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Former COO pushes for board shake-up at Treasury Wine
Chau’s operation also gave him the ear of the Chinese Communist Party elite who didn’t mind a punt and who, Australian authorities suspected, may also have wanted to quietly move large amounts of money to Australia. 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. 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. Sydney’s The Star Entertainment casino firm was just as eager to woo Chau to access his contact list of Chinese high rollers.
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James and Anthony pull together the threads behind an incredible first quarter and predict the big headlines you’ll be reading in the coming months. The commodities giant’s iron ore boss is a long-time Pilbara boy who is running one of its biggest operations. Learn how we collect and handle your personal information by reading our privacy statement.
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The $36 million loss behind greyhound racing in WA
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- As Chau’s international gaming operation grew, though, so did the rumours that it involved dirty money.
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