Levo Chan-Tak Chun Grup

Macau courts are scheduled to hear the closing arguments in defunct junket operator Tak Chun group on March 8th.

According to Macau Business, the former head of the junket – Levo Chan – as well as eight other defendants are facing charges of involvement in a criminal syndicate, fraud, money laundering and running illegal gambling operations.

The group allegedly made illicit gains of $1.5 billion ($180 million) from the illegal activity, including under-the-table betting, with the Macau government claiming tax revenue losses of $575.2 million ($71.09 million).

Five of Macau’s six gaming concessionaires are also claiming damages in the case totaling HK$134.7 million. ($16.65 million). Melco is the only operator not claiming damages.

The scheduling of the closing arguments comes after a Friday court session where the court wrapped up its witness testimonies, including two officials from the SAR’s gaming watchdog.