Group is operated by a team of administration staff and the above incident relates to the particular affairs of Mr Chan and not connected to the Group,” Macau Legend Development mentioned in a assertion to the Hong Kong Stock Trade.
“The Board does not assume the over incident to have a substance adverse effects on the day-to-day operations of the Group,” it included.
Macau Legend Progress runs the Landmark Macau, Babylon Casino, and Legend Palace Casino.