CTV - Internal Wiki

User Tools

Site Tools

Trace: • 8_best_ways_to_sell_weight_loss
sta_junket_ceased_only_afte_ceo_a_est

Differences

This shows you the differences between two versions of the page.

Link to this comparison view

Both sides previous revision Previous revision
sta_junket_ceased_only_afte_ceo_a_est [2025/09/28 21:09]
216.73.216.43 old revision restored (2025/08/06 12:05) 		sta_junket_ceased_only_afte_ceo_a_est [2025/09/28 23:13] (current)
216.73.216.43 old revision restored (2025/08/05 16:30)
Line 1: Line 1:
  
 +It took the arrest of Macau-based junket operator Suncity's CEO for the company to be stopped from running private gaming rooms at Sydney's Star casino.
 + 
 +A meeting of Star managers in 2018 heard of a "big fat red flag" that the junket operator was breaching its agreement with the casino and posed a money laundering risk, years before it ceased operating.
 + 
 +Star's general manager of financial crime and investigations Kevin Houlihan on Thursday resumed giving evidence to the NSW gaming regulator's inquiry into the casino's fitness to hold a licence.
 + 
 +He made the decision to stop Suncity's operations at The Star following the arrest of the company's CEO Alvin Chau in November.
 + 
 +Prior to that arrest, Mr Houlihan had decided the junkets could continue operating if Suncity abided with mitigations suggested by the casino following an investigation.
 + 
 +Mr Houlihan agreed he was aware by August 2019 Suncity was handling cash transactions contrary to its agreement with the casino, that its staff did not co-operate with a subsequent internal investigation, that associates of Suncity had been criminally charged for dealing with criminal proceeds, and that continuing with the group could harm Star's reputation.
 + 
 +A note from senior Star investigator Andrew McGregor, quoted at the hearing by counsel assisting Naomi Sharp SC, had earlier warned: "We have an entity within our four walls which is totally non-compliant to reasonable requests for basic information ... operating a business model under our noses which is problematic".
 + 
 +"Let's cut to the chase here, this is a big fat red flag for money laundering going on in Salon 95," Ms Sharp said.
 + 
 +"It's a red flag yes," Mr Houlihan responded.
 + 
 +Mr Houlihan said the matter had been referred to the police and rejected suggestions Star's investigation was too slow.
 + 
 +"We took the opportunity to slow down and do a proper due diligence report to get it right," Mr Houlihan said.
 + 
 +A report compiled for the Hong Kong Jockey Club in 2018 by Star's current due diligence and intelligence manager Angus Buchanan had also found alleged links to triads and money laundering.
 + 
 +He shared the report internally a month after joining Star in May 2019.
 + 
 +"This report was shared confidentially by Mr Buchanan and the appropriate people had a copy," Mr Houlihan said.
 + 
 +He said it was not shared widely within Star or with the regulator for that reason.
 + 
 +Also not shared with the regulator was a second passport held by prolific Star spender, Chinese billionaire Huang Xiangmo.
 + 
 +The inquiry heard the two passports - one from the Republic of China and the other from Hong Kong - in different names with different birthdates, were both known to The Star, however only one was shared with the regulator.
 + 
 +Star was aware of Mr Huang's second passport as early as 2017, as well as more than a billion dollars in buy-ins he had made on table games in the preceding years.
 + 
 +"Would that second passport have raised a question about the propriety of him being able to gamble at the casino?" Junior counsel assisting Casper Conde asked Mr Houlihan.
 + 
 +"It certainly would have raised questions, yes," Mr Houlihan responded.
 + 
 +He told the hearing he did not recall being asked to investigate Mr Huang's multiple passports.
 + 
 +The NSW Independent Commission Against Corruption recently found $100,000 in cash secretly donated to the NSW Labor party via former MP Ernest Wong was withdrawn from Mr Huang's account at The Star.
 + 
 +His permanent residency and citizenship application were both cancelled in 2019.
 + 
 +The inquiry is examining whether the Sydney casino has been infiltrated by criminal activity, and if its casino licence should be withdrawn.
 + 
 +There have been calls for a similar investigation of the company's licence in Queensland.
 +
 +
 +
 +
 +Here's more info regarding [[https://bettop88th.com/online-lottery|หวยออนไลน์]] have a look at our own web-page.
sta_junket_ceased_only_afte_ceo_a_est.txt · Last modified: 2025/09/28 23:13 by 216.73.216.43

Page Tools

Except where otherwise noted, content on this wiki is licensed under the following license: CC Attribution-Share Alike 4.0 International
CC Attribution-Share Alike 4.0 International Donate Powered by PHP Valid HTML5 Valid CSS Driven by DokuWiki