• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Macau police nabs 34 people for alleged loan-sharking

Oct 30, 2018 Newsdesk Latest News, Macau, Top of the deck  


Macau police nabs 34 people for alleged loan-sharking

Macau’s Judiciary Police announced on Monday the arrest of 34 people for their alleged involvement in a loan-sharking syndicate targeting gamblers in the city. According to local media reports citing the Judiciary Police, the aggregate principal amount loaned was more than HKD60 million (US$7.7 million), involving at least 80 victims.

The alleged loan-sharking syndicate included members from Macau and Hong Kong, but the majority of those involved was from Mainland China, according to the police. The head of the group was a Macau resident.

The authorities believe the group had been in operation since 2016.

During searches to nine residential apartments around Macau on Sunday, the police found HKD1.70 million in cash, and information about the alleged loans, including receipts.

Police think the suspects are linked to an alleged loan-sharking gang the authorities had disrupted in March 2017.

In the first half of 2018, a total of 840 suspected gaming-related crimes was recorded in Macau, down by 3 percent in year-on-year terms, according to data from the Judiciary Police. But the police saw more gaming-related cases of suspected loan-sharking in the period.

During the first half of this year, the police recorded a total of 254 gaming-related cases of suspected usury – unlawful lending of money and commonly known as loan-sharking. The tally represented a 38-percent increase when compared to the prior-year period.

Macau’s Judiciary Police announced in June the arrest of 113 people allegedly involved in a long-time loan-sharking operation targeted at people gambling in the city’s casinos. Police officers described at the time the enforcement action as the largest number of arrests in the Macao Special Administrative Region for a single case, since than handover from Portuguese administration in 1999.


  • tweet
Related articles
  • Macau, mainland bust gambler-targeted money scam ring
    Macau, mainland bust gambler-targeted...

    Apr 08, 2021  

  • Gaming-linked Macau crime down 79 pct in 2020: police
    Gaming-linked Macau crime down 79 pct...

    Feb 01, 2021  

More news
  • Jeju Lotte casino shut, ready for permit swap to Dream Tower
    Jeju Lotte casino shut, ready for...

    Apr 09, 2021  

  • GEN Sing 2022 EBITDA to be below 2019 levels: Moody’s
    GEN Sing 2022 EBITDA to be below 2019...

    Apr 09, 2021  


Latest News

Jeju Lotte casino shut, ready for permit swap to Dream Tower

Jeju Lotte casino shut, ready for permit swap to Dream Tower

Apr 09, 2021  

Lotte Tour Development Co Ltd has closed its Jeju Lotte Tour Casino on the southern coast of the South Korean holiday island of Jeju, with effect from Friday morning. That was in preparation for...
Read More
GEN Sing 2022 EBITDA to be below 2019 levels: Moody’s

GEN Sing 2022 EBITDA to be below 2019 levels: Moody’s

Apr 09, 2021  

Guangdong urges cross-border bet criminals to surrender

Guangdong urges cross-border bet criminals to surrender

Apr 09, 2021  

Lawrence Ho awarded US$10mln in Melco Resorts shares

Lawrence Ho awarded US$10mln in Melco Resorts shares

Apr 09, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


110,000

Total number of suspects "apprehended" by Chinese police since 2020 as part of its anti- cross-border gambling operations



Most Popular

  • GEN Malaysia may deleverage within 2 years says FitchGEN Malaysia may deleverage within 2 years says Fitch April 7, 2021
  • Macau daily visit volume down 17pct m-o-m for April 2 to 6Macau daily visit volume down 17pct m-o-m for April 2 to 6 April 8, 2021
  • Moody’s expects MGM, Wynn to pursue large IR development Moody’s expects MGM, Wynn to pursue large IR development  April 8, 2021
  • China bans travel for 89, says some had overseas bet linksChina bans travel for 89, says some had overseas bet links April 6, 2021
  • Studio City new water park launches May 22: MelcoStudio City new water park launches May 22: Melco April 1, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us