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Levo Chan and associates ordered to pay $99.3 million in compensation to gov’t/operators

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Former Tak Chun junket head Levo Chan and four other defendants have been ordered by Macau courts to pay out some HK$779.7 million ($99.35 million) in compensation to the government and five of Macau’s casino operators.

According to Macau Business, the amount is broken down into HK$575.2 million ($73.3 million) for the government, HK$81.1 million ($10.42 million) for Galaxy Entertainment Group, HK$47 million ($5.99 million) for Sands China, HK$36.84 million ($4.69 million) for Wynn Macau, HK$35.65 million ($4.54 million) for SJM and HK$3.83 million ($490,000) for MGM Macau. Macau’s only other gaming concessionaire, Melco Resorts, is not a complainant in the case.

Levo Chan was charged on Friday with 34 crimes, including criminal association, illegal gaming activities, fraud and money laundering, being handed a sentence of 14 years. The case is the second such high-profile junket prosecution, following the downfall of Macau’s former top junket Suncity, and it’s head Alvin Chau – who was given an 18-year prison sentence.

Four of the defendants in the trial were acquitted on Friday, while the other four – aside from Chan – were given sentences ranging from seven years to 11 years.

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