How Alvin Chau was brought down by Australia
It is a sport that has played a pivotal role in shaping the Australian identity and remains an integral part of the sporting landscape. Horse racing appeals to a broad audience, and betting on horse races is a long-standing tradition amongst punters. The advantage of a Same Game Multi bet is that it can significantly increase the potential return since the odds of each selection are multiplied together.
I understand your cynicism but I think you need to follow the money in more detail i.e. to work out which government really benefits from gambling and how. Australia is home to less than half a percent of the world’s population but has 20 percent of its pokies — and 80 percent of those located outside casinos. It doesn’t matter very much how often there are complaints, what matters is how australia online pokies much harm is done or will be done if more unconstrained gambling opportunities are provided.
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Aristocrat’s game and product portfolios span both business-to-business and direct to consumer operations, and we are proud to serve our customers and entertain millions of players worldwide every day. But having been effectively called out as an organised crime enabler in Australia, the clock was ticking on Chau. According to ACIC, Cheng is a senior figure in the powerful Chinese organised crime gang, the 14K Triad. Chau’s Australian business flourished between 2012 and 2019, helping to earn him enough capital to finance action movies in Hong Kong and major casino projects in Russia and Asia. Chau’s operation also gave him the ear of the Chinese Communist Party elite who didn’t mind a punt and who, Australian authorities suspected, may also have wanted to quietly move large amounts of money to Australia. On the enforcement side, in practical terms, there are only so many taxpayer dollars that are going to pay public servants to monitor, surveil, investigate, enforce, …So prioritisation is not a bad thing.
- If a state government were going to wind up the pokie industry in that state in a fair and orderly manner then it would indeed cost the state a lot of money.
- When federal detectives examined his financial dealings, they uncovered a $403,000 deposit into a gaming account at The Star Sydney.
- ACIC watched with alarm as Cheng and Chau bought and expanded Victoria’s Eliza Park Horse Stud, which breeds champion racehorses for wealthy owners.
Several of Chau’s companies in Australia, including the Suncity Group, had a former PricewaterhouseCoopers partner, Stanley Brogan, as a director. Under Australian corporate law, international businesses need an Australian resident director to oversee their corporate and tax obligations, and Brogan appears to have fulfilled that role. Corporate filings show he remains listed as a director of at least two Suncity Australian companies. But the full story of Chau and his gambling junket operation, Suncity, is also a tale of financial and organised crime in Australia, and the work of a mostly hidden federal agency, the Australian Criminal Intelligence Commission. Sydney’s The Star Entertainment casino firm was just as eager to woo Chau to access his contact list of Chinese high rollers. Except that the problem with established onshore in-person gambling (pokies, casinos, races etc) is a State matter and advertising and e-gambling is federal.
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What might typically happen is that 87% of all amounts bet are returned in prizes. The remaining 13% is shared between GST, state Government tax and the operator. I have no idea about what taxes apply on the proceeds of gambling.
There are many restriction applicable to gambling advertising. As I have not suggested that any of these be removed, I am not implying that the advertisers be given a free pass. Possibly because it is normal, fun and harmless for a large percentage of the population.
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Over a year earlier, ACIC had added Chau’s junket business – the Suncity firm dealing with Crown and The Star and which was generating billions of dollars in high-roller turnover – to its Australian priority target list. ACIC watched with alarm as Cheng and Chau bought and expanded Victoria’s Eliza Park Horse Stud, which breeds champion racehorses for wealthy owners. In September, corporate filings reveal that Chau offloaded his last Sun Stud holding to Cheng via a British Virgin Islands company. As organised crime detectives in Sydney and Melbourne uncovered similar examples, the Australian Criminal Intelligence Commission began doing its own work. In late 2012, the Australian Federal Police arrested a Sydney man and charged him with laundering suspected drug funds.
Let’s start by exploring a few of the numerous betting options available to you at Unibet, showcasing the wide variety of betting markets we have on our sportsbook. Unibet caters for everyone in a vast world of different sports and horse race betting options. As long as the bar is licensed to have gaming machines in the facility, they cannot be placed in any bar.I appreciate you taking the time to discuss this with me today. By 2017, according to official sources in state and federal agencies – who requested anonymity because they are not authorised to speak publicly – ACIC had drawn a direct line between Chau and a Hong Kong crime boss, Cheng Ting Kong. Cheng was investing in many of Chau and Suncity’s corporate subsidiaries via offshore companies. Online and more traditional mechanisms do have things in common.
When federal detectives examined his financial dealings, they uncovered a $403,000 deposit into a gaming account at The Star Sydney. A report written by an overseas enforcement agency reveals that when detectives quizzed the man, he indicated these funds were bound for Suncity. Get Today’s Paper in your inbox by signing up to receive alerts.