China detains 18 Crown Resorts employees


Posted on the 19th of October 2016

China detains 18 Crown Resorts employees

China has detained 18 Crown Resorts employees (including three Australian citizens) for alleged “gambling crimes”. The office raids and arrests took place on Thursday and Friday the 13th and 14th of October. Not only is gambling illegal in mainland China, but soliciting Chinese high rollers to overseas casinos is also a criminal offense which carries a jail sentence of up to 10 years. The arrests are a result of a crackdown by China’s Ministry of Public Security on foreign casinos targeting Chinese citizens. Crown shares fell 14 percent on the following Monday, which is the biggest single day drop in the company’s history, costing the company approximately $500 million.

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