How Alvin Chau was brought down by Australia
Australians over 65 are the fastest-growing group of crypto adopters, but the estate planning establishment is struggling to keep up. Starwood Capital’s latest foray into the local commercial property market is a win for KordaMentha’s expanding property investment platform. And on December 1, the Suncity high-roller travel business ceased its casino operations in Macau, the place where it all began.
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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. After 30 years old, I began to have some thoughts and goals,” Chau said of the growth of his gaming empire in a Hong Kong media interview in 2017. By the late 2000s, almost every major Macau casino had a Suncity high-roller room where Chau’s clients could gamble huge amounts in luxury settings, away from the prying eyes of mainland authorities. 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.
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