A major shareholder in a casino resort project in Queensland has alleged links to organized crime. [Image: Shutterstock.com]
raise some questions
One of the largest shareholders in Star Entertainment’s Queensland Wharf Brisbane casino resort in Queensland may have links to organized crime. investigation by News letters It revealed that Chow Tai Fook, which was approved by the Queensland government in 2015 to be a partner in the A$3.8 billion (US$2.6 billion) new casino venture Star Entertainment, likely had such suspicious ties.
Neither Chow Tai Fook nor the Cheng family has been accused of any kind of criminal activity
The integrity consultant who evaluated potential partners in the casino venture claims that he was unaware of the company’s potential links to the crime at the time of judging its suitability. ABC Neither Chow Tai Fook nor the Cheng family has been accused of any kind of criminal activity, but the media company believes questions need to be answered regarding Chow Tai Fook’s role at Queen’s Wharf Brisbane Casino Resort.
Consider the allegations
Chow Tai Fook is also the owner of half of the apartment towers surrounding the casino and receives a commission for all VIP gamblers he directs to the venue. The Queen’s Wharf is set to open next year.
Any new information that comes to light will be investigated
Applicable laws prevent companies from having bad reputation partners. The current Queensland Attorney General Shannon Fenteman, the county’s chief casino regulator, described the allegations from ABC Investigations as “extremely disturbing”. She added that any new information that came to light would be investigated.
ABC Investigations It revealed in its report that Chow Tai Fook and some of its associated companies have links to organized crime in China that date back decades. Some of these links include Macau gangster Wan Kok Kwe and former King Major Alvin Chau.
Concerns about potential criminal links
Revelation from ABC It came to light before an investigation began Tuesday in Queensland to look into allegations that Star Entertainment had ignored criminal infiltration and money laundering in the province.
Chow Tai Fook is controlled by the Hong Kong-based Cheng family. The family originally earned their fortune through real estate developments and jewelry stores before partnering with Macau casino magnate Stanley Ho in the 1980s. They were the main drivers in turning Macau into the world’s largest gambling hub.
Casino operators in Macau used to regularly deal with organized crime groups to collect debts from large players playing with debt. This often paved the way for other types of crime, including drug trafficking, violence, and loan combinations. Authorities around the world have conducted their own investigations into the Qing family’s operations in Macau.