They said a "Three-Year Action Plan for Combating and Controlling Money Laundering Crimes (2022-2024)" would be launched from January 2022

Chau now appears likely to lose his gambling empire, including his casino on the outskirts of Vladivostok

Suncity Group's stock was down 10% in Thursday morning trade, albeit off a record low marked earlier in the day

Closure of the embattled gambling group's VIP rooms could cut about a third of the company's clientele in Macau

The arrest of Alvin Chau is seen as ushering in a new era of zero tolerance towards gambling in China, where all forms are illegal. It has also dealt a heavy blow to the junket industry

Suncity's chief executive Alvin Chau is believed to be one of 11 people arrested by Macau authorities on Sunday over gambling on mainland China and money laundering

Wenzhou city in eastern China has issued an arrest warrant for Macau junket mogul Alvin Chau, accusing him of operating gambling activities in mainland China