HomeNewsDaily Asia Gaming eBrief: Prince Group founder Chen Zhi arrested in Cambodia

Daily Asia Gaming eBrief: Prince Group founder Chen Zhi arrested in Cambodia

Good Morning. Cross borders, face consequences. Prince Group founder Chen Zhi has reportedly been detained in Cambodia and repatriated to China. The case has attracted attention well beyond the region, with investigations across de multiple jurisdictions still unfolding. Meanwhile, Macauโ€™s business environment is prompting quieter but significant changes, as Malaysian company Mega Fortris abandons plans for local playing card manufacturing amid rising costs and space constraints.

What you need to know


On the radar


AGB Intelligence

Chen Zhi, Prince Group

Chen Zhi detained in Cambodia, sent back to China

Prince Group Chairman Chen Zhi has been arrested in Cambodia and transferred to China for investigation, according to local media. The case has attracted international attention after U.S. authorities previously identified Chen as the alleged mastermind behind a vast online fraud and money laundering network operating across Southeast Asia. Prince Group, a Cambodian casino and hospitality conglomerate led by Chen, has been accused of using luxury hotels and casinos to launder billions of dollars from online scams, extortion, and forced labour. U.S. prosecutors have charged Chen with wire fraud and conspiracy to commit money laundering and have seized more than 127,000 bitcoins, valued at over $15 billion, linked to the alleged operations.


Industry Updates


INTELLIGENCEASEAN | CAREERS | EVENTS

AGBrief Editorial
AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

RELATED ARTICLES

FOLLOW AGB

daily newsletter