News Snapshot:
Macau police have arrested casino junket boss Levo Chan Weng Lin, chairman and controlling shareholder of Tak Chun Group and co-chairman and CEO of Macau Legend Development . Analysts described Tak Chun Group as second only to Suncity Group in market share for pre-pandemic years in the world’s largest gaming hub. Macau Legend Development announced on Monday afternoon that the businessman, also known as Levo Chan, would be resigning as co-chairman, CEO and board director “to avoid distraction to the company” and “for the interest of the shareholders of the company as a whole,” reports Nikkei Asia. Chan took control...
