Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Technology
Media
Small Business
Legal
Deals
Earnings
Social Pulse
Business Video
The Freeland File
Aerospace & Defense
Investing Simplified
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
Dividends
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Africa
Mexico
Russia
India Insight
World Video
Reuters Investigates
Decoder
Politics
Politics Home
Supreme Court
Politics Video
Tech
Technology Home
MediaFile
Science
Tech Video
Tech Tonic
Social Pulse
Opinion
Opinion Home
Chrystia Freeland
John Lloyd
Felix Salmon
Jack Shafer
David Rohde
Nader Mousavizadeh
Lucy P. Marcus
Nicholas Wapshott
Bethany McLean
Anatole Kaletsky
Zachary Karabell
Edward Hadas
Hugo Dixon
Ian Bremmer
Lawrence Summers
Susan Glasser
The Great Debate
Reihan Salam
Frederick Kempe
Mark Leonard
Breakingviews
Equities
Credit
Private Equity
M&A
Macro & Markets
Politics
Breakingviews Video
Money
Money Home
Tax Break
Lipper Awards 2012
Global Investing
MuniLand
Unstructured Finance
Linda Stern
Mark Miller
John Wasik
James Saft
Analyst Research
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Money Clip
Investing 201
Life
Health
Sports
Arts
Faithworld
Business Traveler
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Reuters TV
Reuters News
Article
Comments (0)
Full Focus
Editor's Choice
Our best photos from the last 24 hours. Slideshow
Download our Wider Image iPad app
Images of October
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Obama's opening "fiscal cliff" bid seeks debt limit hike, stimulus
29 Nov 2012
Egypt constitution finalized as opposition cries foul
|
12:41am EST
Palestinians win implicit U.N. recognition of sovereign state
|
29 Nov 2012
Palestinians win de facto U.N. recognition of sovereign state
|
29 Nov 2012
Chinese police plan to board vessels in disputed seas
12:34am EST
Discussed
259
Obama promotes tax agenda, U.S. Congress in stand-off
203
Warren Buffett calls for a minimum tax on the wealthy
85
Senators won’t support Rice until Libya questions resolved
Pictures
Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
LA Auto Show
New concepts and models at the Los Angeles Auto Show. Slideshow
Fire and water
Lava flowing into the ocean creates a rare natural show in Hawaii. Slideshow
Sponsored Links
After long jail term, gaming gangster faces less violent but still murky Macau
Tweet
Share this
Email
Print
Related News
Exclusive: Philippines fixer paid $30 million by Okada's Universal - sources
1:46am EST
Macau police arrest five, gangster "Broken Tooth" release due
Sat, Nov 24 2012
Exclusive: Philippine payments give U.S. casino regulators new focus in Wynn-Okada feud
Fri, Nov 16 2012
Maryland voters pass casino expansion after MGM Resorts big bet
Wed, Nov 7 2012
UPDATE 2-Las Vegas Sands post lower-than-expected earnings
Thu, Nov 1 2012
Analysis & Opinion
U.S. broker-dealers scrutinized for anti-laundering compliance in Venezuelan currency swaps
Will Atlantic City’s Revel be washed away by Sandy?
Related Topics
World »
Wan Kuok-koi (C), alias Broken Tooth Koi, one of the most powerful Chinese Mafia leaders in Asia, is seen handcuffed after being arrested by Macau's top crime-fighter, Judicial Police Director Antonio Marques Baptista (R) during an anti-crime raid in Macau, in this file picture taken May 1, 1998. Wan ''Broken Tooth'' Kuok-koi will emerge from jail this weekend into a very different Macau gambling haven than the one he bullied in the late-1990s, Reuters reported on November 30, 2012. Under new leadership, chosen at a Chinese Communist Party Congress in November 2012, where corruption was a dominant theme, Beijing is sending strong signals to Macau authorities to tighten regulation and promote responsible gaming in the world's casino capital. To match story GAMING-MACAU/
Credit: Reuters/Stringer
By James Pomfret and Farah Master
MACAU |
Fri Nov 30, 2012 2:43am EST
MACAU (Reuters) - Wan "Broken Tooth" Kuok-koi will emerge from jail this weekend into a very different Macau gambling haven than the one he bullied in the late-1990s.
Under new leadership, chosen at a Chinese Communist Party Congress this month where corruption was a dominant theme, Beijing is sending strong signals to Macau authorities to tighten regulation and promote responsible gaming in the world's casino capital.
It's a far cry from more than a decade ago when Wan and other triad gangsters ran amok during the final days of Portuguese rule of this southern Chinese outcrop. The bloody gangland turf wars are a thing of the past, but Macau, transformed into a booming, glitzy strip of casinos, malls and hotels - many owned by U.S. tycoons such as Sheldon Adelson and Steve Wynn - retains a murky underbelly where dubious money transfers are commonplace and the shadow of triad gangs still hangs.
Triads, or Chinese organized crime societies, remain a vital cog in the gambling industry, as intermediaries and junket operators - recruiting and transporting high-rollers and offering credit and recovering debts around the highly lucrative VIP gaming rooms.
The leading junkets make billions of dollars from Macau's gambling industry, bringing in over 70 percent of total gambling revenue - which has soared to $33.5 billion, five times that of Las Vegas, from just $1.7 billion in Wan's heyday. As the money has rolled in, the junket operators have diversified into movies, property and stockbroking.
The once monopolistic casino empire of gambling tycoon Stanley Ho has opened up to the Las Vegas big-hitters, but Wan's 14K triad, its branches and rival gangs are still active in Macau, say people close to the industry.
"The triads retain some kind of influence in the majority of the VIP rooms," said a security executive at one of Macau's leading casinos, who was not authorized to speak to the media. "We know there's influence because we see them around the casino floor, inside the VIP rooms. It's not an offence. Unless the police can prove money laundering, they can stay there."
TAKING NO CHANCES
It's not known whether Wan - who was jailed for more than 14 years for attempted murder, loan sharking and money laundering - will return to the business.
Wan's family members, lawyers and former associates declined to comment on his plans, though his brother Kuok-hung - himself jailed for five years in 1999 - has carved out a career in the VIP junket business. Wan was visited in jail by his brother and mother earlier this week.
While few predict Wan's release from the high-security Coloane Prison will spark a return to Macau's darker days, the authorities are taking no chances.
Last weekend, a number of Wan's former associates were arrested in a sting operation on suspicion of planning to commit murder. One of those picked up was former police officer Artur Chiang Calderon, who was first arrested in 1998 with Wan over a string of bomb attacks and bloody gang wars.
"We are well equipped to handle all situations," a spokeswoman for Macau's judiciary police said, amid local media reports of tightened security and vigilance at casinos.
"This is Beijing. They want to send a strong message by doing this," said a senior casino executive.
Kenny Leong, chief executive of Nasdaq-listed Asia Entertainment and Resources Ltd and one of Macau's leading VIP gambling room promoters, did not expect much impact from Wan's freedom. "Things are completely different now. Everything is more professionally managed," he said.
"It's a different era from before. Right now, the time is not hitting and killing."
Wan, a stocky man with often garish sartorial taste, is said to be unable to straighten the middle two fingers of one hand after being mangled by meat cleavers in a street fight. Locals say he was a common sight, driving around Macau in a mauve Ferrari.
"He was very, very influential in his time," said a former head of criminal intelligence in the Hong Kong police force, who specialized in anti-triad enforcement. "He was influential because of fear. He was extremely violent and took over a lot of businesses in a violent manner."
Earlier this week, a new, white Toyota Vellfire spacewagon pulled out of a gated compound and wound its way up to the heavily-fortified hilltop prison, where a stylish lady with long hair and dark glasses stepped out with a shy-looking, bespectacled teenage son wearing sneakers.
After an hour-long visit, Wan's wife and son declined comment when asked by Reuters how they felt about being reunited as a family. "I have nothing to say," said Wan's wife.
(Editing by Ian Geoghegan)
World
Related Quotes and News
Company
Price
Related News
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Edition:
U.S.
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Support
Corrections
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
AdChoices
Copyright
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.